11 八月, 23:37
Mohawk Industries, Inc. announced 2Q 2016 record net earnings of $255 million, a 35% increase versus prior year. Excluding restructuring, acquisition and other charges, net earnings were $259 million, a 29% increase over last year's 2Q, as the company said in the press release received by Lesprom Network.
Net sales for the 2Q 2016 were $2.3 billion, up 13.2% versus the prior year's 2Q or approximately 12.1% increase on a constant days and currency exchange rate basis.
For the six months ending July 2, 2016, net earnings were $427 million. Net earnings excluding restructuring, acquisition and other charges were $436 million and EPS was $5.85, an increase of 33% over the six-month period adjusted EPS result in 2015.
For the six month period, net sales were $4.5 billion, an increase of 14% versus prior year as reported or 15% on a constant currency basis.
Commenting on Mohawk Industries' 2Q performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, "We delivered our highest sales for any quarter in the company's history, and our earnings per share set an all-time record for the company, marking the ninth consecutive quarter that Mohawk has delivered a year over year record quarterly adjusted EPS. Our operating margin rose to a 2Q record of 15.2%, an increase of 270 basis points, or 15.4% on an adjusted basis, an increase of 160 basis points, as a result of productivity, sales volume, acquisitions and lower inputs, partially offset by investments in SG&A and unfavorable price-mix.”
Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world.