10:48 am No Hair Cut for Mohawk Industries after Its Fine Earnings Report
When industry conditions are challenging, it pays to have good management. Investors in Mohawk Industries (MHK 141.86, +6.12), a leading global flooring manufacturer, can appreciate that point today after the company reported its third quarter earnings results.
Net sales during the period increased just 1.5% to $1.99 billion, yet what really jumps out is that operating income increased 21.5% to $213.7 million.
Adjusted net earnings increased 21.8% to $179 million and adjusted EPS rose 21% to $2.44 -- …More