Mohawk Industries (MHK) Misses Q2 EPS by 12c, Revenues In-Line; Offers Q3 Adj. EPS Guidance

Mohawk Industries (NYSE: MHK) reported Q2 EPS of $3.48, $0.12 worse than the analyst estimate of $3.60. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.45 billion.

"Mohawk's operating performance in the third quarter should continue to significantly improve, with sales and income strengthening further, even with higher material inflation and changes in patents. We are implementing price increases across most product categories and regions to recover material and currency changes in the third quarter. We will continue optimizing the acquisitions we completed in the second quarter by improving their strategies and enhancing their profitability. Taking all of this into account, our adjusted EPS guidance for the third quarter is $3.70 to $3.79.

GUIDANCE:

Mohawk Industries sees Q3 2017 EPS of $3.70-$3.79, versus the consensus of $3.74.

For earnings history and earnings-related data on Mohawk Industries (MHK) click here.

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