Ceramic Industry News / Whitewares

Mohawk Sales Up; Dal-Tile Sales Grow 9% in Third Quarter

November 12, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Mohawk Industries Inc. recently announced 2012 third quarter net earnings of $70 million. Net sales for the third quarter of 2012 were $1.5 billion, an increase of 2% vs. the prior year.

Dal-Tile sales grew 9% during the quarter, or 10% on a constant exchange rate. The segment reportedly improved sales in both residential and commercial categories, and continued significant growth in the Mexican market. Operating margins were reportedly enhanced from actions that improved productivity and increased yields. Sales grew across all residential channels, supported by the company’s new Reveal Imaging designs, mosaics and larger format tiles that are aligned with today’s decorating trends.

“All of our segments delivered solid third quarter performances with improvements in product mix, pricing, volume and productivity, as well as lower interest expense contributing to our results,” said Jeffrey S. Lorberbaum, chairman and CEO. “Across the enterprise, we have managed to keep SG&A dollars in line with last year, even as we invested significantly more in new product innovations and marketing to improve our future sales and product mix.”

For additional information, 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.

Multimedia

Videos

Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

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.

Directories

CI Data Book July 2012

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

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px