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Mohawk Industries, Inc. (MHK) designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, and internationally. 
It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products. This segment markets and distributes its products under the American Olean, Daltile, Eliane, EmilGroup, KAI, Kerama Marazzi, Marazzi, and Ragno brands.
The Flooring NA segment offers floor covering product lines in a range of colors, textures, and patterns, including carpets, carpet tiles, rugs and mats, carpet pads, hardwood, laminate, medium-density fiberboards, luxury vinyl tiles (LVT), and sheet vinyl products. This segment markets and distributes its flooring products under the Aladdin Commercial, Durkan, IVC, Karastan, Mohawk, Mohawk Group, Mohawk Home, Pergo, Portico, and Quick-Step brands.
The Flooring ROW segment provides wood flooring and vinyl flooring, as well as laminates, roofing elements, sheet vinyl, LVT, insulation boards, medium-density fiberboards, chipboards, and other woods products under the Feltex, Godfrey Hirst, Hycraft, IVC Commercial, IVC Home, Leoline, Moduleo, Pergo, Quick-Step, and Unilin and Xtratherm brands; and licenses its intellectual property to flooring manufacturers.
Shares have formed a bullish "flag" following the company's latest quarterly report. On April 28th, it reported 1st Quarter March 2022 earnings of $3.78 per share on revenue of $3.0 billion. The consensus earnings estimate was $2.89 per share on revenue of $2.9 billion. Revenue grew 13.0% on a year-over-year basis.
The company said it expects second quarter earnings of $4.25 to $4.35 per share. The previous consensus earnings estimate was $3.40 per share for the quarter ending June 30, 2022. Higher share prices are expected for this stock.
Entry Point: $157.00
Stop Loss: $149.00
Trading Range: $117.56 to 231.80
Target Price: $174.00
