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Mohawk 3Q profits get boost from Dal-Tile biz.

By Hogsett, Don
Publication: Home Textiles Today
Date: Monday, October 28 2002

CALHOUN, GA -- Lifted by sharply stronger sales, generated mostly by an earlier acquisition, and given a further assist by substantially wider margins, third-quarter profits at Mohawk Industries Inc. jumped up by 46.4 percent, to $81.6 million from $55.7 million last year.

Sales climbed higher by more than a third, rising by 34.9 percent, to $1.2 billion from $907.9 million the prior year, with most of the big gain from the buyout of floor tile producer Dal-Tile.

Sales in the core Mohawk products business grew by 2.0 percent, the company said, to $927.1 milli

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