secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000851968-23-000023
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk Q4 EPS $0.52; adjusted EPS $1.32; sales down 4%; sees further weakness in Q1
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000023/0000851968-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000023/mhk-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000851968-23-000023

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