Key Developments: Mohawk Industries Inc (MHK.N)
121.29USD
1 Aug 2013
$2.30 (+1.93%)
$118.99
$120.90
$123.06
$120.46
328,858
195,231
$123.06
$64.22
Latest Key Developments (Source: Significant Developments)
Mohawk Industries Inc Issues Q3 2013 EPS Guidance Above Analysts' Estimates
Mohawk Industries Inc announced that for third quarter of 2013, it expects earnings to be in the range of $1.81 to $1.91 per share (EPS), excluding any restructuring or acquisition costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.68 for third quarter of 2013. Full Article
Mohawk Industries Inc Completes Acquisition Of Spano Group
Mohawk Industries Inc announced that it has completed the acquisition of Spano Group, a Belgian panel board manufacturer. The transaction was previously announced on January 28, 2013. The total value of the acquisition was EUR125 million in cash. In 2012. Full Article
Mohawk Industries Inc Issues Q2 2013 EPS Guidance In Line WIth Analysts' Estimates
Mohawk Industries Inc announced that it anticipate each of the Company acquisitions contributing to sales and earnings this year, as the Company implement strategies to maximize their potential. With these factors guidance for the second quarter 2013 is $1.58 to $1.67 per share of earnings (EPS), excluding any restructuring or acquisition costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.58 for second quarter of 2013. Full Article
Mohawk Industries Inc Completes Purchase Of Marazzi Group
Mohawk Industries Inc announced that it has completed the acquisition of the Marazzi Group for approximately $1.5 billion with a combination of cash and equity. The Marazzi Group is in ceramic tile. Marazzi operates manufacturing facilities in Russia , the United States and Western Europe and sells to more than 100 countries around the world. Marazzi manufactures all types of tile including glazed ceramic, glazed porcelain, technical tile and color body porcelain. Full Article
Mohawk Industries Inc Comments On FY 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates
Mohawk Industries Inc announced that it anticipate revenue growth for fiscal 2013 as the U.S. market improves and the Company realize some benefits from recent acquisitions. The first quarter earnings are seasonally the lowest and represented a little less than one sixth of 2012's full year results. With this, the Company's guidance for first quarter of 2013 earnings is $0.77 to $0.86 per share (EPS), excluding any restructuring, acquisition costs and interest on the new bonds for Marazzi. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.898 billion for fiscal 2013 and EPS of $0.92 for the first quarter of 2013 Full Article
Mohawk Industries Inc Announces Acquisition Of Spano Invest NV
Mohawk Industries Inc announced that it has entered into an agreement to purchase Spano Invest NV (Spano), a Belgian panel board manufacturer, for EUR125 million ($168 million) in cash. This transaction is expected to close in the second half of 2013. Spano manufactures and distributes chip and melamine board, which are used to produce furniture and building products primarily in the Belgian market. Full Article
Mohawk Industries Inc Completes Purchase Of Pergo
Mohawk Industries Inc announced that it has completed the acquisition of Pergo, a leading manufacturer of premium laminate flooring. The transaction was previously announced on October 29, 2012 . The total value of the acquisition was $150 million in cash. In 2011, Pergo's sales were approximately $320 million in the U.S. and Europe . Full Article
Mohawk Industries Inc Announces Purchase Of Marazzi Group
Mohawk Industries Inc announced that the Company has entered into a definitive agreement to acquire the Marazzi Group, which will make Mohawk in ceramic tile. Mohawk is acquiring Marazzi for EUR1.17 billion, or approximately $1.5 billion, with a combination of cash and equity. Marazzi's estimated 2012 EBITDA of E145 million represents a purchase multiple of about eight times. We expect to complete the transaction during the first quarter of 2013 pending customary closing conditions and regulatory approvals. Mohawk anticipates that the transaction will be accretive in 2013. Full Article
Mohawk Industries Inc Issues Q4 2012 EPS Guidance Above Analysts' Estimates-Conference Call
Mohawk Industries Inc announced that based on these factors guidance for the fourth quarter 2012 is $0.89 to $0.98 per share of earnings (EPS), excluding any restructuring costs. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.88 for fourth quarter of 2012. Full Article
Mohawk Industries Inc Enters Into Agreement To Purchase Pergo
Mohawk Industries Inc announced that it has entered into an agreement to purchase Pergo, a manufacturer of laminate flooring, for $150 million in cash. Pergo's sales in 2011 were approximately $320 million in the U.S. and Europe. The business is expected to be accretive in the first year. This transaction is expected to close no later than first quarter of 2013 and is subject to customary governmental approvals and closing conditions. Full Article
EU mergers and takeovers (March 19)
BRUSSELS, March 19 - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

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