Mohawk Industries, Inc.: Initiation of Coverage – These Are The 4 Fundamental Factors Influencing Its Performance In 2024 & Beyond! 

This is our first report on flooring products manufacturer, Mohawk Industries. The company reported its fourth quarter performance and provided guidance for the first quarter of 2024. Net sales for the quarter were approximately $2.6 billion, down 1.4% or 4.1% on a constant and legacy basis. The company’s adjusted earnings per share (EPS) for the quarter was $1.96. Mohawk Industries’ annual net sales were roughly $11.1 billion, down around 5% or 7.7% on a constant basis with an adjusted EPS of $9.19.