Mohawk Industries (MHK) PT Lowered to $140 at Raymond James

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Go back to Mohawk Industries (MHK) PT Lowered to $140 at Raymond James

Mohawk Industries (MHK) Tops Q3 EPS by 12c

October 24, 2019 4:23 PM EDT

Mohawk Industries (NYSE: MHK) reported Q3 EPS of $2.75, $0.12 better than the analyst estimate of $2.63. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.51 billion.

We are progressing on many initiatives to improve our business, with the most significant of these being aligning ceramic production with demand in the U.S., realigning our North American carpet operations, optimizing our LVT manufacturing and ramping up our new plants. In addition, we are entering new product categories, introducing innovative product extensions and optimizing our recent acquisitions in Australia, New Zealand and... More