CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported second-quarter profit of $196.1 million.
On a per-share basis, the Calhoun, Georgia-based company said it had net income of $3.22. Earnings, adjusted for non-recurring costs, were $3.67 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The flooring maker posted revenue of $2.99 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.83 billion.
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