10 S&P 500 companies with highest revenue exposure to Russia

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The Russia-Ukraine crisis continues to impact global markets, with investor sentiment largely inclined towards risk-off investment assets.

We have seen stock markets and crypto fluctuate heavily over the past few weeks as the geopolitical tensions mounted.

After last week’s negative close, Wall Street swung lower on Tuesday as the US and top European economies announced sanctions against Russia.

The S&P 500 fell 1% and sank into correction, with Home Depot Inc (NYSE: HD), Best Buy Co Inc (NYSE: BBY), Mohawk Industries (NYSE: MHK), and Discovery Inc (NASDAQ: DISCA) among the biggest losers on the day.

According to FactSet, Mohawk Industries ranks as one of the top 10 US companies with the highest revenue exposure to Russia and Ukraine. The company is one of the largest producers of floor covering products for residential applications in Europe.  

What are the 10 companies in this category?

According to FactSet, the following are the ten S&P 500 companies that fall in the same category as Mohawk Industries. Incidentally, MHK comes in at number three.

Philip Morris (NYSE: PM)

According to FactSet, Philip Morris International Inc has the largest revenue exposure at 8%. The cigarette maker’s 2021 revenue stood at $31.4 billion. In the market, its stock fell 2.7% on Tuesday.

PepsiCo (NASDAQ: PEP)

PepsiCo, Inc. comes in second with 4.4% of net sales from the Eastern European region. The company’s latest annual sales were over $70.2 billion. PepsiCo shares closed +0.4% on Tuesday.

Mohawk Industries, Inc. (NYSE: MHK)

Mohawk Industries, Inc. is third with 4.3% of its sales from the Russia-Ukraine market. The premier supplier of flooring products’ annual revenue is $10 billion. The Mohawk shares fell 6% during the last session.

McDonald’s Corporation (NYSE: MCD)

The world’s largest foodservice retailer McDonald’s Corp. has about 4.2% of its $24 billion revenue exposure in the conflict zone. The retailer’s shares closed nearly 0.4% higher.

EPAM Systems, Inc. (NYSE: EPAM)

IT services provider EPAM Systems reported $2.6 billion in annual revenue in its latest financial results. According to FactSet, 4% of this is linked to the Russia-Ukraine, or Eastern Europe market. The firm’s shares closed 3.5% down on Tuesday.

Carnivore Corporation (NYSE: CCL)

Carnival Corporation & plc is the world’s leading cruise company, with 10 cruise brands across the globe. The company’s revenue has been hit by the pandemic, with losses of over $9 billion in the last financial year. It has an exposure of 3.6% in Eastern Europe. CCL closed -3% in the last session.

PVH Corp (NYSE: PVH)

PVH Corp is a wholesaler of branded clothes and other products, with $7 billion in revenue. 3.6% of PVH’s revenue is connected to the Russian-Ukraine market. The company’s shares were 1.5% down.

Wabtec Corp (NYSE: WAB)

The shares of Wabtec Corp fell 2.3% on Tuesday. 3.5% of the American firm’s $7.5 billion revenue comes from services offered in the conflict region.

Mondelez International, Inc. (NASDAQ: MDLZ)

Food and beverage company Mondelez’s last revenue results were more than $28.7 billion. FactSet data suggests 3.5% of the sales are made in the Russian market. MDLZ shares closed 0.7% higher.

Deere & Co (NYSE: DE)

Heavy equipment maker Deere reported over $44 billion in revenue in its last financial results. Per the data, 2.9% of which is from the vast European market. The firm’s shares fell more than 4% in the last session.

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