Mohawk Industries Q4 Profit Rises; Provides Q1 EPS Outlook - Quick Facts

(RTTNews.com) - Mohawk Industries, Inc. ( MHK ) reported fourth-quarter net earnings attributable to the company of $66.4 million or $0.95 per share, compared to $42.9 million or $0.62 per share in the year-ago quarter.

Adjusted net earnings attributable to the company for the fourth quarter were $70.4 million or $1.01, compared to $49.5 million or $0.72 per share for the prior year quarter. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.95 per share. Analysts' estimates typically exclude special items.

Net sales for the current fourth quarter rose 4% to $1.44 billion from $1.38 billion in the comparable quarter last year, while twelve analysts had consensus revenue estimate of $1.43 billion for the fourth quarter.

Looking forward, the company forecast first quarter earnings of $0.77 to $0.86 per share, excluding any restructuring costs. Analysts currently expect the company to earn $0.92 per share for the first quarter.

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