Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $181.22 USD
Change Today +1.13 / 0.63%
Volume 410.1K
MHK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MHK) Snapshot

Open
$179.43
Previous Close
$180.09
Day High
$181.61
Day Low
$179.37
52 Week High
03/2/15 - $188.26
52 Week Low
10/15/14 - $120.37
Market Cap
13.2B
Average Volume 10 Days
681.7K
EPS TTM
$7.81
Shares Outstanding
73.0M
EX-Date
--
P/E TM
23.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for MOHAWK INDUSTRIES INC (MHK)

mohawk industries inc (MHK) Related Businessweek News

View More BusinessWeek News

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: $912.3K
Chief Financial Officer
Total Annual Compensation: $568.9K
President of Laminate and Wood
Total Annual Compensation: $734.1K
President of Carpet
Total Annual Compensation: $486.9K
Compensation as of Fiscal Year 2013.

mohawk industries inc (MHK) Key Developments

Mohawk Industries Inc. Amends and Restates Senior, Unsecured Revolving Credit Facility

On March 26, 2015, Mohawk Industries Inc. amended and restated the senior, unsecured revolving credit facility by and among the Company and certain of its subsidiaries, as borrowers, Wells Fargo Bank, National Association, as administrative agent, swing line lender, and an L/C issuer, and the other lenders party thereto (such facility, as amended and restated, the Amended Facility). The modification effected by the Amended Facility included (1) increasing the amount of the credit facility from $1.0 billion to $1.8 billion, (2) reducing pricing, (3) extending the maturity from September 25, 2018 to March 26, 2020, (4) eliminating the provision providing for acceleration of the maturity date to the date 90 days prior to the maturity of senior notes due in January 2016 absent the satisfaction of specified liquidity levels, (5) eliminating the requirement that subsidiaries that are not borrowers under the credit facility provide guaranties if credit ratings fall below certain specified levels and (6) modifying certain of the negative covenants to provide with additional flexibility, including additional flexibility to make acquisitions and incur indebtedness. The remaining terms of the Amended Facility are substantially consistent with the terms of the existing facility. The Amended Facility provides for a maximum of $1.8 billion of revolving credit, including limited amounts of credit in the form of letters of credit and swingline loans. The Amended Facility is scheduled to mature on March 26, 2020. The Company can terminate and prepay the Amended Facility at any time without payment of any termination or prepayment penalty (other than customary breakage costs in respect of loans bearing interest at a rate based on LIBOR).

Mohawk Industries to Invest $1 Billion in Capital Businesses to Expand into New Plants and New Products

Mohawk Industries announced that it is going to invest about $1 billion in capital businesses to expand into new plants and new products to grow existing business.

Mohawk Industries Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Capital Expenditure Guidance for the Year 2015

Mohawk Industries Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $1,951,446,000 against $1,924,104,000 a year ago. Operating income was $206,120,000 against $150,988,000 a year ago. Earnings from continuing operations before income taxes were $175,760,000 against $126,184,000 a year ago. Earnings from continuing operations were $147,080,000 or $2.00 per diluted share against $110,764,000 or $1.51 per diluted share a year ago. Net earnings attributable to the company were $146,868,000 or $2.00 per diluted share against $94,651,000 or $1.29 per diluted share a year ago. Net cash provided by operating activities was $338,765,000 against $198,190,000 a year ago. Capital expenditures were $170,224,000 against $111,027,000 a year ago. Adjusted net earnings attributable to the company were $166,545,000 or $2.27 per diluted share against $131,091,000 or $1.79 per diluted share a year ago. Adjusted operating income was $220,815,000 against $187,339,000 a year ago. EBITDA was $291,836,000 and adjusted EBITDA was $318,485,000. For the full year, the company reported net sales of $7,803,446,000 against $7,348,754,000 a year ago. Operating income was $772,796,000 against $546,931,000 a year ago. Earnings from continuing operations before income taxes were $175,760,000 against $126,184,000 a year ago. Earnings from continuing operations were $532,254,000 or $7.25 per diluted share against $367,186,000 or $5.07 per diluted share a year ago. Net earnings attributable to the company were $531,965,000 or $7.25 per diluted share against $348,786,000 or $4.82 per diluted share a year ago. Net cash provided by operating activities was $662,188,000 against $525,163,000 a year ago. Capital expenditures were $561,804,000 against $366,550,000 a year ago. Adjusted net earnings attributable to the company were $597,667,000 or $8.15 per diluted share against $473,400,000 or $6.55 per diluted share a year ago. Adjusted operating income was $846,352,000 against $689,911,000 a year ago. Net debt as at December 31, 2014 was $2,155,563,000. EBITDA was $1,107,379,000 and adjusted EBITDA was $1,180,935,000. For the first quarter of 2015, the company expects earnings to range from $1.54 to $1.63 per share, excluding any restructuring charges and new acquisitions. The company estimates income tax rate to be 23.5%. For the year 2015, the company anticipates that it will have $73 million to $75 million of interest expense excluding acquisitions. The company estimates full year income tax rate to range between 21% and 22% and capital expenditures to be $450 million, with depreciation and amortization estimated at $335 million. 2015 major CapEx projects include Tennessee ceramic plant, the replacement of Italian ceramic assets, board asset upgrade and then finalization of the fiber extrusion expansion.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MHK:US $181.22 USD +1.13

MHK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Armstrong World Industries Inc $56.42 USD +0.02
Forbo Holding AG SFr.1,192 CHF +8.00
Fortune Brands Home & Security Inc $44.29 USD -0.06
LG Hausys Ltd 172,000 KRW -6,500.00
Tarkett SA €21.08 EUR -0.245
View Industry Companies
 

Industry Analysis

MHK

Industry Average

Valuation MHK Industry Range
Price/Earnings 25.0x
Price/Sales 1.7x
Price/Book 3.0x
Price/Cash Flow 24.9x
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MOHAWK INDUSTRIES INC, please visit www.mohawkind.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.