- Underappreciated advantage with new tariffs (08/20) on Chinese Luxury Vinyl Tile (LVT) & vinyl flooring.
- Mohawk (MHK) recently won a blockage order (09/16/20) from competing Chinese LVT products imported from abroad that stole MHK’s patented locking mechanisms in both glue-less rigid and multi-layer flooring.
- Currency tailwind- What was once a significant headwind for the business in ‘18 and ‘19 has become a significant tailwind, as the largest international translated revenue base is in Europe.
- Channel inventories are extremely low and have destocked significantly from complete/partial halts in manufacturing during Q2 ‘20.
- End markets are extremely strong, as witnessed by sales trends at home centers (LOW, HD), and public specialty flooring retailers (LL, FND).
For further details see:
Mohawk Industries: A Cheap Way To Play The Booming Housing Market