Mohawk Industries (Dallas) had profits of $930.36 million in 2016, up 51.2 percent from $615.3 million in 2015, on the highest revenue in company history.
Sales for the year were $8.96 billion, an 11.02 percent increase from $8.07 billion in sales in 2015.
“For the full year, Mohawk delivered an outstanding performance. Our revenues for the year rose to an all-time high…” said CEO Jeffrey Lorberbaum in a statement. “To continue our growth, we will make even greater internal investments this year to expand capacity and enter new markets. We are also adding unique capabilities to introduce more differentiated products and anticipate even higher productivity improvements in the coming year.”
The company had profits of $233.75 million in the fourth quarter of 2016, an increase of 22.02 percent compared with a profit of $191.56 million in the fourth quarter of 2015.
Net sales for the quarter were $2.18 billion, up 9.54 percent compared with $1.99 million in the fourth quarter of 2015.
