Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |


73rd ICAC Plenary Meeting
11/02/2014 - 11/07/2014

Grading For Fit
11/03/2014 - 11/05/2014

International Textile Fair Dubai
11/03/2014 - 11/04/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Mohawk Announces Record Second-Quarter Earnings

Mohawk Announces RecordSecond-Quarter EarningsCalhoun, Ga.-based Mohawk Industries Inc. announced record net earnings and diluted earnings per share (EPS) for the second quarter of 2002. Net earnings totaled $75,518,000, which was 63-percent higher than earnings for the same quarter in 2001. EPS of $1.10 were 25 percent above last years figures. Net sales for the quarter increased by 42 percent to $1,227,747,000. Mohawk attributes the improvements to increased sales and operating earnings and to its merger with Dal-Tile. Growth in home and residential products resulted in an 8-percent increase in Mohawk segment net sales, which totaled $938,446,000. The Dal-Tile segments net sales of $289,301,000 grew 9 percent, which primarily resulted from residential products. September 2002