Mohawk Industries Record 4th Quarter Earnings

Mohawk Industries Record 4th Quarter Earnings

“Mohawk Industries, Inc. (NYSE (NYX): MHK) today announced 2015 fourth quarter net earnings of $192 million and diluted earnings per share (EPS) of $2.57. Excluding restructuring, acquisition and other charges, net earnings were $210 million and EPS was $2.82, a 24% increase over last year’s fourth quarter adjusted EPS. Net sales for the fourth quarter of 2015 were $2.0 billion, up 2% versus the prior year’s fourth quarter with four less shipping days or a 13% increase on a constant days and currency exchange rate basis. For the fourth quarter of 2014, net sales were $1.95 billion, net earnings were $147 million and EPS was $2.00; excluding restructuring, acquisition and other charges, net earnings were $167 million and EPS was $2.27.”

Check out the full article at Seeking Alpha

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