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MHK

Mohawk Industries Inc.

5/22/2013, 1:00 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 2, 4:32 PM Mohawk (MHK): Q1 EPS of $0.87 beats by $0.03. Revenue of $1.48B (+5.5% Y/Y) misses by $0.05B. (PR) Comment! [Earnings, Breaking News]
Sunday, April 7, 9:00 AM With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). 60 Comments [Healthcare, Consumer]
Wednesday, April 3, 2:52 PM Mohawk Industries (MHK -2.2%) says that it's completed the acquisition of the ceramic tile manufacturer Marazzi Group for approximately $1.5B with a combination of cash and equity. The purchase gives MHK a leading position in worldwide ceramic tile, as Marazzi operates manufacturing facilities throughout Russia, the U.S. and Western Europe and sells to more than 100 countries around the world. Comment! [M&A, On the Move]
Thursday, February 21, 4:39 PM Mohawk (MHK): Q4 EPS of $1.01 beats by $0.07. Revenue of $1.44B (+4% Y/Y) beats by $0.01B. Shares -1.2% AH. (PR) 1 Comment [Earnings, Breaking News, On the Move]
Thursday, December 20, 2012, 4:49 PM Mohawk Industries (MHK) agrees to acquire Marazzi Group, a global manufacturer and marketer of ceramic tile, for ~$1.5B in cash and stock. MHK says the addition of Marazzi, whose 2011 revenues totaled ~€833M ($1.16B), will make it the worldwide leader in ceramic tile. MHK -0.8% AH. 1 Comment [Consumer, M&A]
Tuesday, December 11, 2012, 3:37 AM Authorities reportedly widen their probe into possible insider trading by corporate executives following a WSJ expose last month. The Manhattan U.S. attorney's office is carrying out a criminal investigation into seven execs, including Mohawk Industries (MHK) CEO Jeffrey Lorberbaum. The SEC is scrutinizing the trades of VeriFone Systems (PAY) CEO Douglas Bergeron, adding to its probe of Big Lots boss Steven Fishman. 1 Comment [Top Stories]
Friday, November 23, 2012, 12:25 PM Mohawk Industries (MHK +1.4%) appears to be in advanced talks to buy Italian ceramics maker Marazzi Group. One source puts the deal at around $1.2B. 1 Comment [M&A, Global & FX]
Thursday, November 1, 2012, 5:46 PM Mohawk Industries (MHK): Q3 EPS of $1.01 misses by $0.01. Revenue of $1.47B (+2.1% Y/Y) in-line. (PR) Comment! [Earnings, Consumer]
Monday, October 29, 2012, 12:48 PM Mohawk Industries (MHK) buys laminate flooring manufacturer Pergo for $150M in cash as the flooring supplier looks to expand its reach. Pergo operates manufacturing facilities in Sweden and the U.S., and had 2011 sales of about $320M in the U.S.and Europe. The transaction is expected to close by the Q113, and MHK expects it to be accretive in the first year. Comment! [M&A]
Friday, August 3, 2012, 2:08 PM Carpeting and flooring company Mohawk Industries (MHK +4.5%) moves up today after beating on its bottom line Q2 late yesterday. However, negative currency impacts weighed on its top line as total revenue slipped. Net earnings rose 20% Y/Y however, on improved margins, higher selling prices and lower interest costs. Comment! [Earnings, On the Move]
Thursday, August 2, 2012, 6:07 PM Mohawk Industries (MHK): Q2 EPS of $1.14 beats by $0.01. Revenue of $1.47B (-0.5% Y/Y) misses by $80M. (PR) Comment! [Earnings, Consumer]
Monday, July 30, 2012, 3:39 PM Shares of Armstrong World Industries (AWI -15.5%) hit an eight-month low after its Q2 misses estimates across the board and the company cut its sales guidance for the rest of the year. The flooring maker now says it expects residential and commercial remodeling market to contract as the domestic economic recovery decelerates and economic conditions continue to worsen in Europe. Peer Mohawk Industries (MHK -4.2%) also also weak on the report. Comment! [Earnings, On the Move]
Friday, May 4, 2012, 12:40 PM Maybe another canary in the coalmine for housing is Mohawk Industries (MHK +6.2%), the maker of floor-covering products soaring after strong earnings. Price increases are a theme of the earnings report - both last quarter and for the guidance: "We anticipate continued sales growth and improving margins." (PR) 9 Comments [U.S. Economy]
Thursday, May 3, 2012, 4:25 PM Mohawk (MHK): Q1 EPS of $0.58 beats by $0.05. Revenue of $1.4B (+4.9% Y/Y) in-line. (PR) Comment! [Earnings, Consumer]
Thursday, May 3, 2012, 12:10 AM Notable earnings after Thursday's close: AIG, AIV, CF, CFN, CNQ, CUBE, ED, EGO, FLR, FSLR, INVN, KFT, KOG, LNKD, MCHP, MHK, MTW, PSA, QLGC, ROVI, SD, SWN, TRMB, WYNN, YOKU 2 Comments [Earnings]
Wednesday, May 2, 2012, 5:35 PM Notable earnings after Thursday's close: AIG, AIV, CF, CFN, CNQ, CUBE, ED, EGO, FLR, FSLR, INVN, KFT, KOG, LNKD, MCHP, MHK, MTW, PSA, QLGC, ROVI, SD, SWN, TRMB, WYNN, YOKU Comment! [Earnings]