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Last $200.83 USD
Change Today -0.76 / -0.38%
Volume 782.1K
MHK On Other Exchanges
New York
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MHK) Snapshot

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08/3/15 - $204.39
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10/15/14 - $120.37
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mohawk industries inc (MHK) Details

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for residential and commercial applications for remodeling and new constructions worldwide. It operates in three segments: Carpet, Ceramic, and Laminate and Wood. The Carpet segment offers carpet and rug product lines in a range of colors, textures, and patterns for residential and commercial applications; and markets and distributes ceramic tiles, laminate, hardwood, resilient floor coverings, carpet pads, and flooring accessories. This segment markets and distributes its flooring products under the Aladdin, Bigelow, Durkan, Horizon, Karastan, Lees, Mohawk, Mohawk ColorCenters, Mohawk Floorscapes, Mohawk Home, Portico, and SmartStrand brands. The Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Kerama Marazzi, Marazzi, and Ragno brands. The Laminate and Wood segment offers laminate and hardwood flooring; and produces roofing elements, insulation boards, medium-density fiberboards, chipboards, and other wood products, as well as licenses its UNICLIC and Pergo laminate flooring to floor manufacturers and distributors. This segment markets and distributes its flooring products under the Columbia Flooring, Century Flooring, Mohawk, Pergo, Quick-Step, and Unilin brands. The company sells its products through independent and individual floor covering retailers, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial dealers and end users, company-operated service centers and distribution centers, independent distributors, home center retailers, ceramic specialists, and retailers, as well as through private labeling programs. Mohawk Industries, Inc. was founded in 1988 and is headquartered in Calhoun, Georgia.

32,300 Employees
Last Reported Date: 02/27/15
Founded in 1988

mohawk industries inc (MHK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $935.1K
Chief Financial Officer and Vice President of...
Total Annual Compensation: $583.1K
President of Laminate and Wood
Total Annual Compensation: $661.7K
President of Carpet
Total Annual Compensation: $499.0K
Compensation as of Fiscal Year 2014.

mohawk industries inc (MHK) Key Developments

Mohawk Industries to Close its Yarn Plant in Chatsworth in August

Mohawk Industries announced that the company will close its yarn plant in Chatsworth in August and move 156 workers to other northwest Georgia facilities. The move came just days after Shaw Industries, Mohawk's arch-competitor, closed a plant of its own.

Mohawk Industries, Inc. Reports Consolidated Earnings Results for the First Quarter Ended April 4, 2015; Provides Earnings Guidance for the Second Quarter and Capex Guidance for the Full Year 2015

Mohawk Industries Inc. reported consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, the company’s net sales were $1,881,177,000 against $1,813,095,000 a year ago. Operating income was $43,774,000 against $130,735,000 a year ago. Earnings from continuing operations before income taxes were $28,408,000 against $103,749,000 a year ago. Net earnings attributable to Mohawk Industries Inc. were $22,346,000 or $0.30 diluted per share against $81,081,000 or $1.11 diluted per share a year ago. Capital expenditures were $105,794,000 against $122,081,000 a year ago. Adjusted net earnings attributable to Mohawk Industries Inc. were $124,972,000 or $1.70 diluted per share against $90,415,000 or $1.23 diluted per share a year ago. Net debt was $2,305,214,000. EBITDA was $130,355,000. Adjusted EBITDA was $263,524,000. Adjusted operating income was $181,303 142,460,000 a year ago. For the second quarter of 2015, the company expects earnings to be $2.51 to $2.60 per share, excluding any earnings from new acquisitions or any restructuring charges. Second quarter earnings guidance would have been approximately $0.25 per share higher on a constant exchange rate relative to last year. Assuming the transactions close in the second quarter, the company estimates the IVC and Kai acquisitions will add $0.06 to $0.08 per share to earnings in the period. For the full year 2015, the company expects capex of $450 million, and depreciation and amortization at $375 million, excluding acquisitions.

Mohawk Industries Inc., Annual General Meeting, May 21, 2015

Mohawk Industries Inc., Annual General Meeting, May 21, 2015., at 10:00 US Eastern Standard Time. Location: 160 South Industrial Boulevard. Agenda: To elect three persons who will serve as the company’s Class II directors for a three-year term beginning in 2015; to ratify the selection of KPMG LLP as the company’s independent registered public accounting firm for the year ending December 31, 2015; to hold a non-binding, advisory vote to approve the compensation of the company’s named executive officers, as disclosed and discussed in the compensation discussion and analysis, compensation tables and any related material disclosed in this proxy statement; and to consider and act upon such other business as may properly come before the meeting or any adjournments or postponements thereof.


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