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Last €153.18 EUR
Change Today -2.17 / -1.40%
Volume 0.0
As of 3:00 AM 05/7/15 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MWK) Snapshot

Open
€154.76
Previous Close
€155.35
Day High
€154.76
Day Low
€153.18
52 Week High
03/31/15 - €175.60
52 Week Low
07/29/14 - €93.22
Market Cap
11.2B
Average Volume 10 Days
0.5
EPS TTM
--
Shares Outstanding
73.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MOHAWK INDUSTRIES INC (MWK)

mohawk industries inc (MWK) Related Businessweek News

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mohawk industries inc (MWK) 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 (MWK) 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 (MWK) 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 Seeks Acquisitions

Mohawk Industries Inc. (NYSE:MHK) is seeking acquisitions. Mohawk Industries entered into an amended facility which provides for a maximum of $1.8 billion of revolving credit. Mohawk Industries can use the proceeds of the amended facility for general corporate purposes, including working capital, capital expenditures, financing acquisitions, investments, and refinancing other indebtedness.

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.

 

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MWK:GR €153.18 EUR -2.17

MWK Competitors

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Armstrong World Industries Inc $55.72 USD +0.08
Forbo Holding AG SFr.1,126 CHF -24.00
Fortune Brands Home & Security Inc $44.07 USD -0.56
LG Hausys Ltd 155,500 KRW +2,000
Tarkett SA €24.29 EUR -0.52
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Industry Analysis

MWK

Industry Average

Valuation MWK Industry Range
Price/Earnings 24.7x
Price/Sales 1.7x
Price/Book 3.0x
Price/Cash Flow 24.6x
TEV/Sales 1.4x
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