Mohawk Industries Exceeds Wall Street Expectations, Reports Strong Q4 Earnings
Mohawk Industries Inc. (MHK) announced fourth-quarter earnings of $93.2 million, beating the average estimate of $1.88 per share by six analysts surveyed by Zacks Investment Research.
On an adjusted basis, earnings came to $1.95 per share. Revenue for the period was $2.64 billion, exceeding the $2.57 billion expected by five analysts polled by Zacks.
For the full year, Mohawk Industries reported profit of $517.7 million ($8.14 per share) on revenue of $10.84 billion.
These results indicate a strong performance by the flooring maker, surpassing market expectations.