Mohawk Industries (MHK) Tops Q4 EPS by 9c, Offers Q1 Guidance

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Mohawk Industries Record 4th Quarter Earnings

February 25, 2016 4:01 PM EST

CALHOUN, Ga., Feb. 25, 2016 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2015 fourth quarter net earnings of $192 million and diluted earnings per share (EPS) of $2.57. Excluding restructuring, acquisition and other charges, net earnings were $210 million and EPS was $2.82, a 24% increase over last year's fourth quarter adjusted EPS. Net sales for the fourth quarter of 2015 were $2.0 billion, up 2% versus the prior year's fourth quarter with four less shipping days or a 13% increase on a constant days and currency exchange rate basis. For the fourth quarter of 2014, net sales were $1.95 billion, net earnings were $147... More