Mohawk announces record earnings for second quarter 2001
Net sales for the quarter decreased 3% to $828,348,000 compared to $852,808,000 for the second quarter of 2000. Continued softness in the industry and general difficult economic conditions contributed to the sales decrease.
EPS for the first half of 2001 was $1.39 or $73,672,000 in net earnings compared to $1.47 EPS in the first half of 2000 or $81,200,000 in net earnings. Net sales for the first half of 2001 were $1,572,031,000 representing a 3% decrease from first half 2000 net sales of $1,617,891,000.