TITLE

Mohawk's Profits Come Back to Earth

AUTHOR(S)
Hogsett, Don
PUB. DATE
February 2005
SOURCE
Home Textiles Today;2/21/2005, Vol. 26 Issue 24, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that cooling off a long ride of strong earnings growth, fourth quarter profits at Mohawk Industries Inc. The company might have reported a small earnings drop but for a deep 13.5 percent cut in interest expense, which saved it $1.9 million. The closing quarter came as something of a rude awakening to investors who had become accustomed to strong, steady earnings growth. In sharp contrast to the relatively flat fourth quarter, earnings had grown 23.3 percent during the third quarter.
ACCESSION #
16201092

 

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