Mohawk Soft Surface Sales Outpace Hard Surface in Q3

Mohawk Industries reported that third-quarter soft surface sales outpaced hard surface and the company is assertively growing capacity to expand business in several categories, according to a recent earnings call.

“The hurricanes in Texas and Florida interrupted normal purchasing patterns and impacted our sales during the period,” said Jeff Lorberbaum, chairman and CEO, Mohawk industries. “For the quarter, our soft surfaces sales growth exceeded hard surfaces, which were constrained by production limitations that will be addressed in the fourth quarter. Growth in our residential carpet outpaced our commercial sales. We have recently announced a 5 to 6% price increase on all of our carpet products effective the end of this year to cover our increasing costs.”