secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000851968-22-000089
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk Q3 net loss $534M ($8.40/share) on $696M impairment; adj EPS $3.34, sales $2.9B
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- Q3 net loss of $534M, diluted EPS -$8.40, including $696M non-cash impairment; adjusted net earnings $212M, adj EPS $3.34.
- Net sales $2.9B, +3.6% as reported (+8.3% constant currency); Q4 adj EPS guidance $1.40-$1.50.
- Global Ceramic segment adj op margin 12.1%; Flooring North America adj op margin 8.0%; Flooring Rest of World adj op margin 8.5%.
- Company cites retail softness, European energy crisis, U.S. inflation; executing restructurings and capacity expansions.
- Balance sheet: net debt leverage 1.2x EBITDA, liquidity >$1.8B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000085196822000089/0000851968-22-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000085196822000089/mhk-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000851968-22-000089

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