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Calhoun, Georgia-based Mohawk Industries, Inc. (MHK) designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling and new construction channels globally. With a market cap of $6.3 billion, the company operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
Shares of MHK have lagged behind the broader market over the past 52 weeks. MHK has crumbled 12.7% over this period, while the broader S&P 500 Index ($SPX) has gained 10.2%. Moreover, shares of MHK are down 15.1% on a YTD basis, compared to SPX’s 1.3% dip.
