CALHOUN, Ga.--Mohawk Industries Inc. recently announced record net earnings and diluted earnings per share (EPS) for the fourth quarter of 2001.
The company announced $59,193,000 in net earnings or $1.11 per share. This compares to $39,262,000 in net earnings or EPS of $0.74 for the fourth quarter of 2000. This improvement was the result of increased sales, improved gross profit, reduced selling, general and administrative and interest expenses, and an adjustment to reduce the effective income tax rate for tax credits.