Mohawk Industries (MHK) Tops Q1 EPS by 6c, Offers Q2 Guidance

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Go back to Mohawk Industries (MHK) Tops Q1 EPS by 6c, Offers Q2 Guidance

Mohawk Industries Reports Record 1st Quarter Earnings

May 5, 2016 4:02 PM EDT

-- Q1 Adjusted EPS Up 40%

-- Record Net Sales

CALHOUN, Ga., May 5, 2016 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2016 first quarter net earnings of $172 million and diluted earnings per share (EPS) of $2.30. Excluding restructuring, acquisition and other charges, net earnings were $177 million and EPS was $2.38, a 40% increase over last year's first quarter adjusted EPS. Net sales for the first quarter of 2016 were $2.2 billion, up 15.5% versus the prior year's first quarter or approximately 19% increase on a constant days and currency exchange rate basis. For the first... More