Mohawk Industries, Inc. (MHK) Income Statement Analysis

See more : Paragon Care Limited (PGC.AX) Income Statement Analysis – Financial Results

Complete financial analysis of Mohawk Industries, Inc. (MHK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mohawk Industries, Inc., a leading company in the Furnishings, Fixtures & Appliances industry within the Consumer Cyclical sector.

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Mohawk Industries, Inc. (MHK)

Industry: Furnishings, Fixtures & Appliances

Sector: Consumer Cyclical

Website: https://www.mohawkind.com

About Mohawk Industries, Inc.

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands. The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands. The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	11.14B	11.74B	11.20B	9.55B	9.97B	9.98B	9.49B	8.96B	8.07B	7.80B	7.35B	5.79B	5.64B	5.32B	5.34B	6.83B	7.59B	7.91B	6.62B	5.88B	5.01B	4.52B	3.45B	3.26B	3.08B	2.64B	1.90B	1.80B	1.65B	1.44B	734.00M	352.50M	300.10M
Cost of Revenue	8.43B	8.79B	7.93B	7.12B	7.29B	7.15B	6.49B	6.15B	5.66B	5.65B	5.43B	4.30B	4.23B	3.92B	4.11B	5.09B	5.47B	5.67B	4.90B	4.26B	3.65B	3.29B	2.61B	2.35B	2.20B	1.93B	1.41B	1.31B	1.24B	1.06B	543.60M	264.60M	212.70M
Gross Profit	2.71B	2.94B	3.27B	2.43B	2.68B	2.84B	3.00B	2.81B	2.41B	2.15B	1.92B	1.49B	1.42B	1.40B	1.23B	1.74B	2.11B	2.23B	1.72B	1.62B	1.36B	1.24B	832.90M	905.20M	882.20M	708.20M	496.00M	481.90M	405.40M	379.00M	190.40M	87.90M	87.40M
Gross Profit Ratio	24.33%	25.08%	29.18%	25.45%	26.84%	28.43%	31.57%	31.40%	29.87%	27.61%	26.14%	25.74%	25.11%	26.37%	23.06%	25.46%	27.88%	28.22%	26.03%	27.56%	27.16%	27.36%	24.17%	27.80%	28.61%	26.83%	26.09%	26.85%	24.59%	26.37%	25.94%	24.94%	29.12%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.87B	1.88B	1.79B	1.69B	1.72B	1.63B	1.52B	1.41B	1.47B	1.29B	1.33B	1.08B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	135.18M	126.90M	139.54M	105.97M	130.21M	116.85M	119.56M	122.15M	100.01M	93.05M	42.63M	29.18M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.00B	2.00B	1.93B	1.79B	1.85B	1.74B	1.64B	1.53B	1.57B	1.38B	1.37B	1.11B	1.10B	1.09B	1.19B	1.32B	1.36B	1.39B	1.10B	985.25M	817.35M	718.00M	505.75M	505.73M	482.10M	406.20M	289.60M	307.00M	304.80M	231.10M	118.20M	54.10M	60.30M
Other Expenses	992.76M	-8.39M	12.23M	751.00K	-36.41M	-7.30M	-5.21M	1.73M	-17.62M	-10.70M	-9.11M	-303.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	82.35M	105.30M	67.90M	59.30M	55.20M	52.60M	49.50M	23.10M	7.40M	6.40M
Operating Expenses	3.00B	2.00B	1.93B	1.79B	1.85B	1.74B	1.64B	1.53B	1.57B	1.38B	1.37B	1.11B	1.10B	1.09B	1.19B	4.41B	1.36B	1.39B	1.10B	985.25M	817.35M	718.00M	505.75M	588.08M	587.40M	474.10M	348.90M	362.20M	357.40M	280.60M	141.30M	61.50M	66.70M
Cost & Expenses	11.42B	10.80B	9.87B	8.92B	9.14B	8.89B	8.14B	7.68B	7.23B	7.03B	6.80B	5.41B	5.33B	5.00B	5.30B	9.49B	6.84B	7.07B	5.99B	5.24B	4.46B	4.00B	3.12B	2.94B	2.79B	2.41B	1.75B	1.68B	1.60B	1.34B	684.90M	326.10M	279.40M
Interest Income	0.00	51.94M	57.25M	52.38M	41.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	77.51M	51.94M	57.25M	52.38M	41.27M	38.83M	31.11M	40.55M	71.09M	98.21M	92.25M	74.71M	101.62M	133.15M	127.03M	127.05M	145.99M	162.75M	70.25M	58.20M	53.60M	75.48M	35.74M	49.49M	34.90M	51.70M	42.90M	36.90M	37.60M	40.20M	9.80M	4.80M	10.10M
Depreciation & Amortization	630.33M	647.86M	649.78M	789.61M	618.27M	577.35M	446.67M	409.47M	362.65M	345.57M	308.87M	280.29M	297.73M	296.77M	303.00M	295.05M	306.44M	274.95M	149.33M	123.09M	106.62M	101.94M	84.17M	82.35M	105.30M	67.90M	59.30M	55.20M	52.60M	49.50M	23.10M	7.40M	6.40M
EBITDA	531.94M	883.69M	2.00B	1.43B	1.41B	1.67B	1.86B	1.70B	1.41B	1.11B	967.74M	659.50M	599.23M	622.57M	352.32M	-856.06M	1.05B	1.10B	627.27M	763.49M	648.64M	624.01M	411.32M	399.46M	400.10M	318.80M	241.20M	199.30M	100.60M	147.90M	72.20M	33.80M	27.10M
EBITDA Ratio	4.78%	13.01%	12.03%	6.67%	7.93%	10.90%	14.21%	14.31%	10.16%	9.77%	7.32%	6.55%	5.59%	5.91%	0.82%	-39.87%	13.82%	13.95%	11.78%	12.98%	12.92%	13.88%	12.11%	12.62%	13.05%	12.29%	11.29%	10.04%	6.25%	11.21%	9.33%	9.56%	9.46%
Operating Income	-287.81M	931.60M	755.53M	29.25M	214.37M	1.10B	1.35B	1.28B	837.57M	772.80M	546.93M	379.51M	315.54M	314.17M	43.73M	-1.12B	750.11M	839.06M	627.27M	635.59M	542.03M	519.11M	327.16M	317.12M	294.80M	234.10M	147.10M	119.70M	48.00M	98.40M	49.10M	26.40M	20.70M
Operating Income Ratio	-2.58%	7.94%	6.75%	0.31%	2.15%	10.97%	14.27%	14.29%	10.38%	9.90%	7.44%	6.56%	5.59%	5.91%	0.82%	-16.47%	9.89%	10.61%	9.48%	10.81%	10.83%	11.48%	9.49%	9.74%	9.56%	8.87%	7.74%	6.67%	2.91%	6.85%	6.69%	7.49%	6.90%
Total Other Income/Expenses	-66.70M	-60.32M	-45.02M	-51.63M	-77.68M	-46.13M	-36.32M	-38.82M	-88.71M	-108.91M	-101.36M	-75.02M	-115.67M	-121.52M	-121.44M	-154.03M	-145.99M	-162.75M	-70.25M	-58.20M	-53.60M	-78.44M	-35.74M	-49.49M	-34.90M	-39.20M	-15.60M	-28.00M	-37.60M	-40.20M	-9.80M	-4.80M	-10.10M
Income Before Tax	-354.51M	183.89M	1.29B	584.37M	749.55M	1.05B	1.32B	1.24B	748.86M	663.89M	445.57M	304.49M	199.87M	188.18M	-82.19M	-1.28B	604.12M	676.31M	557.02M	577.39M	488.43M	443.63M	291.42M	267.63M	259.90M	182.40M	112.40M	82.80M	10.40M	58.20M	39.30M	21.60M	10.60M
Income Before Tax Ratio	-3.18%	1.57%	11.52%	6.12%	7.52%	10.51%	13.88%	13.85%	9.28%	8.51%	6.06%	5.26%	3.54%	3.54%	-1.54%	-18.72%	7.96%	8.55%	8.41%	9.82%	9.76%	9.81%	8.46%	8.22%	8.43%	6.91%	5.91%	4.61%	0.63%	4.05%	5.35%	6.13%	3.53%
Income Tax Expense	84.86M	158.11M	256.45M	68.65M	4.97M	184.35M	343.17M	307.56M	131.88M	131.64M	78.39M	53.60M	21.65M	2.71M	-76.69M	180.06M	-102.70M	220.48M	198.83M	208.77M	178.29M	159.14M	102.82M	105.03M	102.70M	74.80M	44.40M	33.70M	4.00M	25.20M	16.60M	8.50M	4.20M
Net Income	-439.52M	25.25M	1.03B	515.60M	744.21M	861.70M	971.64M	930.36M	615.30M	531.97M	348.79M	250.26M	173.92M	185.47M	-5.50M	-1.46B	706.81M	455.83M	358.20M	368.62M	310.15M	284.49M	188.59M	162.60M	157.20M	107.60M	68.00M	49.10M	6.40M	33.00M	22.70M	9.50M	6.40M
Net Income Ratio	-3.95%	0.22%	9.22%	5.40%	7.46%	8.63%	10.24%	10.38%	7.62%	6.82%	4.75%	4.32%	3.08%	3.49%	-0.10%	-21.36%	9.32%	5.77%	5.41%	6.27%	6.20%	6.29%	5.47%	4.99%	5.10%	4.08%	3.58%	2.74%	0.39%	2.30%	3.09%	2.70%	2.13%
EPS	-6.90	0.40	15.01	7.24	10.34	11.58	13.07	12.55	8.37	7.30	4.86	3.63	2.53	2.66	-0.08	-21.32	10.37	6.74	5.78	5.56	4.68	4.46	3.60	3.02	2.63	1.91	1.33	0.96	0.13	0.68	0.84	0.42	0.34
EPS Diluted	-6.90	0.39	14.94	7.22	10.30	11.52	12.98	12.48	8.31	7.25	4.82	3.61	2.52	2.65	-0.08	-21.32	10.32	6.70	5.72	5.49	4.62	4.39	3.55	3.00	2.61	1.89	1.32	0.95	0.13	0.66	0.80	0.42	0.34
Weighted Avg Shares Out	63.66M	63.83M	68.85M	71.21M	71.99M	74.41M	74.36M	74.10M	73.52M	72.84M	71.77M	68.99M	68.74M	68.58M	68.45M	68.40M	68.17M	67.67M	66.93M	66.68M	66.25M	63.72M	52.42M	53.77M	59.73M	60.39M	59.85M	55.63M	49.23M	48.53M	27.02M	22.38M	17.35M
Weighted Avg Shares Out (Dil)	63.66M	64.06M	69.15M	71.40M	72.26M	74.77M	74.84M	74.57M	74.04M	73.36M	72.30M	69.31M	68.96M	68.78M	68.45M	68.40M	68.49M	68.06M	67.64M	67.56M	67.12M	64.86M	53.14M	54.26M	60.35M	61.13M	60.30M	56.21M	49.23M	50.00M	28.38M	22.38M	17.35M

Mohawk Industries Announces Leadership Succession

November 6, 2024globenewswire.com

CALHOUN, Ga., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced the planned retirement of Chris Wellborn, President and Chief Operating Officer and the promotion of Paul De Cock to succeed Mr. Wellborn effective February 1,...

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October 31, 2024cnbc.com

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These Analysts Cut Their Forecasts On Mohawk Industries After Q3 Results

October 28, 2024benzinga.com

Mohawk Industries, Inc. MHK reported better-than-expected results for its third quarter, after the closing bell on Thursday.

Mohawk Industries: Remain Confident That Earnings Growth Can Inflect In FY25

October 27, 2024seekingalpha.com

I maintain a buy rating for Mohawk Industries (MHK) due to expected earnings growth in FY25 as mortgage rates decline and consumer confidence improves. Despite a 1.7% revenue decline in 3Q24, solid cost control led to a 3.7% y/y adj...

Mohawk Industries: Looking For A Floor

October 26, 2024seekingalpha.com

Shares of Mohawk Industries found a floor around $100 in 2023 as the largest interest rate scares ended during the year. Mohawk, the world's largest flooring company, has returned to earnings growth this year, but might end the year on...

Mohawk Industries, Inc. (MHK) Q3 2024 Earnings Call Transcript

October 26, 2024seekingalpha.com

Mohawk Industries, Inc. (NYSE:MHK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants James Brunk - CFO Jeffrey Lorberbaum - Chairman & CEO Christopher Wellborn - President, COO & Director Conference Call Participants Timothy Wojs...