Mohawk Industries (NYSE:MHK) Misses Q2 Revenue Estimates, But Stock Soars 9.7% On Q3 Guide

By Yahoo! Finance | Jul 25, 2024 at 05:26 PM EST

Mohawk Industries reported a revenue decline in Q2 CY2024, but improved profits. The company attributes this to sales initiatives and cost containment. Despite challenges in the market, analysts expect sales to grow. While the company showed weak cash profitability, it is taking restructuring actions to align with current conditions.

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