Entering text into the input field will update the search result below

Mohawk Industries provides Q4 and litigation update

Jan. 17, 2023 2:28 AM ETMohawk Industries, Inc. (MHK) StockBy: Manshi Mamtora, CFA
  • Mohawk Industries (NYSE:MHKhas entered into an agreement with plaintiffs to resolve the previously disclosed securities class action lawsuit.
  • In exchange for dismissal and a full release of claims against the defendants, the parties reached an agreement to settle the Securities Class Action for $60M, of which a significant portion is covered by insurance.
  • The settlement of the Securities Class Action is expected to be submitted for preliminary approval by the court.
  • The company expects Q4 adjusted EPS between $1.27 and $1.31 (vs. consensus of $1.46), excluding any restructuring or other one-time charges.

Recommended For You


Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

About MHK

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
Mohawk Industries, Inc.
Tempur Sealy International, Inc.
Leggett & Platt, Incorporated
La-Z-Boy Incorporated
Ethan Allen Interiors Inc.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.