Type
|
Public |
---|---|
Traded as | NYSE: MHK S&P 500 Component |
Industry | Conglomerate |
Founded | Amsterdam, New York United States (1878 (1878)) |
Headquarters | Calhoun, Georgia, U.S. |
Area served
|
Worldwide |
Key people
|
Jeffrey Lorberbaum (Chairman & CEO) |
Products | Flooring |
Revenue | $ 8.1 billion (FY 2013) |
Net income
|
$ 1.4 billion (FY 2015) |
Total assets | $ 6.3 billion (FY 2012) |
Total equity | $ 3.7 billion (FY 2012) |
Number of employees
|
34,200 (December 2015) |
Website | MohawkInd.com |
Mohawk Industries (NYSE: MHK) is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile. The company employs 37,800 in operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.
In 2015, Mohawk was recognized as the most used, top-brand familiarity, and top-quality rating carpet product by the Builder magazine.
William Shuttleworth and his four sons arrived in the United States in 1875 and set up a carpet mill in the Hudson Valley upon arrival. After William Shuttleworth died, the four sons moved to Amsterdam, New York in 1878 and took over an empty factory there. The company incorporated as the Shuttleworth Brothers Company in 1902.
The company adopted the name Mohawk Carpet Mills (or Mohawk Mills, for short) in 1920, when it merged with McCleary, Wallin and Crouse, another mill in Amsterdam. It became the country's sole weaver to offer an entire line of domestic carpets, also creating the industry's first textured design and sculptured weave.
In 1956, Mohawk Carpet Mills merged with Alexander Smith, Inc. to become Mohasco Corporation, a company large enough to appear on the first Fortune 500 rankings. Mohasco faced competition from new tufted carpet operations in Georgia, which used synthetic fibers such as nylon and polyester rather than the traditional wool used in woven carpets. To compete in a changing industry, Mohasco gradually moved manufacturing south into the Carolinas and eventually Georgia. In 1963, the company turned some of its attention to furniture manufacturing.
Carpet manufacturing at the Amsterdam site ended by 1968 and the last corporate offices left by 1987. In 1988, Mohasco was purchased by MHS Holdings in a leveraged buyout, and the company's carpet business was spun off from Mohasco to form Mohawk Industries.[2]
In 1992, Mohawk went public with its shares traded first on the NASDAQ Stock Exchange under the ticker symbol "NMS" and currently on the New York Stock Exchange under the ticker symbol "MHK." Mohasco's remaining assets were sold to other investors, and the company was later dissolved. Through 2016, Mohawk Industries has acquired 34 companies into its conglomerate, and now operates manufacturing facilities in 15 countries—the U.S., Mexico, Brazil, Ireland, the U.K., Belgium, France, the Netherlands, Luxembourg, Spain, Italy, the Czech Republic, Bulgaria, Russia and Malaysia. The company's present Chairman and CEO is Jeffrey Lorberbaum.
Mohawks brands include American Olean, Bigelow, Columbia Wood Flooring, Daltile, Durkan, IVC, Karastan, Kerama Marazzi, Lees, Marazzi, Moduleo, Mohawk, Mohawk Home, Pergo, Quick-Step and Unilin.
In 2009, it was involved in the Supreme Court case Mohawk Industries, Inc. v. Carpenter. The court found against Mohawk Industries, in a 9-0 decision.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-26 | Future report Set alerts | |
Q2 2022 | 2022-07-28 | 4.41 | 4.41 |
Q1 2022 | 2022-04-28 | 3.78 | 3.78 |
Q4 2021 | 2022-02-10 | 2.95 | 2.95 |
Q3 2021 | 2021-10-28 | 3.95 | 3.95 |
Q2 2021 | 2021-07-29 | 4.45 | 4.45 |
Q1 2021 | 2021-04-29 | 3.49 | 3.49 |
Q4 2020 | 2021-02-11 | 3.54 | 3.54 |
Q3 2020 | 2020-10-29 | 3.26 | 3.26 |
Q2 2020 | 2020-08-06 | 0.37 | 0.37 |
2016-07-06 | Reiterated Rating | Goldman Sachs Group Inc. | Buy | |
2016-06-28 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-05-23 | Initiated Coverage | Topeka Capital Markets | Hold | $185.00 |
2016-05-08 | Reiterated Rating | Robert W. Baird | Buy | |
2016-04-12 | Initiated Coverage | MKM Partners | Buy | $244.00 |
2016-04-07 | Boost Price Target | Barclays | Buy | $200.00 to $215.00 |
2016-04-07 | Boost Price Target | Barclays PLC | Buy | $200.00 to $215.00 |
2016-03-28 | Boost Price Target | RBC Capital | Outperform | $205.00 to $218.00 |
2016-03-28 | Boost Price Target | Royal Bank Of Canada | Outperform | $205.00 to $218.00 |
2016-03-15 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $205.00 to $215.00 |
2016-02-29 | Boost Price Target | RBC Capital | Outperform | $195.00 to $205.00 |
2016-02-29 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $235.00 to $205.00 |
2016-02-29 | Lower Price Target | Barclays | Overweight | $201.00 to $200.00 |
2016-02-23 | Lower Price Target | Raymond James | Strong-Buy | $240.00 to $220.00 |
2016-02-23 | Lower Price Target | Raymond James Financial Inc. | Strong-Buy | $240.00 to $220.00 |
2016-01-20 | Lower Price Target | Barclays | Overweight | $221.00 to $201.00 |
2015-12-22 | Reiterated Rating | Barclays | Buy | |
2015-12-21 | Lower Price Target | Barclays | Overweight | $222.00 to $221.00 |
2015-11-09 | Reiterated Rating | Barclays | Buy | $242.00 to $222.00 |
2015-11-09 | Reiterated Rating | Cantor Fitzgerald | Hold | $193.00 to $201.00 |
2015-11-09 | Lower Price Target | RBC Capital | Outperform | $237.00 to $211.00 |
2015-11-06 | Lower Price Target | Raymond James | $250.00 to $240.00 | |
2015-11-03 | Initiated Coverage | Robert W. Baird | Outperform | $224.00 |
2015-10-13 | Reiterated Rating | Barclays | Outperform | $225.00 to $242.00 |
2015-10-06 | Initiated Coverage | Goldman Sachs | Buy | $232.00 |
2015-10-06 | Initiated Coverage | Goldman Sachs Group Inc. | Buy | $232.00 |
2015-08-11 | Reiterated Rating | Barclays | Buy | |
2015-08-10 | Reiterated Rating | Stifel Nicolaus | Buy | $212.00 to $225.00 |
2015-08-10 | Reiterated Rating | Cantor Fitzgerald | Hold | $193.00 |
2015-08-10 | Boost Price Target | Barclays | Overweight | $220.00 to $225.00 |
2015-08-10 | Boost Price Target | RBC Capital | Outperform | $210.00 to $237.00 |
2015-08-07 | Upgrade | Evercore ISI | Hold to Buy | $230.00 |
2015-07-02 | Reiterated Rating | Barclays | Overweight | $230.00 |
2015-06-10 | Initiated Coverage | Cantor Fitzgerald | Hold | $174.00 |
2015-06-10 | Boost Price Target | Barclays | Overweight | $210.00 to $220.00 |
2015-05-12 | Reiterated Rating | RBC Capital | Outperform | $209.00 to $210.00 |
2015-05-11 | Boost Price Target | Stifel Nicolaus | Buy | $202.00 to $212.00 |
2015-02-23 | Initiated Coverage | Credit Suisse | Buy | $200.00 |
2015-02-23 | Boost Price Target | Barclays | Overweight | $179.00 to $210.00 |
2015-02-23 | Downgrade | Evercore ISI | Buy to Hold | |
2015-02-23 | Boost Price Target | Stifel Nicolaus | Buy | $180.00 to $195.00 |
2015-01-15 | Boost Price Target | Credit Suisse | Outperform | $166.00 to $180.00 |
2015-01-15 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $170.00 to $180.00 |
2015-01-15 | Boost Price Target | Barclays | Overweight | $165.00 to $179.00 |
2015-01-15 | Boost Price Target | Stifel Nicolaus | Buy | $155.00 to $180.00 |
2015-01-14 | Boost Price Target | RBC Capital | Outperform | $169.00 to $178.00 |
2014-11-03 | Reiterated Rating | Barclays | Overweight | $164.00 to $165.00 |
2014-10-31 | Upgrade | Raymond James | Outperform to Strong-Buy | $150.00 to $165.00 |
2014-10-13 | Reiterated Rating | Barclays | Overweight | $163.00 to $164.00 |
2014-08-04 | Reiterated Rating | Barclays | Overweight | $164.00 to $163.00 |
2014-07-11 | Lower Price Target | Barclays | Overweight | $165.00 to $164.00 |
2014-07-02 | Reiterated Rating | Barclays | Overweight | $166.00 to $165.00 |
2014-05-02 | Upgrade | Raymond James | Market Perform to Outperform | $150.00 |
2014-04-28 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-03-31 | Lower Price Target | Barclays | $167.00 to $166.00 | |
2014-02-24 | Boost Price Target | Stifel Nicolaus | Buy | $160.00 to $165.00 |
2014-02-21 | Downgrade | JPMorgan Chase & Co. | Strong-Buy to Market Perform | $160.00 |
2014-02-21 | Downgrade | Raymond James | Strong-Buy to Market Perform | $160.00 |
2014-01-27 | Boost Price Target | Barclays | Overweight | $161.00 to $171.00 |
2014-01-27 | Initiated Coverage | Evercore ISI | Strong-Buy | |
2014-01-27 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | $150.00 to $170.00 |
2014-01-13 | Downgrade | Ned Davis Research | Buy to Neutral | |
2013-12-12 | Boost Price Target | Stifel Nicolaus | Buy | $155.00 to $160.00 |
2013-12-09 | Initiated Coverage | Goldman Sachs | Neutral to Buy | $173.00 |
2013-12-09 | Upgrade | Credit Suisse | Neutral to Outperform | |
2013-11-04 | Boost Price Target | Barclays | Overweight | $151.00 to $161.00 |
2013-11-04 | Boost Price Target | Credit Suisse | Neutral | $137.00 to $142.00 |
2013-11-04 | Reiterated Rating | JPMorgan Chase & Co. | Hold | $138.00 |
2013-11-04 | Boost Price Target | RBC Capital | Outperform | $146.00 to $162.00 |
2013-11-01 | Boost Price Target | Raymond James | Strong-Buy | $150.00 to $160.00 |
2013-10-09 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $133.00 to $138.00 |
2012-08-06 | Reiterated | Stifel Nicolaus | Buy | $84 to $79 |
2016-07-06 | Reiterated Rating | Goldman Sachs Group Inc. | Buy | |
2016-06-28 | Reiterated Rating | Credit Suisse Group AG | Buy | |
2016-05-23 | Initiated Coverage | Topeka Capital Markets | Hold | $185.00 |
2016-05-08 | Reiterated Rating | Robert W. Baird | Buy | |
2016-04-12 | Initiated Coverage | MKM Partners | Buy | $244.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In MHK 345 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 6.03M |
FMR LLC | 4.24M |
BlackRock Inc. | 4.02M |
Boston Partners | 3.52M |
STATE STREET CORP | 2.31M |
JPMORGAN CHASE & CO | 2.22M |
PZENA INVESTMENT MANAGEMENT LLC | 2.03M |
ARIEL INVESTMENTS, LLC | 1.96M |
PRICE T ROWE ASSOCIATES INC /MD/ | 1.74M |
SHAPIRO CAPITAL MANAGEMENT LLC | 1.72M |
BlackRock Institutional Trust Company, N.A. | 1.68M |
DIMENSIONAL FUND ADVISORS LP | 1.62M |
GEODE CAPITAL MANAGEMENT, LLC | 1.21M |
BlackRock Fund Advisors | 1.18M |
Invesco Ltd. | 1.03M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
BRUCKMANN BRUCE | 0.39% (282672) | CLUB / HCCI / HEES / MHK / MWIV / |
BALCAEN FILIP | 0.29% (208967) | MHK / |
WELLBORN CHISTOPHER President and COO | 0.22% (159656) | MHK / |
KOLB DAVID L | 0.15% (107994) | AAN / MHK / PXR / |
Thiers Bernard President-Unilin | 0.08% (55156) | MHK / |
LORBERBAUM JEFFREY S Chairman and CEO | 0.06% (45187) | MHK / |
Carson Brian President-Mohawk Flooring | 0.03% (19717) | MHK / |
Boykin Frank H CFO | 0.02% (17505) | MHK / |
Lucke James T VP & General Counsel | 0.02% (14553) | MHK / |
Onorato Joseph A. | 0.02% (14213) | MHK / |
De Cock Frans Georges | 0.02% (14016) | MHK / |
FIEDLER JOHN F | 0.02% (11104) | MHK / SNA / WBC / |
Turner John C JR President-Dal-Tile | 0.01% (10412) | MHK / |
BONANNO PHYLLIS O | 0.01% (7941) | ADX / BWA / MHK / PEO / |
SMITH- PILKINGTON KAREN A | 0.01% (7293) | MHK / MPWR / |
ILL RICHARD C | 0.01% (6857) | ARG / GLT / MHK / TGI / |
Patton Rodney David General Counsel - VP | 0.01% (6770) | MHK / |
Brunk James Corporate Controller and CAO | 0.01% (3846) | MHK / |