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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




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