Jeff Loberbaum of Mohawk CarpetsIt was another strong quarter and start to the year for Mohawk Industries, the world’s largest flooring manufacturer, as the Calhoun, Ga.-based company posted record quarterly earnings for the eighth straight time.
Through the first three months of this year, Mohawk posted net sales of $2.2 billion, and net earnings of $172 million, or $2.30 diluted earnings per share.
Adjusted earnings per share from January through March were up 40 percent over the first quarter of last year, and net sales were up 15 percent over the same period.
Jeff Lorberbaum, chairman and CEO of Mohawk, said in the company’s post-market close release Thursday that the results “exceeded our projections with revenue growing across all segments.”
“We delivered our eighth consecutive quarter with record year over year adjusted EPS, as well as the highest net sales for any quarter in the company’s history,” he said.