Mohawk Reports Strong 4Q Results and Record Full-Year Performance; We See Stronger Growth Ahead
Mohawk Industries reported very good fourth-quarter results: Consolidated revenue grew 8.5% year over year to $2.4 billion, adjusted operating margin expanded 40 basis points to 15.1%, and adjusted EPS increased 5% to $3.42. Mohawk’s fourth-quarter revenue was about in line with the consensus estimate, but adjusted EPS beat consensus by $0.10. Full-year revenue grew about 6% year over year to $9.5 billion, and full-year adjusted EPS increased 8% to $13.61. While the no-moat manufacturer of floor...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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