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Mohawk Industries: 4Q Earnings Snapshot

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CALHOUN, Ga. (AP) _ Mohawk Industries Inc. (MHK) on Thursday reported fourth-quarter earnings of $248.2 million.

The Calhoun, Georgia-based company said it had net income of $3.49 per share. Earnings, adjusted for one-time gains and costs, came to $3.54 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.

The flooring maker posted revenue of $2.64 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.5 billion.

For the year, the company reported profit of $515.6 million, or $7.22 per share. Revenue was reported as $9.55 billion.

Mohawk Industries shares have climbed 13% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4%. In the final minutes of trading on Thursday, shares hit $159.71, an increase of 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MHK at https://www.zacks.com/ap/MHK