Shares of Mohawk Industries have done quite well over the past year or so, but they have underperformed the broader market. Revenue for the company has declined, but bottom-line results are finally showing signs of improving. Cost-cutting initiatives have helped improve net income for the company, but revenue continues to decline, leading to a neutral stance as earnings near.
Mohawk's (MHK) second-quarter results are most likely to reflect significant inflationary pressure and moderate housing demand.
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