Mohawk Industries, Inc. announced 2Q 2018 net earnings of $197 million and diluted earnings per share (EPS) of $2.62.
Adjusted net earnings were $263 million and EPS was $3.51, excluding restructuring, acquisition and other charges, a 6% decrease from last year.
Net sales for the 2Q 2018 were $2.6 billion, up 5% in the quarter and 3% on a constant currency basis. For the 2Q 2017, net sales were $2.5 billion, net earnings were $261 million and EPS was $3.48; adjusted net earnings were $278 million and EPS was $3.72, excluding restructuring, acquisition and other charges.
For the six months ending June 30, 2018, net earnings and EPS were $405 million and $5.41, respectively. Net earnings excluding restructuring, acquisition and other charges were $488 million and EPS was $6.52, an increase over the 2017 six-month period adjusted EPS.
For the 2018 six-month period, net sales were $5 billion, an increase of 7% versus prior year as reported or 3% on a constant currency and legacy basis. For the six-month period ending July 1, 2017, net sales were $4.7 billion, net earnings were $461 million and EPS was $6.17; excluding restructuring, acquisition and other charges, net earnings and EPS were $482 million and $6.44.
Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world.
