In the News – Mohawk Announces First Quarter Earnings

In the News – Mohawk Announces First Quarter Earnings

Mohawk Industries, Inc. (NYSE: MHK) today announced 2016 first quarter net earnings of $172 million and diluted earnings per share (EPS) of $2.30. Excluding restructuring, acquisition and other charges, net earnings were $177 million and EPS was $2.38, a 40% increase over last year’s first quarter adjusted EPS. Net sales for the first quarter of 2016 were $2.2 billion, up 15.5% versus the prior year’s first quarter or approximately 19% increase on a constant days and currency exchange rate basis. For the first quarter of 2015, net sales were $1.9 billion, net earnings were $22 million and EPS was $0.30; excluding restructuring, acquisition and other charges, net earnings were $125 million and EPS was $1.70.

Check out their full report,

News Release – Investor Relations – Mohawk Industries, Inc_

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