Mohawk Industries (MHK) Misses Q2, Guides Lower Citing Inflation

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Go back to Mohawk Industries (MHK) Misses Q2, Guides Lower Citing Inflation

Mohawk Industries Reports Q2 Results

July 25, 2018 4:05 PM EDT

CALHOUN, Ga., July 25, 2018 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2018 second quarter net earnings of $197 million and diluted earnings per share (EPS) of $2.62. Adjusted net earnings were $263 million and EPS was $3.51, excluding restructuring, acquisition and other charges, a 6% decrease from last year. Net sales for the second quarter of 2018 were $2.6 billion, up 5% in the quarter and 3% on a constant currency basis. For the second quarter of 2017, net sales were $2.5 billion, net earnings were $261 million and EPS was $3.48; adjusted net earnings were $278 million and EPS was $3.72, excluding restructuring, acquisition... More