Mohawk Industries Inc. announces first quarter earnings
Mohawk Industries announced net earnings of $41,640,000 and diluted earnings per share (EPS) of $0.62 per share for the first quarter of 2003. This compares to $43,210,000 in net earnings and EPS of $0.77 for the first quarter of 2002.
This reduction primarily was the result of lower sales, reduced production levels
and higher raw material costs in the Mohawk segment, the company says. Additionally, the Mohawk segment had one less day and the Dal-Tile segment had two less days in the first quarter of 2003 compared to 2002.