Mohawk Posts 3Q EPS of $2.72
MHK sits 40% above its 52-week low of $92.99 on elevated volume (2.4× avg).
Summary
Mohawk reported third-quarter EPS of $2.72, with sales of $2.79B and net income of $163.1M, and said it is launching a $500M buyback. The figure lands against a strong prior quarter, when Q2 diluted EPS came in at $3.22 on $2.99B of revenue and management guided Q3 above consensus. The stock's reaction will hinge on how $2.72 compares with the consensus bar set after that bullish July guide.
At the time of this announcement, MHK was trading at $129.99 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $92.99 to $140.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.