Tag Archives: Mohawk Industries

Mohawk Q3 Net Up 27 Percent

Mohawk Industries

CALHOUN, Ga.-Cost-cutting initiatives enabled Mohawk Industries to pump up net income by 27 percent in its fiscal third quarter, to $151.3 million. As Jeff Lorberbaum, chairman and CEO, explained in a conference call on Friday to financial analysts, Mohawk worked to improve productivity and contain costs throughout the quarter, which ended on Sept. 27. SomeMore »

Last updated: November 3, 2014

Mohawk Q2 Net Jumps 80.6 Percent

Mohawk Industries

CALHOUN, Ga.-Improvements in productivity and cost controls teamed with a tick-up in sales to boost Mohawk Industries’ second-quarter net income by 80.6 percent, to $152.8 million. Jeffrey Lorberbaum, Mohawk’s chairman and CEO, cited the gains in productivity, the slimming of costs and successful product launches for the company’s burgeoning bottom line in the quarter, whichMore »

Last updated: August 1, 2014

Mohawk Net Climbs 60.6 Percent in Q1

Mohawk Industries

CALHOUN, Ga.-Bolstered by gains in sales and margins, Mohawk Industries posted a 60.6 percent jump in first-quarter net income, which totaled $81.1 million. Jeffrey Lorberbaum, the company’s chairman and CEO, said the bottom-line performance exceeded Mohawk’s expectations. Lorberbaum attributed this to contributions from tile maker Marazzi and panel-board manufacturer Spano, which Mohawk acquired last year;More »

Last updated: May 2, 2014

Mohawk Net Up 15.6 Percent in “Most Successful Second Quarter”

Mohawk Industries

CALHOUN, Ga.-In what Jeffrey Lorberbaum, chairman and CEO, characterized as the company’s “most successful second quarter on record,” Mohawk Industries reported an increase of 15.6 percent in net income, to $84.6 million. The flooring giant’s top line was the major contributor to its performance in the quarter, which ended on June 29. Total net salesMore »

Last updated: August 2, 2013

Tisch Named Vice President of Marketing at Safavieh

Carol Tisch

PORT WASHINGTON, N.Y.–Carol Tisch has been appointed vice president of marketing and branding strategy for area rug and home furnishings resource Safavieh. She reports to Arash Yaraghi, company principal, and has been with Safavieh since 2005. “As we continue to expand our wholesale lines to include a comprehensive total home collection with rugs, indoor andMore »

Last updated: July 26, 2013