Mohawk Had a Challenging 2018, but Capacity Additions Position the Firm for Future Growth
It was a tough 2018 for Mohawk Industries to say the least. Shares of the no-moat-rated flooring manufacturer, once a Wall Street darling due to its impressive track record of beating earnings expectations, reached an all-time high of $285 in late 2017 before plunging over 60% to a low of $111 per share by the end of 2018. The drastic change in investor sentiment occurred amid a string of earnings misses as the firm grappled with an assortment of headwinds, including slowing end-market demand, r...Mohawk Industries is a global flooring manufacturer for residential and commercial spaces around the world. The company has three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic, porcelain and natural stone tile products used for floor and wall applications; Flooring North America, which designs, manufactures, sources and distributes broadloom carpet, carpet tile, rugs and mats, carpet pad, laminate, medium-density fiberboard, luxury vinyl tile (LVT) and sheet vinyl; and Flooring Rest of the World, which designs, manufactures, sources and distributes laminate, LVT and sheet vinyl, wood flooring, broadloom carpet and carpet tile collections.
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