Mohawk Industries Inc. (MHK, Financial) advanced in the Ariel Small Cap Value Strategy 2024 Q3, following solid earnings results and a subsequent increase in near-term guidance. The company achieved margin expansion through improved productivity and lower material costs.
"In our view, MHK’s healthy balance sheet and progress managing through the economy demonstrate resilience and position the company to benefit from long-term growth in residential remodeling, new home construction, and commercial projects." — Ariel Small Cap Value Strategy 2024 Q3 Fund Letter
Read full letter at gurufocus Ariel Small Cap Value Strategy 2024 Q3 page.