Trade Mohawk Industries Inc - MHK CFD

Mohawk Company profile

About Mohawk Industries, Inc.

Mohawk Industries, Inc. is a flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Company's segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). The Global Ceramic segment designs, manufactures, sources and markets a line of ceramic tile, porcelain tile, natural stone, quartz, porcelain slab countertops and other products, which it distributes primarily in North America, Europe, South America and Russia. The Flooring NA segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pads, laminate, resilient and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses. The Flooring ROW segment designs, manufactures, sources, licenses and markets its wood flooring, laminate, roofing elements, insulation boards, medium-density fiberboard and chipboard.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Mohawk Industries, Inc. revenues increased 17% to $11.2B. Net income increased 100% to $1.03B. Revenues reflect Flooring ROW segment increase of 25% to $3.17B, Flooring NA segment increase of 15% to $4.12B, Global Ceramic segment increase of 14% to $3.92B, United States segment increase of 12% to $6.18B, Europe segment increase of 25% to $3.12B, Rest of World segment increase of 26% to $1.45B.

Equity composition

Common Stock $.01 Par, 4/11, 150M auth., 79,760,000 issd., less 11,035,000 shs. in Treas. @ $323.6M. Insiders own 19.51%. IPO 3/92, 2.7M shares @ $15by First Boston(FB). PO 4/93, 2M shares @ $30.50 by FB; 3/98, 4.5M shares @ $25.50 by CS FB. 12/97, 8/93, 3-for-2 splits. FY'03 & Qs are reclassified. 9/03 = 9 months.