Ceramic Industry News

Mohawk Reports Increased First Quarter Earnings; Dal-Tile Sales Flat

Mohawk Industries Inc. recently announced 2011 first quarter net earnings of $23 million. Excluding restructuring charges, 2011 first-quarter net earnings were $29 million. For the first quarter of 2010, net earnings were $21 million. Excluding restructuring charges, 2010 first quarter net earnings were $24 million. Net sales for the first quarter of 2011 were $1.3 billion, which was flat vs. 2010.

Net sales for the Dal-Tile segment increased approximately 1% compared to last year. Net sales for the three months were $344,415, compared to $341,396 in the previous year’s quarter.

“We grew our operating margin to 4.7%, excluding restructuring charges, an improvement of approximately 40 basis points over the first quarter last year by continuing to drive cost reductions, manufacturing improvements and efficiency gains throughout the enterprise,” said Jeffrey S. Lorberbaum, chairman and CEO. “Sales reported during the period were flat with last year, with the outlook strengthening for the balance of the year. In the U.S., both remodeling and home sales are expected to improve over last year, and non-residential investment is estimated to increase over 8% in 2011.”

For additional details, visit www.mohawkind.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!