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Dec 31, 2019
Mohawk Q4 2019 Earnings Report
Mohawk Industries reported flat sales and strong cash generation.
Key Takeaways
Mohawk Industries reported Q4 2019 net sales of $2.4 billion, a decrease of 1.0% as reported. Net earnings were $265 million, and EPS was $3.68, including a one-time tax benefit of $136 million. Adjusted EPS was $2.25, excluding restructuring, acquisition and other charges. The company's operating and free cash flow for the quarter were $440 million and $300 million, respectively.
Net sales for the fourth quarter of 2019 were $2.4 billion, down 1.0% as reported.
Net earnings for the fourth quarter of 2019 were $265 million, and EPS was $3.68, including a one-time tax benefit of $136 million.
Adjusted net earnings were $162 million, and EPS was $2.25, excluding restructuring, acquisition and other charges.
Operating and free cash flow for the quarter were $440 million and $300 million, respectively.
Revenue by Segment
Forward Guidance
Mohawk Industries expects EPS for the first quarter of 2020 to be $1.90 to $2.00, excluding any one-time charges. For the full year of 2020, the company expects improved year-over-year results, with performance accelerating during the second half of the year.
Positive Outlook
- Actions to increase sales and distribution
- Actions to reduce costs
- Actions to enhance utilization of new plants
- LVT manufacturing capacity grows with higher speeds and efficiencies
- Enhancing design and features and increasing sales of rigid and flexible offerings
Challenges Ahead
- LVT growth in the U.S.
- Exchange rates
- Excess global capacity
- Market conditions remain challenging across most of our businesses and geographies
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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