Mohawk Industries (MHK) Misses Q3 EPS by 29c, Revenues Miss; Announces New Share Buyback Up to $500M

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Go back to Mohawk Industries (MHK) Misses Q3 EPS by 29c, Revenues Miss; Announces New Share Buyback Up to $500M

Mohawk Industries Reports Q3 Results And Announces $500 Million Stock Repurchase Plan

October 25, 2018 4:05 PM EDT

CALHOUN, Ga., Oct. 25, 2018 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2018 third quarter net earnings of $227 million and diluted earnings per share (EPS) of $3.02. Adjusted net earnings were $246 million and EPS was $3.29, excluding restructuring, acquisition and other charges, a 12% decrease from last year. Net sales for the third quarter of 2018 were $2.5 billion, up 4% in the quarter and 5% on a constant currency basis. For the third quarter of 2017, net sales were $2.4 billion, net earnings were $270 million and EPS was $3.61; adjusted net earnings were $281 million, and EPS was $3.75, excluding restructuring, acquisition and... More