secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000851968-23-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk Q2 2023 revenue $3.0B, adj. EPS $2.76 vs $4.41 YoY; Q3 guidance $2.62-2.72
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- Net sales $3.0B, down 6.4% reported and 9.6% on legacy/constant currency/days vs $3.2B in Q2 2022.
- Adjusted net earnings of $176M; adjusted EPS $2.76, down substantially from $4.41 in prior-year quarter.
- Generated $147M free cash flow; restructuring actions initiated targeting $35M annual savings at $17M cost.
- Segment margins: Global Ceramic 7.3% (adj. 8.6%), Flooring NA 3.7% (adj. 6.0%), Flooring Rest of World 11.0% (adj. 12.1%).
- Q3 2023 adjusted EPS guidance range $2.62–$2.72, significantly below prior-year $4.41 adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000082/0000851968-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000085196823000082/mhk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000851968-23-000082

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