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Mohawk Industries Reports Q4 Results
/EIN News/ CALHOUN, Ga., Feb. 11, 2021 (GLOBE NEWSWIRE) Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 fourth quarter net profit of $248 million and diluted earnings per share (EPS) of $3.49. Adjusted net earnings were $252 million, and EPS was $3.54, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2020 were $2.6 billion, an increase of 9.0% as reported and 5.5% on a constant currency and days basis. For the fourth quarter of 2019, net sales were $2.4 billion, net earnings were $265 million and EPS was $3.68, which included a one-time tax benefit. Adjusted net earnings were $162 million, and EPS was $2.25, excluding restructuring, acquisition and other charges in addition to the one-time tax benefit.
Mohawk Industries Names James F. Brunk Chief Financial Officer
CALHOUN, Ga., Feb. 10, 2021 (GLOBE NEWSWIRE) Mohawk Industries, Inc. (NYSE: MHK) today announced the appointment of James F. Brunk as chief financial officer, effective April 1, 2021.
“I have worked with Jim for many years, and I am confident that he will do an excellent job as our chief financial officer,” said Jeff Lorberbaum, Mohawk’s chairman and chief executive officer. “He has a deep understanding of our global operations and will positively influence our performance. His expertise in financial planning and analysis, mergers and acquisitions, accounting and investor relations has been exhibited throughout his three-decade career.”
If people can’t access treatment for a substance-use disorder (SUD) close to where they live, they might not get any treatment, said Justine Welsh, MD, a child and adolescent and addiction psychiatrist and director of the Emory Healthcare Addiction Services.
End the overdose crisis
The AMA Opioid Task Force has practical advice and resources for physicians looking to take action to help reverse the nation’s opioid epidemic.
Having evidence-based care for SUDs throughout Georgia is just one goal of a new partnership between Emory Healthcare and the Hazelden Betty Ford Foundation. The Atlanta-based health system and the national, nonprofit addiction treatment provider created the Addiction Alliance of Georgia in a multiyear partnership that seeks to build wide-ranging treatment access for patients with a SUD as well as promote evidence-based research and education efforts for all Georgians.
Mohawk Industries, Inc. Invites You to Join the Fourth Quarter 2020 Conference Call on the Web
Live Conference Call:
Conference ID: 7346226
Mohawk Industries is the leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. Mohawk s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include American Olean, Daltile, Durkan, Karastan, IVC, Marazzi, Mohawk, Pergo, Quick-Step and Unilin. During the past decade, Mohawk has transformed its business from an American carpet manufacturer into the world s largest flooring company with operations in Australia,