Key Developments: Mohawk Industries Inc (MHK.N)

MHK.N on New York Stock Exchange

186.56USD
26 May 2015
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Latest Key Developments (Source: Significant Developments)

Polyurethane foam makers including Mohawk Industries Inc pay $275.5 mln to end price-fixing cases - Reuters
Tuesday, 19 May 2015 02:54pm EDT 

Mohawk Industries Inc:Says the company and five other companies have agreed to pay a combined $275.5 million to settle lawsuits accusing them of conspiring to fix prices of polyurethane foam - Reuters.Purchasers of the foam asked U.S. District Judge Jack Zouhary in Toledo, Ohio to approve the preliminary settlements, which combined with earlier accords would boost their total recovery to $433.1 million.Producers accused foam manufacturers of violating the federal Sherman antitrust law by conspiring to coordinate the timing and size of price increases.Mohawk agreed to settle for $98 million, settlement papers show.Other payments include $60 million from Foamex Innovations Inc, $50 million from Woodbridge Foam Corp and affiliates, $32 million from Future Foam Inc, $19.5 million from Hickory Springs Manufacturing Co, and $16 million from FFP Holdings Inc.  Full Article

Mohawk Industries Inc gives Q2 2015 EPS guidance below analysts' estimates
Thursday, 7 May 2015 04:01pm EDT 

Mohawk Industries Inc:Expects Q2 2015 earnings of $2.51 to $2.60 per share, excluding any earnings from new acquisitions or any restructuring charges.Q2 2015 EPS of $2.61 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc gives Q1 2015 EPS guidance in line with analysts' estimates
Thursday, 19 Feb 2015 04:01pm EST 

Mohawk Industries Inc:Says guidance for Q1 2015 earnings is $1.54 to $1.63 per share, excluding any restructuring charges and new acquisitions.Q1 2015 EPS of $1.56 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc announces purchase of IVC Group
Tuesday, 13 Jan 2015 05:48pm EST 

Mohawk Industries Inc:Says that it has entered into a definitive agreement to acquire the IVC Group.The IVC Group is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate, with operations in Europe and the United States and sales of about $700 million.Mohawk is acquiring IVC for about $1.2 billion through a combination of cash and equity.The transaction is expected to be completed around the end of the first quarter of 2015, pending customary closing conditions and regulatory approvals.Mohawk anticipates that the transaction will be accretive to EPS in the first twelve months.  Full Article

Fitch Affirms Mohawk Industries Inc IDR at 'BBB-'; Outlook Positive
Monday, 24 Nov 2014 05:40pm EST 

Mohawk Industries Inc:Says that Fitch Ratings has affirmed the ratings of the company, including the company's Issuer Default Rating (IDR), at 'BBB-.Says the rating outlook remains Positive.  Full Article

Mohawk Industries Inc gives Q4 2014 EPS guidance in line with analysts' estimates
Thursday, 30 Oct 2014 04:12pm EDT 

Mohawk Industries Inc:Expects Q4 2014 earnings of $2.18 to $2.27 per share.Q4 2014 EPS of $2.24 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc gives Q3 2014 EPS guidance in line with analysts' estimates; narrows FY 2014 EPS guidance to a range in line with analysts' estimates
Thursday, 31 Jul 2014 04:06pm EDT 

Mohawk Industries Inc:Says that guidance for Q3 2014 earnings is $2.38 to $2.47 per share and, for FY 2014, $8.09 to $8.25 per share, excluding any restructuring charges.Q3 2014 EPS of $2.45 and FY 2014 EPS of $8.17 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc gives FY 2014 EPS outlook in line with analysts' estimates; gives Q2 2014 EPS outlook below analysts' estimates
Thursday, 1 May 2014 04:03pm EDT 

Mohawk Industries Inc:Expects Q2 2014 earnings in the range of $2.14 to $2.23 per share.Expects FY 2014 earnings in the range of $8.00 to $8.30 per share, excluding any unusual charges.Q2 2014 EPS of $2.34 - Thomson Reuters I/B/E/S.FY 2014 EPS of $8.21 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc gives Q1 2014 EPS guidance below analysts' estimates
Thursday, 20 Feb 2014 04:01pm EST 

Mohawk Industries Inc:Expects Q1 2014 earnings of $1.13 to $1.19 per share.Q1 2014 EPS of $1.52 - Thomson Reuters I/B/E/S.  Full Article

Mohawk Industries Inc Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Friday, 1 Nov 2013 11:00am EDT 

Mohawk Industries Inc announced that the guidance for fourth quarter of 2013 earnings is $1.66 to $1.75 per share (EPS) excluding restructuring or acquisition costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.67 for fourth quarter of 2013.  Full Article

EU mergers and takeovers (May 20)

BRUSSELS, May 20 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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