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MHK – Market expectations are for Uniform ROA to remain stable, and management is confident about their production, plant consolidation, and sales

April 14, 2021

  • Mohawk Industries, Inc. (MHK:USA) currently trades well below corporate averages relative to UAFRS-based (Uniform) earnings, with a 19.6x Uniform P/E. At these levels, the market is pricing in profitability to remain stable, and management is confident about production levels, ceramic plant consolidation, and residential sales

  • Specifically, management is confident they will see production running at higher levels, that their ceramic plant consolidation should be completed by the end of the first quarter, and that residential sales were stronger than prior quarters