Mohawk declares revision of its guidance for earnings
31 Mar '06
3 min read
The startup for two new distribution sites, a yarn and fiber manufacturing plant, a Mexican ceramic production line, a U.S. laminate flooring plant and a carpet padding plant is substantially complete. In the quarter the startup costs were approximately $10 to $11 million. In the second quarter, we should begin the startup of our Muskogee ceramic plant expansion and complete a third distribution site for the Mohawk segment. Total startup costs for the second quarter should decrease to a range of $3 to $4 million.
A conference call will be held on March 31, 2006 to discuss this release. Details for the call are provided below.
Our earnings release for the first quarter of 2006 is scheduled for April 27, 2006 with the conference call scheduled for 11:00 AM eastern time on April 28, 2006. We will issue guidance for the second quarter of 2006 in that release.
There will be a conference call Friday, March 31, 2006 at 11:00 AM Eastern Time.
For over 120-years Mohawk has been a trusted name in carpets. All major flooring categories, carpet, rugs, hardwood, laminate, ceramic tile, and vinyl flooring can be purchased at an authorized Mohawk dealer for residential or commercial application.
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