QUOTE AND NEWS
Benzinga  May 3  Comment 
Mohawk Industries, Inc. (NYSE: MHK) announced today that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer. The transaction was previously announced on January 28, 2013. The total value of the acquisition was...
StreetInsider.com  May 2  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Guidance/Mohawk+Industries+%28MHK%29+Tops+Q1+EPS+by+2c%3B+Guides+Q2+EPS+Above+Views/8301331.html for the full story.
Market Intelligence Center  May 1  Comment 
Mohawk Industries Inc. (NYSE: MHK) closed Tuesday's trading session at $110.88. In the past year, the stock has hit a 52-week low of $62.22 and 52-week high of $117.97. Mohawk Industries (MHK) stock has been showing support around $108.28 and...
Market Intelligence Center  Apr 25  Comment 
Mohawk Industries Inc. (NYSE: MHK) closed Wednesday's trading session at $113.98. In the past year, the stock has hit a 52-week low of $62.22 and 52-week high of $117.97. Mohawk Industries (MHK) stock has been showing support around $111.92 and...
Benzinga  Apr 3  Comment 
Mohawk Industries (NYSE: MHK) today announced that it has completed the acquisition of the Marazzi Group for approximately $1.5 billion with a combination of cash and equity giving Mohawk the leading position in worldwide ceramic tile. The Marazzi...
Market Intelligence Center  Apr 3  Comment 
Mohawk Industries Inc. (NYSE: MHK) closed Tuesday's trading session at $111.32. In the past year, the stock has hit a 52-week low of $60.21 and 52-week high of $115.32. Mohawk Industries (MHK) stock has been showing support around $109.09 and...
Market Intelligence Center  Mar 27  Comment 
Mohawk Industries Inc. (NYSE: MHK) closed Tuesday's trading session at $113.00. In the past year, the stock has hit a 52-week low of $60.21 and 52-week high of $115.32. Mohawk Industries (MHK) stock has been showing support around $110.63 and...
Market Intelligence Center  Mar 11  Comment 
Mohawk Industries Inc. (NYSE: MHK) closed Friday's trading session at $112.30. In the past year, the stock has hit a 52-week low of $60.21 and 52-week high of $113.73. Mohawk Industries (MHK) stock has been showing support around $109.92 and...
tickerspy.com  Mar 4  Comment 
With the housing market in the beginning of a recovery, home improvement stocks have been hot. BullMarket.com recently looked at a number of stocks set to benefit from both the housing recovery as well as rebuilding from Hurricane Sandy, including...




 

Mohawk Industries (NYSE:MHK) makes flooring, including tiling and rugs, for homes and businesses. The company is the second largest carpet and rug manufacturer in the US.[1] Mohawk and Shaw Industries controlled a combined 45% of the U.S. flooring market. Since only a handful of companies manufacture flooring, but many companies distribute it, Mohawk and Shaw have high pricing power. Only 5% of Mohawk's sales are via Home Depot (HD) or Lowe's Companies (LOW). This fragmented distribution helps Mohawk control pricing. The company generated $5.3 billion in revenue but incurred a net loss of $5 million in 2009.[2]

Petrochemicals account for between two-thirds and three-fourths of the cost of production of resin, a key input when making carpets, and so rising Oil Prices directly affect Mohawk's costs of production. The U.S. Housing Market also influences the flooring industry, but Mohawk has been partially insulated from the subprime-related housing crash since half of total flooring shipments go to replacement issues rather than new homes. Mohawk also has some immunity from the housing crash because a quarter of Mohawk's sales are to commercial real estate customers. Still, the company's sales fell by 22% in 2009 due to the weak housing market and sluggish economy.[2]

Company Overview

Mohawk products include carpets, ceramic tiles, hardwood, resilient, and laminate. These products are marketed under the Mohawk brands Aladdin, Bigelow, Custom Weave, Karastan, and Mohawk Home. 85% of Mohawk's net sales were from North America, with the remaining 15% coming from international sales.[1]

Business Segments[3]

  • Mohawk: the company designs, manufactures, distributes and markets thousands of styles of carpet and rugs in a broad range of colors, textures and patterns. In addition, the Mohawk segment markets and distributes ceramic tile, laminate, hardwood, resilient floor covering, carpet pad and flooring accessories. The brands in the segment are Mohawk, Horizon, and WundaWeve among others.
  • Dal-Tile: this segment designs, manufactures, distributes and markets a broad line of ceramic tile, porcelain tile and natural stone products. Products are distributed through separate distribution channels consisting of retailers, contractors, commercial users, independent distributors and home centers. The two main brands are Dal-Tile and American Olean.
  • Unilin: this segment designs, manufactures, licenses, distributes and markets laminate and hardwood flooring in Europe and the U.S. It also designs and manufactures roofing systems, insulation panels and other wood products in Europe. Products are distributed through separate distribution channels consisting of retailers, independent distributors and home centers. Unilin U.S. operations also manufacture Mohawk branded laminate and hardwood flooring which sells through the Mohawk channel. The majority of Unilin’s laminate sales, both in the U.S. and Europe, are for residential replacement.

Business Growth

It was dark when I woke. This is a ray of susnhine.

Until I found this I thouhgt I'd have to spend the day inside.

Competition

  • Mohawk Industries (NYSE:MHK) - World's largest tile, hardwood, and natural stone flooring manufacturer.
  • Shaw Industries, Inc. - World's largest carpet and rug manufacturer, owned by Berkshire Hathaway (BRK)
  • Dixie Group (NASDAQ:DXYN) - Sells high end carpet and rugs, commercially and residentially.
  • Interface (NASDAQ:IFSIA) - World's number 1 producer of commercial carpets.
  • Cavalier Corporation (NZE:CAV)- Specializes in carpet, carpet tile, wool procurement, and wool scouring.
  • Victoria PLC (LON:VCP)- Sells high end Victorian carpets in Europe.
  • Tai Ping Carpets Group (HKG:0146)- Manufactures carpets, yarns, and mattresses throughout Europe.
  • Beaulieu of America- Third largest carpet manufacturer in the world.

References

  1. 1.0 1.1 MHK 2009 10-K "General" pg. 1
  2. 2.0 2.1
  3. MHK 2009 10-K "Sales and Distribution" pg. 4-6
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