Mohawk Industries (MHK) Tops Q2 EPS by 10c, Offers Q3 Guidance

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Mohawk Industries Reports Record Second Quarter

August 4, 2016 4:01 PM EDT

CALHOUN, Ga., Aug. 4, 2016 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2016 second quarter record net earnings of $255 million and diluted earnings per share (EPS) of $3.42, a 35% increase versus prior year. Excluding restructuring, acquisition and other charges, net earnings were $259 million and EPS was $3.47, a 29% increase over last year's second quarter adjusted EPS. Net sales for the second quarter of 2016 were $2.3 billion, up 13.2% versus the prior year's second quarter or approximately 12.1% increase on a constant days and currency exchange rate basis. For the second quarter of 2015, net sales were $2.0 billion, net... More