Mohawk Industries Q4 Profit Rises - Quick Facts

(RTTNews) - Mohawk Industries, Inc. (MHK) reported fourth-quarter net income attributable to the company of $94.65 million or $1.29 per share, compared to $66.39 million or $0.95 per share, last year.

Excluding unusual charges, net earnings were $131.1 million or $1.79 per share, up from $70.4 million or $1.01 per share in the prior year quarter. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.75 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.92 billion, from $1.44 billion, last year, while 14 analysts expected revenue of $1.92 billion for the quarter.

Looking ahead to the first quarter, the company expects earnings of $1.13 to $1.19 per share, excluding any restructuring charges. Analysts currently expect earnings of $1.52 per share.