CALHOUN, Ga. -- Mohawk Industries Inc. has reported that the company’s sales and earnings for the first quarter of 2001 declined from the same period a year earlier.
The company’s net sales for the quarter were $743.7 million compared to $765.1 million for the first quarter of 2000. Diluted earnings per share (EPS) came in at 51 cents, which translates to $27.2 million in net earnings in the first quarter of 2001. Net earning for the same period a year prior were $34.0 million, or 61 cents per share. Gross profit as percentage of net sales declined to 23.9% from 24.9%.