Mohawk Industries Sees More Issues Than Expected From New Order Management System

Dow Jones

01-25

By Sabela Ojea

Mohawk Industries said it saw more conversion issues than expected from the new order management system the company adopted for its Flooring North America segment.

Shares were down 5.5% to $123.58 in afternoon trading on Friday. The stock has increased 23% over the past 12 months.

The flooring manufacturer on Friday said that the majority of the system processes have been corrected, but that normal service levels were interrupted by delays and errors in both shipments and invoicing.

The company is currently working on addressing those errors and improving its processes.

"Our manufacturing and distribution operations are functioning at historic levels," Mohawk said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 24, 2025 15:56 ET (20:56 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The stock has increased 23% over the past 12 months. \n</p>\n<p>\n  The flooring manufacturer on Friday said that the majority of the system processes have been corrected, but that normal service levels were interrupted by delays and errors in both shipments and invoicing. \n</p>\n<p>\n  The company is currently working on addressing those errors and improving its processes. \n</p>\n<p>\n  \"Our manufacturing and distribution operations are functioning at historic levels,\" Mohawk said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 24, 2025 15:56 ET (20:56 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATER","symbol_name":"Aterian Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2506070818","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506070818","pubTimestamp":1737752160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Mohawk Industries said it saw more conversion issues than expected from the new order management system the company adopted for its Flooring North America segment.Shares were down  5.5% to $123.58 in afternoon trading on Friday. The stock has increased 23% over the past 12 months.The flooring manufacturer on Friday said that the majority of the system processes have been corrected, but that normal service levels were interrupted by delays and errors in both shipments and invoicing.The company is currently working on addressing those errors and improving its processes.\"Our manufacturing and distribution operations are functioning at historic levels,\" Mohawk said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ATER":"Aterian Inc.","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","BK4095":"家庭装饰品","LU0205194284.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD) INC AV","BK4563":"昨日强势股","BK4191":"家用电器","BK4585":"ETF&股票定投概念","MHK":"莫霍克工业公司","BK4588":"碎股"},"translate_title":"莫霍克工业公司发现新订单管理系统的问题超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATER":1,"MHK":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Mohawk Industries said it saw more conversion issues than expected from the new order management system the company adopted for its Flooring North America segment. \n\n\n  Shares were down  5.5% to $123.58 in afternoon trading on Friday. The stock has increased 23% over the past 12 months. \n\n\n  The flooring manufacturer on Friday said that the majority of the system processes have been corrected, but that normal service levels were interrupted by delays and errors in both shipments and invoicing. \n\n\n  The company is currently working on addressing those errors and improving its processes. \n\n\n  \"Our manufacturing and distribution operations are functioning at historic levels,\" Mohawk said. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 24, 2025 15:56 ET (20:56 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}