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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Mohawk Industries, Inc.
Type
Public
Traded as NYSE: MHK
S&P 500 Component
Industry Conglomerate
Founded Amsterdam, New York
United States (1878 (1878))
Headquarters Calhoun, Georgia, U.S.
Area served
Worldwide
Key people
Jeffrey Lorberbaum
(Chairman & CEO)
Products Flooring
Revenue Increase $ 8.1 billion (FY 2013)
Net income
Increase $ 1.4 billion (FY 2015)
Total assets Increase $ 6.3 billion (FY 2012)
Total equity Increase $ 3.7 billion (FY 2012)
Number of employees
34,200 (December 2015)
Website MohawkInd.com

Mohawk Industries (NYSE: MHK) is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile. The company employs 37,800 in operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.

In 2015, Mohawk was recognized as the most used, top-brand familiarity, and top-quality rating carpet product by the Builder magazine.

William Shuttleworth and his four sons arrived in the United States in 1875 and set up a carpet mill in the Hudson Valley upon arrival. After William Shuttleworth died, the four sons moved to Amsterdam, New York in 1878 and took over an empty factory there. The company incorporated as the Shuttleworth Brothers Company in 1902.

The company adopted the name Mohawk Carpet Mills (or Mohawk Mills, for short) in 1920, when it merged with McCleary, Wallin and Crouse, another mill in Amsterdam. It became the country's sole weaver to offer an entire line of domestic carpets, also creating the industry's first textured design and sculptured weave.

In 1956, Mohawk Carpet Mills merged with Alexander Smith, Inc. to become Mohasco Corporation, a company large enough to appear on the first Fortune 500 rankings. Mohasco faced competition from new tufted carpet operations in Georgia, which used synthetic fibers such as nylon and polyester rather than the traditional wool used in woven carpets. To compete in a changing industry, Mohasco gradually moved manufacturing south into the Carolinas and eventually Georgia. In 1963, the company turned some of its attention to furniture manufacturing.

Carpet manufacturing at the Amsterdam site ended by 1968 and the last corporate offices left by 1987. In 1988, Mohasco was purchased by MHS Holdings in a leveraged buyout, and the company's carpet business was spun off from Mohasco to form Mohawk Industries.[2]

In 1992, Mohawk went public with its shares traded first on the NASDAQ Stock Exchange under the ticker symbol "NMS" and currently on the New York Stock Exchange under the ticker symbol "MHK." Mohasco's remaining assets were sold to other investors, and the company was later dissolved. Through 2016, Mohawk Industries has acquired 34 companies into its conglomerate, and now operates manufacturing facilities in 15 countries—the U.S., Mexico, Brazil, Ireland, the U.K., Belgium, France, the Netherlands, Luxembourg, Spain, Italy, the Czech Republic, Bulgaria, Russia and Malaysia. The company's present Chairman and CEO is Jeffrey Lorberbaum.

Mohawks brands include American Olean, Bigelow, Columbia Wood Flooring, Daltile, Durkan, IVC, Karastan, Kerama Marazzi, Lees, Marazzi, Moduleo, Mohawk, Mohawk Home, Pergo, Quick-Step and Unilin.

In 2009, it was involved in the Supreme Court case Mohawk Industries, Inc. v. Carpenter. The court found against Mohawk Industries, in a 9-0 decision.

Investment goal date:
Dividends reinvested
Mohawk Industries, Inc. MHK report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-03
--
--
Q4 2017
2018-02-07
--
--
Q3 2017
2017-10-26
3.7500
3.6100
Q2 2017
2017-07-27
3.7200
3.4800
Q1 2017
2017-04-27
2.7200
2.6800
Q4 2016
2017-02-09
3.2600
3.1300
Q3 2016
2016-11-03
3.5000
3.6200
Q2 2016
2016-08-04
3.4700
3.4200
Q1 2016
2016-05-05
2.3800
2.3000
Q4 2015
2016-02-25
2.8200
2.5700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
1184192
BlackRock Inc.
4324509
BlackRock Institutional Trust Company, N.A.
1677610
CITADEL ADVISORS LLC
1033629
DIMENSIONAL FUND ADVISORS LP
1027604
Egerton Capital (UK) LLP
1432719
FMR LLC
2690837
JPMORGAN CHASE & CO
4616502
PRINCIPAL FINANCIAL GROUP INC
1207094
RUANE, CUNNIFF & GOLDFARB INC
1319239
Select Equity Group, L.P.
2405122
STATE STREET CORP
2776199
Third Point LLC
950000
Vanguard Group, Inc
5987177
WELLINGTON MANAGEMENT CO LLP
808646
Major Shareholders
Name Relationship
Total Shares
Holding stocks
KOLB DAVID L
0.1500% (107994)
AAN / MHK / PXR /
LORBERBAUM JEFFREY S
0.4300% (315002)
MHK /
FIEDLER JOHN F
0.0200% (11104)
MHK / SNA / WBC /
BRUCKMANN BRUCE
0.3900% (284248)
BONANNO PHYLLIS O
0.0100% (7941)
ADX / BWA / MHK / PEO /
SMITH- PILKINGTON KAREN A
0.0100% (6773)
MHK / MPWR /
WELLBORN CHISTOPHER
0.2300% (164016)
MHK /
ILL RICHARD C
0.0100% (6359)
ARG / GLT / MHK / TGI /
Boykin Frank H
0.0300% (19583)
MHK /
De Cock Frans Georges
0.0200% (12016)
MHK /
Lucke James T
0.0200% (14553)
MHK /
Onorato Joseph A.
0.0200% (13682)
MHK /
Thiers Bernard
0.1000% (70003)
MHK /
Turner John C JR
0.0100% (10806)
MHK /
Carson Brian
0.0300% (18799)
MHK /
% ()