Mohawk Industries Inc. (Dallas) saw its profits increase 27 percent between the third quarter of 2013 and the third quarter of 2014.
Mohawk Industries Inc. (Dallas) saw its profits increase 27 percent between the third quarter of 2013 and the third quarter of 2014.
Net sales increased 1.5 percent in the same period, going from $1.96 billion to $1.99 billion. Of that, the company's laminate and wood segment brought in $463 million in net sales, an increase of 3 percent from last year.
The company expects its fourth quarter earnings-per-share in the $2.18 to $2.27 range, up from its EPS of $2.06 in the third quarter of 2014.
"We delivered good results this period, even in an environment with sluggish demand, due to our market diversification and strong execution," said Jeffrey Lorberbaum, CEO, in a statement. "We will continue investing into our business to support future growth and profitability."