Yeneira Pacheco loads a creelers with yarn at a Mohawk Industries rug manufacturing plant in Calhoun, Ga., in this file photo.Mohawk Industries Inc. boosted its fourth quarter net earnings by 27 percent over a year ago to $167 million.
On a per-share basis, the Calhoun, Georgia-based company said it had profit of $2.27 per share. Earnings, prior adjusted for restructuring costs, were $2 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The flooring maker posted revenue of $1.95 billion in the period, which met Street forecasts.
For the year, the company reported profit of $532 million, or $7.25 per share. Revenue was reported as $7.8 billion.
Mohawk CEO Jeff Lorberbaum said he expects sales to continue to improve with the economy this year.
"We anticipate stronger organic growth on a local basis in 2015, driven by improvements in the U.S. economy and the flooring market," he said. "In the U.S., rising consumer confidence supported by lower gasoline prices, low interest rates, increased home values and an improving job market should drive higher growth in our category."
Mohawk Industries shares have climbed 11 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 2 percent.