8-K
filed February 9, 2023, 6:59 PM ET
ticker MHK
CIK 0000851968
earnings
confidence high
sentiment negative
materiality 0.80
Mohawk Q4 EPS $0.52; adjusted EPS $1.32; sales down 4%; sees further weakness in Q1
MOHAWK INDUSTRIES INC
2022-FY EPS reported
$0.39
revenue$11,737,065,000
- Q4 net earnings $33M ($0.52 EPS) vs $189M ($2.80) a year ago; adjusted EPS $1.32 vs $2.95.
- Net sales $2.7B, down 4% as reported; full-year sales $11.7B (+5%), net earnings $25M vs $1,033M.
- Acquired Brazilian ceramic producer Elizabeth; awaiting approval for Vitromex in Mexico to nearly double local positions.
- Restructuring initiatives in Flooring NA and Rest of World; exit flexible LVT, $45M total cost, $15M annual savings.
- Q1 2023 adjusted EPS guidance $1.24-$1.34; expects sequential improvement in Q2 as energy costs decline.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MOHAWK INDUSTRIES INC reported fiscal year ended December 31, 2022 results: revenue approximately $11.7 billion, net income $25 million, EPS $0.39.
- Period
- fiscal year ended December 31, 2022
- Revenue
- approximately $11.7 billion
- Net income
- $25 million
- EPS
- $0.39
- Result
- reported results
Exact text from the filing
For the twelve months ending December 31, 2022, net earnings and EPS were $25 million and $0.39, respectively. Adjusted net earnings excluding restructuring, acquisition and other charges were $823 million and adjusted EPS was $12.85. For the 2022 twelve-month period, net sales were approximately $11.7 billion, an increase of 4.8% versus prior year as reported or 8.8% on a constant currency and days basis.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MOHAWK INDUSTRIES INC reported quarter ended December 31, 2022 results: revenue $2.7 billion, net income $33 million, EPS $0.52.
- Period
- quarter ended December 31, 2022
- Revenue
- $2.7 billion
- Net income
- $33 million
- EPS
- $0.52
- Result
- reported results
Exact text from the filing
Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2022 net earnings of $33 million and diluted earnings per share (EPS) of $0.52. Adjusted net earnings were $84 million and adjusted EPS was $1.32, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2022 were $2.7 billion
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.