Mohawk reported 1% sales growth and generated $390 million in free cash flow, but demand softened and fewer shipping days are expected next quarter. These results point in different directions, leaving the company’s outlook broadly unchanged.
Mohawk’s cash generation and price increases show it is managing higher costs and returning cash to owners. But demand weakened, especially in homebuilding, and fewer shipping days are expected next quarter. The positives and strains point in different directions.
Follow Mohawk Industries (MHK) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for MHK