secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000851968-23-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk Q1 adjusted EPS $1.75 vs $3.78 year-ago; sales down 6.9%
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- Net sales $2.8B, down 6.9% YoY; net earnings $80M ($1.26 EPS) vs $245M ($3.78 EPS) last year.
- Adjusted net earnings $112M, adj. EPS $1.75, excluding restructuring and acquisition charges.
- Flooring North America sales -11.1%, adj. op margin 0.5%; Flooring Rest of World -9.7%, adj. op margin 12.6%; Global Ceramic -0.5%, adj. op margin 6.3%.
- Q2 adj. EPS guidance $2.56-$2.66; free cash flow $129M in Q1.
- Completed two ceramic acquisitions in Brazil and Mexico with ~$425M combined 2022 sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000062/0000851968-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000062/mhk-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000851968-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer