Mohawk lowers Q4 adjusted EPS guidance to $1.27-$1.31, settles securities class action for $60M

MOHAWK INDUSTRIES INC

2022-FY EPS reported $0.39 revenue$11,737,065,000

Q4 2022 adjusted EPS expected between $1.27 and $1.31, citing interest rate hikes, inflation, and weaker global demand.
Residential flooring demand softened more than expected; increased plant shutdowns and inventory reduction compressed margins.
Settled securities class action for $60M; most covered by insurance; settlement subject to court approval.
Settled Belgian tax dispute for €3M one-time payment versus €187M assessment.
Full Q4 and FY2022 results to be released Feb 9, 2023; Q1 2023 guidance to follow.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOHAWK INDUSTRIES INC reported the fourth quarter 2022 results: EPS between $1.27 and $1.31. Guidance reaffirmed.

Period: the fourth quarter 2022
EPS: between $1.27 and $1.31
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Mohawk Provides Litigation and Earnings Guidance Update

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

MOHAWK INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001193125-23-009096

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