Mohawk Industries Reports Q4 Results
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Mohawk Industries (MHK) Tops Q4 EPS by 67c, Revenues Beat
February 11, 2021 4:13 PM ESTMohawk Industries (NYSE: MHK) reported Q4 EPS of $3.54, $0.67 better than the analyst estimate of $2.87. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.49 billion.
Commenting on Mohawk Industries fourth quarter performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, Our fourth quarter results exceeded our expectations as we posted our highest ever quarterly sales. All of our markets saw strengthening residential purchases, with laminate, LVT and sheet vinyl outperforming other flooring categories. Commercial activity remains weak and impacted sales and margins in the businesses where we have significant participation. Our results improved with... More
