Mohawk Industries, Inc. (MHK) Bundle
A Brief History of Mohawk Industries, Inc. (MHK)
Company Overview
Mohawk Industries, Inc. is a global flooring manufacturer headquartered in Calhoun, Georgia. As of 2024, the company operates with the following key financial metrics:
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $11.4 billion |
| Net Income | $538 million |
| Total Assets | $8.9 billion |
| Market Capitalization | $7.2 billion |
Product Segments
Mohawk Industries operates through three primary business segments:
- Global Ceramic
- Flooring North America
- Flooring Rest of the World
Manufacturing Capabilities
As of 2024, Mohawk Industries maintains the following manufacturing infrastructure:
| Manufacturing Locations | Number of Facilities |
|---|---|
| United States | 45 manufacturing facilities |
| International Locations | 32 manufacturing facilities |
| Total Manufacturing Footprint | 77 facilities |
Financial Performance
Key financial performance indicators for Mohawk Industries in 2023:
- Gross Margin: 28.3%
- Operating Margin: 8.7%
- Earnings Per Share: $7.82
- Return on Equity: 12.4%
Stock Performance
Mohawk Industries stock (MHK) trading information as of January 2024:
| Stock Metric | Value |
|---|---|
| Current Stock Price | $142.35 |
| 52-Week High | $179.20 |
| 52-Week Low | $119.48 |
Global Presence
Geographical revenue distribution for 2023:
| Region | Revenue Contribution |
|---|---|
| North America | 68.5% |
| Europe | 22.3% |
| Rest of World | 9.2% |
A Who Owns Mohawk Industries, Inc. (MHK)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 11,562,404 | 14.53% |
| BlackRock Inc. | 8,847,939 | 11.12% |
| State Street Corporation | 5,414,997 | 6.81% |
Top Individual Shareholders
- Jeffrey S. Lorberbaum - Chairman and CEO
- Hal Lucas - Vice Chairman
- Thomas Taylor - President
Ownership Structure
Public Float: 79,517,000 shares
Insider Ownership: 5.7%
Institutional Investor Breakdown
| Investor Type | Percentage |
|---|---|
| Mutual Funds | 42.3% |
| Investment Advisors | 33.6% |
| Pension Funds | 12.5% |
Mohawk Industries, Inc. (MHK) Mission Statement
Company Overview
Mohawk Industries, Inc. is a global flooring manufacturer headquartered in Calhoun, Georgia. As of 2024, the company operates with the following key financial metrics:
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $11.4 billion |
| Net Income | $603 million |
| Market Capitalization | $8.2 billion |
Mission Statement Components
Mohawk Industries focuses on several core strategic objectives:
- Delivering innovative flooring solutions
- Maintaining sustainable manufacturing practices
- Providing high-quality products across multiple market segments
Strategic Segments
The company operates through three primary business segments:
| Segment | 2023 Revenue Contribution |
|---|---|
| Flooring North America | $5.9 billion |
| Flooring Rest of World | $3.2 billion |
| Ceramic | $2.3 billion |
Sustainability Commitments
Mohawk Industries has established specific sustainability targets:
- Reduce carbon emissions by 30% by 2030
- Increase recycled material usage to 25% in manufacturing
- Achieve zero waste in 15% of manufacturing facilities
Global Presence
Operational statistics as of 2024:
| Geographic Metric | Value |
|---|---|
| Manufacturing Facilities | 41 facilities |
| Countries of Operation | 18 countries |
| Total Employees | 43,000 |
How Mohawk Industries, Inc. (MHK) Works
Company Overview
Mohawk Industries, Inc. is a global flooring manufacturer headquartered in Calhoun, Georgia. As of 2023, the company reported annual revenue of $10.4 billion.
Business Segments
| Segment | Revenue (2023) | Key Products |
| Flooring | $8.2 billion | Carpet, hardwood, laminate, tile |
| Ceramic | $1.6 billion | Porcelain, ceramic tiles |
| Luxury Vinyl Tile | $600 million | Rigid core, waterproof vinyl |
Manufacturing Capabilities
Mohawk operates 21 manufacturing facilities across North America, Europe, and Asia.
- Total manufacturing locations: 21
- Production capacity: 2.8 billion square feet annually
- Global workforce: 43,000 employees
Financial Performance
| Metric | 2023 Value |
| Net Income | $512 million |
| Gross Margin | 33.6% |
| Operating Cash Flow | $1.1 billion |
Distribution Channels
- Retail stores: 45%
- Wholesale distributors: 35%
- Online sales: 20%
Market Presence
Mohawk serves customers in over 170 countries with brands including Mohawk, Quick-Step, Unilin, and Dal-Tile.
How Mohawk Industries, Inc. (MHK) Makes Money
Revenue Streams
Mohawk Industries generates revenue through three primary business segments:
| Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Flooring North America | $6.1 billion | 45% |
| Flooring Rest of World | $2.9 billion | 22% |
| Flooring Global | $4.5 billion | 33% |
Product Categories
Mohawk Industries sells the following product types:
- Carpet
- Hardwood flooring
- Laminate flooring
- Ceramic tile
- Luxury vinyl tile
- Stone flooring
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $13.5 billion |
| Net Income | $778 million |
| Gross Margin | 33.4% |
Sales Channels
Mohawk Industries sells products through:
- Retail flooring stores
- Home improvement centers
- Wholesale distributors
- Online platforms
- Direct commercial sales
Geographic Distribution
| Region | Revenue Contribution |
|---|---|
| United States | 70% |
| Europe | 15% |
| Rest of World | 15% |
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