Mohawk Industries released its 2024 impact report, showcasing sustainability advancements, eco-friendly products, and employee initiatives.
Quiver AI Summary
Mohawk Industries, Inc. has released its 16th annual impact report, showcasing advancements in sustainability, new eco-friendly products, and efforts benefiting both communities and the environment. CEO Jeff Lorberbaum emphasized the company's commitment to reducing environmental impact through innovative product design and a focus on carbon emissions, recycled materials, and prolonging product lifespan. The report highlights Mohawk's leadership in sustainable flooring solutions, including the use of recycled plastics and natural stone in its various products, as well as significant waste repurposing initiatives. Additionally, the company achieved a 30% reduction in emissions intensity since 2010 and improved its renewable energy usage by 117%. With a workforce of nearly 42,000 employees, Mohawk's safety initiatives have notably reduced workplace incidents, reinforcing its status as a top employer in the U.S. The complete impact report is available online.
Potential Positives
- Publication of the 16th annual impact report underscores Mohawk Industries' commitment to sustainability, highlighting significant reductions in carbon emissions and resource conservation.
- Introduction of innovative eco-friendly products such as SolidTech® R and PETPremier® carpet demonstrates the company's leadership in sustainable product development.
- Recognition as one of America’s climate leaders validates the effectiveness of Mohawk’s environmental initiatives and enhances its brand reputation.
- Improvements in employee safety and engagement contribute to Mohawk being recognized as a top employer, which may enhance talent retention and attract new employees.
Potential Negatives
- None
FAQ
What sustainability goals does Mohawk Industries focus on?
Mohawk's sustainability goals include reducing carbon emissions, increasing recycled content, achieving circular design, and extending product life.
How does Mohawk utilize recycled materials in its products?
Mohawk incorporates recycled plastics and waste wood into products, with some flooring containing up to 63 recycled plastic bottles per square yard.
What advancements in renewable energy has Mohawk made recently?
In 2024, Mohawk increased its renewable energy consumption by 117%, with a significant boost in solar energy generation through rooftop panels.
What impact has Mohawk made on water conservation?
Mohawk improved its global water withdrawal intensity by 45% from its 2010 baseline, reusing millions of gallons of wastewater in its processes.
How has Mohawk performed as an employer?
Mohawk is recognized as one of America’s top large employers, with a significant number of associates having over 25 years of service.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MHK Insider Trading Activity
$MHK insiders have traded $MHK stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $MHK stock by insiders over the last 6 months:
- SUZANNE L HELEN sold 10,500 shares for an estimated $1,191,162
- MAURO VANDINI (President of Global Ceramic) sold 4,500 shares for an estimated $528,525
- JAMES BRUNK (Chief Financial Officer) sold 3,000 shares for an estimated $354,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MHK Hedge Fund Activity
We have seen 231 institutional investors add shares of $MHK stock to their portfolio, and 239 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC removed 895,739 shares (-99.7%) from their portfolio in Q1 2025, for an estimated $102,275,479
- SHAPIRO CAPITAL MANAGEMENT LLC removed 687,027 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $78,444,742
- ALYESKA INVESTMENT GROUP, L.P. added 615,095 shares (+436.4%) to their portfolio in Q1 2025, for an estimated $70,231,547
- SOUND SHORE MANAGEMENT INC /CT/ added 535,637 shares (+inf%) to their portfolio in Q1 2025, for an estimated $61,159,032
- CITADEL ADVISORS LLC added 474,665 shares (+91.4%) to their portfolio in Q1 2025, for an estimated $54,197,249
- JPMORGAN CHASE & CO added 410,388 shares (+12.8%) to their portfolio in Q1 2025, for an estimated $46,858,101
- FMR LLC removed 363,343 shares (-32.4%) from their portfolio in Q1 2025, for an estimated $41,486,503
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MHK Analyst Ratings
Wall Street analysts have issued reports on $MHK in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 05/06/2025
- Raymond James issued a "Strong Buy" rating on 02/10/2025
- Loop Capital issued a "Buy" rating on 02/10/2025
- Truist Securities issued a "Buy" rating on 02/10/2025
- Baird issued a "Outperform" rating on 02/10/2025
- B of A Securities issued a "Buy" rating on 02/10/2025
To track analyst ratings and price targets for $MHK, check out Quiver Quantitative's $MHK forecast page.
$MHK Price Targets
Multiple analysts have issued price targets for $MHK recently. We have seen 10 analysts offer price targets for $MHK in the last 6 months, with a median target of $144.0.
Here are some recent targets:
- Sam Reid from Wells Fargo set a target price of $115.0 on 07/08/2025
- Michael Rehaut from JP Morgan set a target price of $139.0 on 05/06/2025
- Matthew Bouley from Barclays set a target price of $111.0 on 05/05/2025
- Mike Dahl from RBC Capital set a target price of $119.0 on 05/05/2025
- Sam Darkatsh from Raymond James set a target price of $165.0 on 02/10/2025
- Laura Champine from Loop Capital set a target price of $155.0 on 02/10/2025
- Stephen Kim from Evercore ISI Group set a target price of $140.0 on 02/10/2025
Full Release
CALHOUN, Georgia, July 15, 2025 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today published its 16 th annual impact report , which highlights progress toward the Company’s sustainability goals, new environmentally friendly residential and commercial products, and activities that benefit the Company’s people and communities as well as the planet.
“At Mohawk, we invest in what works—solutions that reduce our environmental impact, strengthen our business and benefit our customers,” said Chairman and Chief Executive Officer Jeff Lorberbaum. “We engineer our products to reduce carbon emissions, increase recycled content, achieve circular design and extend their useful life. Our mission is to deliver eco-friendly products that captivate and inspire architects, designers, builders and, of course, consumers.”
As the world’s largest flooring company, Mohawk offers a comprehensive portfolio of residential and commercial products marketed in approximately 180 countries. These include a broad selection of sustainable products in ceramic tile, carpet, resilient, laminate and wood, as well as panels and insulation materials.
“For our customers, this report details the impact of our people, products and processes,” said Chief Sustainability Officer Malisa Maynard. “We showcase initiatives that demonstrate our sustainability leadership along with the data used to measure our progress. The impact report spotlights our global team and their actions to improve the world we all share. I am proud of their important work.”
Highlights of Mohawk’s 2024 impact report include:
SUSTAINABLE PRODUCT LEADERSHIP
-
Products reflecting Mohawk’s sustainable leadership include SolidTech
®
R, a high performance waterproof, PVC-free flooring alternative made with recycled, single-use plastics and natural stone; biophilic-inspired Mohawk Group carpet tile collections that provide a 5% additional carbon offset beyond its emissions; PETPremier
®
carpet for active homes with up to 63 recycled plastic bottles in each square yard; and beautiful North American ceramic tile collections, 99%+ of which contain recycled content.
-
Beyond billions of plastic bottles recycled into flooring, during 2024, the Company repurposed almost 1.5 billion pounds of waste wood into chipboards and upcycled almost 50 million pounds of discarded tires into decorative mats.
CARBON REDUCTION & RESOURCE CONSERVATION
-
In 2024, Mohawk exceeded its Scope 1, 2 and biogenic emissions intensity goal with a reduction of 30% from its 2010 baseline, leading to recognition as one of America’s climate leaders.
-
Last year, Mohawk increased its renewable energy consumption by 117%, with a 53% increase in solar energy generated through rooftop panels.
-
Mohawk’s 2024 global water withdrawal intensity improved 45% from its 2010 baseline, reflecting millions of gallons of wastewater reused in or eliminated from manufacturing processes, particularly in its global ceramic tile operations.
HIGH PERFORMANCE WORKFORCE
-
Among Mohawk’s 41,900 associates around the world, 10.5% have worked with the Company for 25 or more years, contributing to Mohawk’s recognition as one of America’s top large employers.
-
Through safety initiatives and employee engagement, Mohawk’s global recordable incident rate has dropped approximately 35% compared to its 2010 baseline.
To read Mohawk’s complete 2024 impact report, please visit here.
ABOUT MOHAWK INDUSTRIES
Mohawk Industries is a leading global flooring manufacturer, providing products that enhance residential and commercial spaces in approximately 180 countries. During the past two decades, we have expanded the Company’s operational footprint with manufacturing facilities in North America, Europe, South America, Oceania and Asia. Our vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.
Contact: Robert Webb – [email protected]