secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000851968-24-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk Q4 adjusted EPS $1.96 beats year-ago $1.32; Q1 guide $1.60-$1.70
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- Q4 net sales $2.6B (-1.4% YoY); net earnings $139M ($2.18 EPS); adjusted net earnings $125M ($1.96 EPS).
- FY2023 net loss $440M ($6.90 per share) includes $878M impairment; adjusted net earnings $587M ($9.19 EPS) vs $12.85 prior year.
- Global Ceramic segment sales +0.6% as reported (-4.7% legacy/constant); Flooring NA sales -3.6%.
- Plan to retire ~$900M higher-rate term loan in Q1 2024; net debt/EBITDA 1.5x; free cash flow $716M.
- Q1 2024 adjusted EPS guidance $1.60-$1.70, citing cyclical low and seasonal patterns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000085196824000021/0000851968-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000085196824000021/mhk-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000851968-24-000021

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