Mohawk Industries has a 120-year history as a trusted carpet producer, and has since become the world’s leading manufacturer of hardwood, laminate, ceramic, and vinyl flooring. Among grim news of unemployment, stagnation and outsourcing, Mohawk is bucking the trend – the Calhoun, GA company has seen a significant rise in its stock price over the past year, rebounding to over $50 from a low of $18 in the depths of the financial crisis.
The company also currently has by far the best free cash flow per share in the Home Furnishings industry – 8.23x per share, more than twice the value of the next competitor. Free cash flow is an important indicator of a company’s ability to invest and expand operations, therefore, being this far ahead of the competition means Mohawk is in a great position to expand manufacturing and try to capture new markets for its products.
However, unlike many companies that outsource their production facilities in order to increase profits at the expense of everything else, Mohawk believes it’s important to invest in America and create jobs for American workers, which is why the company just leased a 46,002-square-foot new industrial space in Orlando, Florida.
There’s even more good news for the consumer: Floormall.com is currently holding a month-long sale on Mohawk flooring products. All the products are made to exacting quality standards, and are covered under a warranty, so if you were thinking of getting a new floor that will cost a reasonable price and last for many years, you can’t do better than Mohawk.
Popularity: 2% [?]
