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Mohawk Posts Record Q3 Earnings

Mohawk PostsRecord Q3 EarningsCalhoun, Ga.-based floor coverings conglomerate Mohawk Industries Inc. reported net earnings of $91,382,000 and diluted earnings per share (EPS) of $1.36 for the third quarter of 2003 both representing a gain of 12 percent over third-quarter 2002 figures. The record earnings were attributed to strong sales growth in the Dal-Tile segment, which Mohawk acquired in early 2002, as well as higher operating income and lower interest costs. Quarterly net sales totaled $1,313,166,000 6 percent over year-earlier sales.Year-to-date net earnings increased 4 percent to $208,007,000 and EPS were down 1 percent to $3.10, while net sales rose 10 percent to $3,635,062,000 over the previous year. December 2003




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