NYSE$MHK
Mohawk Industries Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Mohawk Industries reported mixed results with increased sales but decreased earnings compared to the previous year.
Mohawk Industries reported Q4 2021 net sales of $2.8 billion, a 4.5% increase as reported and 11.8% on a constant currency and days basis. Net earnings were $189 million, with an EPS of $2.80. Adjusted net earnings were $199 million, and EPS was $2.95, excluding restructuring, acquisition, and other charges.
- Q4 sales increased by 4.5% as reported and 11.8% on a constant currency and days basis.
- Net earnings decreased to $189 million, with EPS at $2.80.
- Operating margins for the year rose dramatically to approximately 12%.
- Company purchased approximately 2.4 million additional shares of stock during the fourth quarter.
Headline financials
Revenue & EPS history
Mohawk · Revenue · Quarterly
$2.76B
Revenue by segment
Mohawk · $2.76B total across 3 segments · Q4 2021
- Flooring NA$1.02B+5.4%36.8%
- Global Ceramic$950M+3.2%34.4%
- Flooring ROW$796M+4.9%28.8%
Forward guidance
The company anticipates first quarter adjusted EPS to be $2.90 to $3.00, excluding any restructuring charges. In the second half, margins are expected to improve as capacity expands, inflation moderates and pricing aligns.
Tailwinds
- GDP is expected to grow 3 to 5% in most markets.
- Residential sales are expected to remain strong and commercial sales improving.
- Interest rates will likely rise but should remain historically favorable.
- Inflation is anticipated to moderate during the year.
- Constraints in labor, material and energy declining.
Headwinds
- Significant short-term material, energy and transportation inflation is affecting all businesses.
- Reengineering formulations, reducing spending and improving efficiencies to offset inflation.
- European ceramic business has been the most impacted by accelerating energy costs.
- European ceramic business anticipated to create a $40-$45 million headwind in the first quarter, net of price increases.
- Implementing price increases and have announced additional ones across products and geographies.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+0.6%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-0.5%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+26.4%
Q2 2024
Best reaction
-22.0%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.8% | -1.1% | +1.9% | |
| Q4 2025 | -0.7% | -1.9% | -23.2% | |
| Q3 2025 | -7.1% | -8.8% | -14.7% | |
| Q1 2025 | -1.9% | -5.3% | -5.5% | |
| Q4 2024 | -1.3% | -4.3% | -4.1% | |
| Q3 2024 | -13.7% | -12.7% | -8.5% | |
| Q2 2024 | +26.4% | +27.5% | +24.0% | |
| Q1 2024 | +3.6% | +3.5% | +4.5% | |
| Q4 2023 | +1.0% | +5.8% | +11.7% | |
| Q3 2023 | -2.1% | +2.8% | +7.4% | |
| Q2 2023 | -7.8% | -7.1% | -17.3% | |
| Q1 2023 | +11.6% | +6.5% | +0.3% | |
| Q4 2022 | -4.4% | -3.2% | -19.1% | |
| Q3 2022 | -1.9% | -3.6% | +4.4% | |
| Q2 2022 | -5.1% | -11.3% | -19.1% | |
| Q1 2022 | +12.0% | +21.6% | +12.6% | |
| Q4 2021 | -8.5% | -5.9% | -16.8% | |
| Q3 2021 | -8.1% | -9.6% | -9.0% | |
| Q2 2021 | +2.6% | +4.9% | +7.2% | |
| Q1 2021 | -1.1% | +5.8% | +1.4% | |
| Q4 2020 | +5.9% | +7.0% | +18.2% | |
| Q3 2020 | +11.9% | +26.9% | +41.6% | |
| Q2 2020 | +0.6% | +7.2% | +8.5% | |
| Q1 2020 | -1.1% | +1.8% | +25.3% | |
| Q4 2019 | +3.6% | -1.3% | -27.6% | |
| Q3 2019 | +12.2% | +12.6% | +9.2% | |
| Q2 2019 | -16.6% | -18.9% | -27.4% | |
| Q1 2019 | -5.3% | +1.6% | +8.8% | |
| Q4 2018 | +6.6% | +12.3% | +3.6% | |
| Q3 2018 | -22.0% | -16.0% | -14.0% | |
| Q2 2018 | -18.3% | -15.9% | -13.3% | |
| Q1 2018 | -4.3% | -5.0% | -6.1% | |
| Q4 2017 | -6.8% | -6.1% | -8.5% | |
| Q3 2017 | +0.5% | -0.5% | +4.7% | |
| Q2 2017 | +3.5% | +5.0% | +2.9% | |
| Q1 2017 | -1.5% | -2.7% | -1.0% | |
| Q4 2016 | +4.0% | +4.7% | +7.6% | |
| Q3 2016 | +6.8% | +9.3% | +6.4% | |
| Q2 2016 | +2.6% | +1.8% | +2.6% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +4.6% | — | — | |
| Q3 2015 | -5.6% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | +5.0% | — | — | |
| Q4 2014 | +7.3% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q2 2013 | +9.2% | — | — | |
| Q1 2013 | +6.8% | — | — | |
| Q4 2012 | +3.1% | — | — | |
| Q3 2012 | +3.9% | — | — | |
| Q2 2012 | +6.2% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -5.7% | — | — | |
| Q1 2010 | +7.7% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q3 2009 | -7.3% | — | — | |
| Q3 2010 | -7.3% | — | — | |
| Q4 2009 | +8.7% | — | — | |
| Q2 2009 | +8.7% | — | — | |
| Q2 2010 | +8.7% | — | — |
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