earnings
confidence high
sentiment positive
materiality 0.80
Mohawk Q2 net sales $3.0B (+44% YoY), record EPS $4.82; guides Q3 adj. EPS $3.71-3.81
MOHAWK INDUSTRIES INC
2021-Q2 EPS reported
$8.18
revenue$5,622,859,000
- Q2 net earnings $336M ($4.82 diluted EPS); adjusted EPS $4.45 vs. $0.37 prior year.
- Net sales $3.0B, up 44% as reported (38% constant currency); all segments grew >35%.
- Flooring Rest of World segment sales +68%, operating margin 19.7% vs 5.9% prior year.
- Q3 guidance: adjusted EPS $3.71 to $3.81; $650M capital investments approved; $142M stock buyback in Q2.
- Delivered $95M of $100-110M restructuring savings; acquisitions in U.K. laminate distribution and pending insulation manufacturer.