Mohawk Industries Beats on Revenue, Matches Expectations on EPS
Mohawk Industries (NYS: MHK) filed its 10-K on Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Mohawk Industries beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share dropped.
Margins shrank across the board.
Mohawk Industries reported revenue of $1.38 billion. The 12 analysts polled by S&P Capital IQ expected to see revenue of $1.33 billion on the same basis. GAAP reported sales were 9.2% higher than the prior-year quarter's $1.26 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.72. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.72 per share on the same basis. GAAP EPS of $0.62 for Q4 were 6.1% lower than the prior-year quarter's $0.66 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.7%, 120 basis points worse than the prior-year quarter. Operating margin was 5.4%, 30 basis points worse than the prior-year quarter. Net margin was 3.1%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $5.95 billion. The average EPS estimate is $3.52.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 138 members rating the stock outperform and 52 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Mohawk Industries a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mohawk Industries is hold, with an average price target of $60.70.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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