MHK

Mohawk Industries Reports Q1 Results

Retrieved on: 
Thursday, April 25, 2024
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Commenting on the Company’s first quarter results, Chairman and CEO Jeff Lorberbaum stated, “Though economic headwinds are impacting industry sales, margins and mix, our first quarter results reflected the positive effect of actions we are taking to enhance our performance.

Key Points: 
  • Commenting on the Company’s first quarter results, Chairman and CEO Jeff Lorberbaum stated, “Though economic headwinds are impacting industry sales, margins and mix, our first quarter results reflected the positive effect of actions we are taking to enhance our performance.
  • Our teams remain focused on managing through the near-term environment, realizing sales opportunities, reducing controllable costs and completing restructuring initiatives.
  • Our results were impacted by pricing pressures as we passed through lower input costs in highly competitive markets.
  • The flooring industry appears to be at the bottom of this cycle, and we are managing the controllable aspects of our business to improve our results.

Mohawk Industries, Inc. Invites You to Join the First Quarter 2024 Earnings Conference Call

Retrieved on: 
Friday, April 5, 2024
MHK, Mohawk Industries

CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.

Key Points: 

CALHOUN, Ga., April 05, 2024 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries, Inc. (NYSE: MHK) First Quarter 2024 earnings release on Thursday, April 25, 2024, you are invited to listen to the conference call that will be broadcast live on Friday, April 26, 2024, at 11:00 am ET.

Simpluris Inc: If you purchased or otherwise acquired the common stock of Mohawk Industries, Inc. ("Mohawk") in the Mohawk Industries Retirement Plan 1 and/or the Mohawk Industries Retirement Plan 2 (collectively "the Plan") between April 27, 2017, and Ju

Retrieved on: 
Monday, March 18, 2024
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COSTA MESA, Calif., March 18, 2024 /PRNewswire/ -- Simpluris Inc. announces that a proposed settlement has been reached in a class action lawsuit known as Evans v. Mohawk Industries, Inc., Case No. N20C-01-259 KMM (the "Action"), and the Court in charge of the case is the Superior Court for the State of Delaware.

Key Points: 
  • This is a class action on behalf of all those who purchased or acquired Mohawk common stock in the Mohawk Industries Retirement Plan 1 and/or the Mohawk Industries Retirement Plan 2 (collectively "the Plan") between April 27, 2017, and July 25, 2019, (the "Class Period").
  • The Plaintiff accuses Mohawk of misrepresenting important information about its financial state in violation of certain laws, including the Securities Act of 1933.
  • To avoid the additional cost, disruption, uncertainty, and delay of continuing this lawsuit, the parties have agreed to a settlement.
  • The money remaining in the Fund after these deductions have been made is called the Net Settlement Fund.

Mohawk Industries Reports Q4 Results

Retrieved on: 
Thursday, February 8, 2024
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Commenting on the Company’s fourth quarter and full year results, Chairman and CEO Jeff Lorberbaum stated, “Our fourth quarter results were ahead of our expectations, with benefits from cost containment, productivity and lower input costs.

Key Points: 
  • Commenting on the Company’s fourth quarter and full year results, Chairman and CEO Jeff Lorberbaum stated, “Our fourth quarter results were ahead of our expectations, with benefits from cost containment, productivity and lower input costs.
  • We also have invested in sales resources, merchandising and new products with innovative features to inspire consumers to purchase flooring.
  • In both countries, demand significantly declined last year due to rising interest rates and slowing economic conditions, which reduced our results.
  • As the world’s largest flooring company, we believe we are uniquely positioned to improve our results as the market recovers.”

MHK Ranked #1 Best in KLAS for Payer Care Management Solutions

Retrieved on: 
Wednesday, February 7, 2024
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TAMPA, Fla., Feb. 7, 2024 /PRNewswire/ -- MHK, a leading healthcare technology provider and part of the Hearst Health network, today announced that it ranked #1 in the 2024 Best in KLAS: Software & Services Report for the Payer Care Management Solutions category with its CareProminence clinical technology platform. 

Key Points: 
  • TAMPA, Fla., Feb. 7, 2024 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, today announced that it ranked #1 in the 2024 Best in KLAS: Software & Services Report for the Payer Care Management Solutions category with its CareProminence clinical technology platform.
  • Every year, KLAS Research compiles its Best in KLAS: Software and Services report by gathering direct input from a multitude of organizations regarding their use of information technology.
  • For the payer care management space, the goal is to provide healthcare payers with the necessary information to make informed decisions when selecting care management technology.
  • "We are incredibly proud and honored to be recognized by KLAS as a top performer in the care management payer space," commented Conor Bagnell, MHK president.

MHK WELCOMES EMEKA IHEME AS VICE PRESIDENT OF PROFESSIONAL SERVICES

Retrieved on: 
Thursday, January 25, 2024
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TAMPA, Fla., Jan. 25, 2024 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, today announced that Emeka Iheme joined the company as vice president of professional services.

Key Points: 
  • TAMPA, Fla., Jan. 25, 2024 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, today announced that Emeka Iheme joined the company as vice president of professional services.
  • The announcement was made by Conor Bagnell, president of MHK.
  • As vice president of professional services, Iheme is responsible for the successful execution of all client-facing engagements related to the company's clinical technology platform, MHK CareProminence®.
  • Prior to joining MHK, Iheme held multiple professional services leadership roles at SaaS-based organizations in the care management space, including Casenet.

MHK WELCOMES GEOFF FELDER AS CHIEF TECHNOLOGY OFFICER

Retrieved on: 
Thursday, November 16, 2023
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TAMPA, Fla., Nov. 16, 2023 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, today announced that Geoff Felder joined the company as the new chief technology officer.

Key Points: 
  • TAMPA, Fla., Nov. 16, 2023 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, today announced that Geoff Felder joined the company as the new chief technology officer.
  • As chief technology offer, Felder will spearhead MHK's technological advancements, providing strategic direction for all information technology initiatives and direct oversight of both development and infrastructure programs.
  • MHK offers SaaS technology for health plans, pharmacy benefit managers, and other managed care organizations.
  • Before joining MHK, Felder served as chief technology officer at TriZetto Provider Solutions (TPS).

Mohawk Industries Reports Q3 Results

Retrieved on: 
Thursday, October 26, 2023
PVC, Mohawk Industries, Ageing, Housing, MHK, NYSE, HPL, Pressure, Absorption, Geography, Mohawk, LVT, EPS, JPMorgan Chase, Plant, Marketing, Investment, Uncertainty, Real estate, Retail

Our third quarter performance was seasonally impacted by vacations in Europe, which reduced our sales and earnings versus the prior quarter.

Key Points: 
  • Our third quarter performance was seasonally impacted by vacations in Europe, which reduced our sales and earnings versus the prior quarter.
  • The predicted timing of the housing sector recovery continues to be postponed, and we are managing the business to optimize our results and cash flow until it occurs.
  • Across the enterprise, we are implementing productivity, cost reduction and restructuring initiatives to lower our expenses and improve our results.
  • As the world’s largest flooring provider, Mohawk is well positioned to capitalize on these opportunities.”

PRIME THERAPEUTICS/MAGELLAN RX EXPANDS PARTNERSHIP WITH MHK TO MANAGE MEMBER ENROLLMENT WITH MARKETPROMINENCE TECHNOLOGY

Retrieved on: 
Thursday, October 5, 2023
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TAMPA, Fla., Oct. 5, 2023 /PRNewswire/ -- MHK, a leading healthcare technology provider and part of the Hearst Health network, announced today that Prime Therapeutics LLC/Magellan Rx (Prime/MRx) expanded its partnership with MHK, adding on the MarketProminence® SaaS technology platform.

Key Points: 
  • TAMPA, Fla., Oct. 5, 2023 /PRNewswire/ -- MHK , a leading healthcare technology provider and part of the Hearst Health network, announced today that Prime Therapeutics LLC/Magellan Rx (Prime/MRx) expanded its partnership with MHK, adding on the MarketProminence® SaaS technology platform.
  • The organizations began their partnership in 2020 with the selection of the MHK CareProminence® platform for Medicare pharmacy management.
  • Expanding upon this relationship, Prime/MRx will now use MHK's MarketProminence technology to manage member enrollment, premium billing and financial reconciliation to support the growth of its health plan business, specifically Employer Group Waiver Plans.
  • We look forward to helping their team implement a best-in-class member enrollment program to support the growth of their health plan business," said Conor Bagnell, President of MHK.

Mohawk Highlights a Year of Progress in New 2022 Environmental, Social & Governance Report

Retrieved on: 
Tuesday, September 19, 2023
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“Within Mohawk, sustainability is not a stand-alone department or separate function – it is integrated into all we do.

Key Points: 
  • “Within Mohawk, sustainability is not a stand-alone department or separate function – it is integrated into all we do.
  • Earlier this year, Mohawk promoted Malisa Maynard to serve as the Company’s new chief sustainability officer.
  • Increasing transparency: In its new ESG Report, Mohawk reports Scope 3 emissions for the first time.
  • Enhancing governance: In 2022, Mohawk increased its Board diversity and implemented a formal Board of Directors Selection Policy in 2023.