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Last €175.67 EUR
Change Today +5.95 / 3.51%
Volume 0.0
MWK On Other Exchanges
New York
As of 3:37 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mohawk industries inc (MWK) Snapshot

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08/18/15 - €191.40
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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

Miller Law LLC Announces Settlement of $151,250,000 for Purchasers of Certain Products Containing Polyurethane Foam

Miller Law LLC announced a settlement of $151,250,000 for purchasers of certain products containing polyurethane foam. A lawsuit known as In re Polyurethane Foam Antitrust Litigation, Case No. 10-MD-2196, is pending in the United States District Court for the Northern District of Ohio in Toledo. The Settlements have now been reached with the following Defendants: Carpenter Co., FFP Holdings LLC, Future Foam, Inc., FXI Holdings, Inc., Hickory Springs Manufacturing Company, Leggett & Platt, Incorporated, Mohawk Industries, Inc., Vitafoam (Vitafoam Products Canada Limited, and Vitafoam, Inc.), and Woodbridge (Woodbridge Foam Corporation, Woodbridge Sales & Engineering, Inc., and Woodbridge Foam Fabricating, Inc.). Together, these additional settling Defendants will be paying a total of $151,250,000 into the Settlement Fund. Several individuals and businesses brought claims on behalf of a Class of end-user 'indirect' purchasers of products that contain flexible polyurethane foam manufactured or supplied by the Defendants. These products include bedding (for example, mattresses, mattress toppers, or pillows), carpet underlay (also called carpet padding or carpet cushion), and upholstered furniture (for example, a sofa with foam cushions). Plaintiffs claim Defendants engaged in a conspiracy to: increase prices of flexible polyurethane foam and not compete for, or 'allocate,' customers. Plaintiffs contend Defendants violated numerous States' antitrust and consumer protection laws. Defendants deny these claims and deny they are liable to Plaintiffs in any way. Defendants in the nine Settlements will pay a total of $151,250,000. If the Plan of Allocation is approved by the Court, payments will be made to each Claimant from each Settlement pro rata based on the number of valid claims filed and the amounts paid for qualifying products. The Settlement Fund may also be used to pay for the cost to administer the Settlements, attorneys' fees, costs, and expenses, and awards to Class Representative Plaintiffs. Plaintiffs' counsel will request attorneys' fees not to exceed 30% of $151,250,000, plus reimbursement of costs and expenses. The Court will hold a hearing to decide whether to approve the nine proposed Settlements. The hearing will be on DECEMBER 15, 2015, at 10:00 a.m. at the Ashley U.S. Courthouse, 1716 Spielbusch Avenue, Toledo, Ohio 43604. The Court may change the date, time, or location of the hearing.

Mohawk Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015; Provides Tax Rate Guidance for the Year 2016

Mohawk Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported net sales of USD 2,041.733 million compared to USD 2,048.247 million a year ago. Operating income was USD 255.816 million compared to USD 222.248 million a year ago. Earnings before income taxes were USD 236.050 million compared to USD 203.101 million a year ago. Net earnings attributable to the company were USD 186.492 million compared to USD 152.750 million a year ago. Diluted earnings per share attributable to the company was USD 2.53 compared to USD 2.03 a year ago. Capital expenditures were USD 122.628 million compared to USD 127.616 million a year ago. Adjusted operating income was USD 307.412 million compared to USD 233.417 million a year ago. For the six months, the company reported net sales of USD 3,922.910 million compared to USD 3,861.342 million a year ago. Operating income was USD 299.590 million compared to USD 352.983 million a year ago. Earnings before income taxes were USD 264.458 million compared to USD 306.850 million a year ago. Net earnings attributable to the company were USD 208.838 million compared to USD 233.831 million a year ago. Diluted earnings per share attributable to the company was USD 2.83 compared to USD 3.19 a year ago. Capital expenditures were USD 228.422 million compared to USD 249.697 million a year ago. The guidance for third quarter 2015 earnings is USD 2.91 to USD 2.99 per share. The third quarter earnings guidance would have been approximately USD 0.24 per share higher on a constant exchange rate relative to last year. The company estimates the full year tax rate to be 22% to 23% for 2015. The company estimates CapEx of USD 515 million for the full year of 2015, with depreciation and amortization estimated at USD 370 million. For the year 2016, the company estimates tax rate to be 24% to 25%.

Mohawk Industries Seeks Acquisitions

Mohawk Industries Inc. (NYSE:MHK) is seeking acquisitions. Jeff Lorberbaum, Chairman and Chief Executive Officer, said, "Going forward, our investments in acquisitions and our existing businesses will position us to further expand sales and improve margins with design leadership, operational efficiencies, and distribution advantages." Lorberbaum added, "We anticipate continued improvement in our performance through further new investments and carefully selected acquisitions."


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Valuation MWK Industry Range
Price/Earnings 28.7x
Price/Sales 1.8x
Price/Book 3.2x
Price/Cash Flow 28.8x
TEV/Sales 1.4x

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