Mohawk Net Income Jumps 47 Percent

During the second quarter of 2010, Mohawk Industries Inc. (Calhoun, Ga.) posted net income of $68 million, or 99 cents per share, up 47 percent from $46 million, or 67 cents per share, during the same period in 2009. The company's net sales of $1.4 billion during the quarter were slightly down from 2009's second quarter mark. Mohawk Chairman and CEO Jeffrey S. Lorberbaum attributed his company's success to higher sales in certain segments, improved hardwood product mix, price increases and cost reduction programs. The full release can be found here.

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