CALHOUN, Ga. - Flooring giant Mohawk Industries, Inc. (NYSE: MHK) reports record net earnings of $234 million on sales of $2.2 billion in the fourth quarter.
"Our Flooring North America Segment's sales increased 10 percent," says the firm, while operating income grew 18.5 percent.
Hard surface sales, which includes laminate, wood and vinyl, as well as the hot category of luxury vinyl tile (LVT), continued a dramatic expansion.
"Our premium laminate products with realistic visuals and proprietary water resistance continue to outperform the market," said Jeffrey S. Lorberbaum, CEO. "We are introducing more refined visuals and longer planks that replicate solid wood from our new engineered wood plant."
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