Mohawk Industries (MHK) Misses Q3 EPS by 1c, Offers Q4 Guidance

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MOHAWK INDUSTRIES ANNOUNCES RECORD THIRD QUARTER EARNINGS

November 5, 2015 4:01 PM EST

CALHOUN, Ga., Nov. 5, 2015 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2015 third quarter net earnings of $215 million and diluted earnings per share (EPS) of $2.89. Excluding restructuring and acquisition charges, net earnings were $222 million and EPS was $2.98, a 22% increase over last year's third quarter adjusted EPS and the highest adjusted quarterly EPS in the company's history. Net sales for the third quarter of 2015 were $2.2 billion, up 8% versus the prior year's third quarter or a 15% increase on a constant currency exchange rate basis. For the third quarter of 2014, net sales were $2.0 billion, net... More