Frank Boykin - Mohawk Industries Chief Financial Officer

MHK Stock  USD 109.95  1.07  0.98%   

CFO

Mr. Frank H. Boykin is no longer Chief Financial Officer, Vice President Finance of Mohawk Industries, Inc., effective March 31, 2019. In August 2004, Mr. Boykin was named Vice President Finance and Chief Financial Officer of the Company in January 2005. In August 2004, Mr. Boykin was appointed Vice President Finance. Mr. Boykin previously served as Corporationrationrate Controller of the Company from April 1993 until May 1999, when he was appointed Vice President, Corporationrationrate Controller. Before joining the Company, Mr. Boykin served as a Senior Manager at KPMG LLP, a worldwide audit, tax and advisory services firm. since 2020.
Age 63
Tenure 4 years
Address 160 South Industrial Boulevard, Calhoun, GA, United States, 30701
Phone706 629 7721
Webhttps://www.mohawkind.com

Mohawk Industries Management Efficiency

The company has Return on Asset of 0.0368 % which means that on every $100 spent on assets, it made $0.0368 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0562) %, meaning that it generated no profit with money invested by stockholders. Mohawk Industries' management efficiency ratios could be used to measure how well Mohawk Industries manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is expected to rise to 0.13 this year, although the value of Return On Tangible Assets are projected to rise to (0.04). At this time, Mohawk Industries' Total Current Liabilities is quite stable compared to the past year. Non Current Liabilities Other is expected to rise to about 373.5 M this year, although the value of Liabilities And Stockholders Equity will most likely fall to about 7 B.
The company has 3.15 B in debt with debt to equity (D/E) ratio of 0.34, which is OK given its current industry classification. Mohawk Industries has a current ratio of 1.48, which is typical for the industry and considered as normal. Debt can assist Mohawk Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Mohawk Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mohawk Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mohawk to invest in growth at high rates of return. When we think about Mohawk Industries' use of debt, we should always consider it together with cash and equity.

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Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. Mohawk Industries, Inc. was incorporated in 1988 and is headquartered in Calhoun, Georgia. Mohawk Industries operates under Furnishings, Fixtures Appliances classification in the United States and is traded on New York Stock Exchange. It employs 43000 people. Mohawk Industries (MHK) is traded on New York Stock Exchange in USA. It is located in 160 South Industrial Boulevard, Calhoun, GA, United States, 30701 and employs 43,300 people. Mohawk Industries is listed under Household Durables category by Fama And French industry classification.

Management Performance

Mohawk Industries Leadership Team

Elected by the shareholders, the Mohawk Industries' board of directors comprises two types of representatives: Mohawk Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mohawk. The board's role is to monitor Mohawk Industries' management team and ensure that shareholders' interests are well served. Mohawk Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mohawk Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey Lorberbaum, Chairman of the Board, Chief Executive Officer
John Engquist, Independent Director
Jerry Burris, Independent Director
Brian Carson, President of Carpet
R Patton, Vice President - Business Strategy, General Counsel, Secretary
Filip Balcaen, Independent Director
Shailesh Bettadapur, VP Treasurer
Malisa Maynard, Chief Officer
Wim Messiaen, President World
James Brunk, Chief Accounting Officer and Corporate Controller
Frank Boykin, Chief Financial Officer
William Wellborn, President, Chief Operating Officer, Director
Joseph Onorato, Independent Director
William Runge, Independent Director
Steven Lee, Chief Accounting Officer, Corporate Controller
John Turner, President - Dal-Tile Business Unit
Claudio Coni, Chief Officer
Richard Ill, Independent Director
John Fiedler, Independent Director
David Patton, Vice President - Business Strategy, General Counsel, Secretary
Richard C, Independent Director
Paul Cock, President - Flooring North America
Bernard Thiers, President of Laminate and Wood
Bogart Pilkington, Independent Director
Frans Cock, Director
Bruce Bruckmann, Independent Director
William Harkins, Chief Controller
Clifford Suing, Interim Chief Accounting Officer, Corporate Controller
Karen Bogart, Independent Director
Glenn Landau, Chief Financial Officer, Executive Vice President
Rodney Patton, General Strategy

Mohawk Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mohawk Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Mohawk Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Mohawk Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mohawk Industries Stock. Highlighted below are key reports to facilitate an investment decision about Mohawk Industries Stock:
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Complementary Tools for Mohawk Stock analysis

When running Mohawk Industries' price analysis, check to measure Mohawk Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mohawk Industries is operating at the current time. Most of Mohawk Industries' value examination focuses on studying past and present price action to predict the probability of Mohawk Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mohawk Industries' price. Additionally, you may evaluate how the addition of Mohawk Industries to your portfolios can decrease your overall portfolio volatility.
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Is Mohawk Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mohawk Industries. If investors know Mohawk will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mohawk Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.194
Earnings Share
(6.90)
Revenue Per Share
174.924
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0368
The market value of Mohawk Industries is measured differently than its book value, which is the value of Mohawk that is recorded on the company's balance sheet. Investors also form their own opinion of Mohawk Industries' value that differs from its market value or its book value, called intrinsic value, which is Mohawk Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mohawk Industries' market value can be influenced by many factors that don't directly affect Mohawk Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mohawk Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mohawk Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mohawk Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.