Mohawk Ind confirms admirable Dal-Tile performance during Q2
21 Jul '05
5 min read
Their leverage at 24% debt to capitalization provided the opportunity to acquire Unilin. The company is in the process of obtaining regulatory approvals for the combination in the United States and Europe. The combined management team is developing a long-term strategy to maximize their laminate business. They expect the acquisition to be slightly accretive in 2006.
A strong housing market and declining unemployment continue to support the overall economy. Business in the residential new construction and commercial markets has continued to show strength. Other economic factors such as high oil and gasoline prices have affected their retail replacement business. Future raw material and energy prices are not predictable and may affect their industry.
After considering these factors, the third quarter earnings forecast is from $1.71 to $1.80 EPS.
Georgia based Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of broadloom carpet, ceramic tile, wood, stone, laminate, vinyl, rugs and other home products.
Products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Ralph Lauren, Lees, Bigelow, Dal-Tile and American Olean. Mohawk's unique merchandising and marketing assist their customers in creating the consumers' dream. The company provides a premium level of service with its own trucking fleet and over 250 local distribution locations.
marketing@alchempro.com
