Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Calhoun, GA, Feb. 5--Mohawk Industries, Inc. today announced the highest quarterly net earnings in its history of $102,142,000 and diluted earnings per share (EPS) of $1.51 (both 21% above last year) for the fourth quarter of 2003.
Washington, Feb. 4--A seasonal decline in home prices and rising family income led to improved housing affordability conditions in the fourth quarter.
Bend, OR, Feb. 3--Millstone Industries today announced that a letter of intent was signed for the purchase of Morelock Enterprises, Inc.
Newark, NJ, Feb. 3--A federal judge on Monday refused to remove himself from overseeing five bankruptcy cases involving companies sued by people exposed to asbestos.
Amsterdam. NY, Feb. 2--Amsterdam gets grant to clean up ex-carpet manufacturing site. A $1.7 million state environmental grant will help pay for the restoration of a former carpet manufacturing plant in Amsterdam, N.Y.
Washington, Feb. 2--Construction spending rose in December amid higher outlays on homes and educational facilities.
Danville, VA, Jan. 29--Columbia Flooring today announced that it has reached an agreement with Gilbert, West Virginia-based International Industries Inc.to purchase full ownership interest in Appalachian Precision Hardwood Flooring and Appalachian Custom
Minneapolis, Jan 27--Kathleen M. Bader was named chairman, president and chief executive of Cargill Dow LLC, a joint venture of Dow Chemical Co. and closely held commodity processing giant Cargill Inc.
Fairlawn, OH, Jan. 26—Omnova Solutions Inc. today reported a loss of $61.3 million or $(1.53) per diluted share for the fourth quarter of 2003.
Washington, Jan. 26--Existing-home sales bounced back in December after a two-month slide from September's record pace. In all of 2003, sales sizzled at the highest level on record, fueled by rock-bottom interest rates.