Mohawk Industries Inc. (MHK, Financial) filed Quarterly Report for the period ended 2012-09-29.
Mohawk Industries, Inc. has a market cap of $5.54 billion; its shares were traded at around $86.74 with a P/E ratio of 24.6 and P/S ratio of 1.
Unilin Segment—Operating income was $28.9 million (8.8% of segment net sales) for the three months ended September 29, 2012 reflecting a decrease of $4.1 million compared to operating income of $33.0 million (10.0% of segment net sales) for the three months ended October 1, 2011. The decrease in operating income was primarily driven by unfavorable foreign exchange rates of approximately $4 million, higher input costs of approximately $4 million and the unfavorable net impact of price and product mix of approximately $3 million, partially offset by operations productivity of approximately $4 million and sales volume increases of approximately $4 million.
Gross profit for the nine months ended September 29, 2012 was $1,120.7 million (25.8% of net sales), an increase of $39.2 million or 3.6%, compared to gross profit of $1,081.5 million (25.4% of net sales) for the nine months ended October 1, 2011. The increase in gross profit dollars was primarily attributable to the favorable net impact of price and product mix of approximately $46 million, operations productivity of approximately $35 million and higher sales volume of approximately $18 million, partially offset by higher material input costs of approximately $44 million and the impact of unfavorable foreign exchange rates of approximately $15 million.
Operating income for the nine months ended September 29, 2012 was $283.6 million (6.5% of net sales) reflecting an increase of $34.4 million, or 13.8%, compared to operating income of $249.2 million (5.8% of net sales) for the nine months ended October 1, 2011. The increase in operating income was primarily driven by the favorable net impact of price and product mix of approximately $46 million, operations productivity of approximately $35 million and higher sales volume of approximately $18 million, partially offset by higher input costs of approximately $44 million and increases in costs to support new product introductions and geographic expansion of approximately $14 million and increases in manufacturing start-up costs of approximately $5 million.
Unilin Segment—Operating income was $96.6 million (9.5% of segment net sales) for the nine months ended September 29, 2012 reflecting a decrease of $8.9 million compared to operating income of $105.5 million (10.4% of segment net sales) for the nine months ended October 1, 2011. The decrease in operating income was primarily driven by higher input costs of approximately $13 million, unfavorable foreign exchange rates of approximately $9 million, increases in costs to support new product introductions and geographic expansion of approximately $5 million and the unfavorable net impact of price and product mix of approximately $4 million, partially offset by sales volume increases of approximately $14 million and operations productivity of approximately $11 million.
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Mohawk Industries, Inc. has a market cap of $5.54 billion; its shares were traded at around $86.74 with a P/E ratio of 24.6 and P/S ratio of 1.
Highlight of Business Operations:
Operating income for the three months ended September 29, 2012 was $104.0 million (7.1% of net sales) reflecting an increase of $12.5 million, or 13.7%, compared to operating income of $91.5 million (6.3% of net sales) for the three months ended October 1, 2011. The increase in operating income was primarily driven by operations productivity of approximately $10 million, sales volume increases of approximately $8 million and the favorable net impact of price and product mix of approximately $6 million, partially offset by increases in costs to support new product introductions and geographic expansion of approximately $5 million and increases in manufacturing start-up costs of approximately $3 million.Unilin Segment—Operating income was $28.9 million (8.8% of segment net sales) for the three months ended September 29, 2012 reflecting a decrease of $4.1 million compared to operating income of $33.0 million (10.0% of segment net sales) for the three months ended October 1, 2011. The decrease in operating income was primarily driven by unfavorable foreign exchange rates of approximately $4 million, higher input costs of approximately $4 million and the unfavorable net impact of price and product mix of approximately $3 million, partially offset by operations productivity of approximately $4 million and sales volume increases of approximately $4 million.
Gross profit for the nine months ended September 29, 2012 was $1,120.7 million (25.8% of net sales), an increase of $39.2 million or 3.6%, compared to gross profit of $1,081.5 million (25.4% of net sales) for the nine months ended October 1, 2011. The increase in gross profit dollars was primarily attributable to the favorable net impact of price and product mix of approximately $46 million, operations productivity of approximately $35 million and higher sales volume of approximately $18 million, partially offset by higher material input costs of approximately $44 million and the impact of unfavorable foreign exchange rates of approximately $15 million.
Operating income for the nine months ended September 29, 2012 was $283.6 million (6.5% of net sales) reflecting an increase of $34.4 million, or 13.8%, compared to operating income of $249.2 million (5.8% of net sales) for the nine months ended October 1, 2011. The increase in operating income was primarily driven by the favorable net impact of price and product mix of approximately $46 million, operations productivity of approximately $35 million and higher sales volume of approximately $18 million, partially offset by higher input costs of approximately $44 million and increases in costs to support new product introductions and geographic expansion of approximately $14 million and increases in manufacturing start-up costs of approximately $5 million.
Unilin Segment—Operating income was $96.6 million (9.5% of segment net sales) for the nine months ended September 29, 2012 reflecting a decrease of $8.9 million compared to operating income of $105.5 million (10.4% of segment net sales) for the nine months ended October 1, 2011. The decrease in operating income was primarily driven by higher input costs of approximately $13 million, unfavorable foreign exchange rates of approximately $9 million, increases in costs to support new product introductions and geographic expansion of approximately $5 million and the unfavorable net impact of price and product mix of approximately $4 million, partially offset by sales volume increases of approximately $14 million and operations productivity of approximately $11 million.
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