The world’s biggest carpet maker continued to roll up record profits last year and expects to boost sales even higher in 2015.
Mohawk Industries Inc. said Thursday its fourth quarter net earnings, excluding unusual charges, rose 27 percent over a year ago to $167 million, or $2.27 per share, on sales of $1.95 billion.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
For the year, the company reported profit of $532 million, or $7.25 per share. Revenue rose last year by 6 percent to $7.8 billion.
Mohawk CEO Jeff Lorberbaum said he expects sales to continue to improve with the economy this year.