D.R. Horton's Net Income Rose 16% YOY in Q3
Arlington, TX, July 31, 2017—D.R. Horton’s net income rose 16% year over year to $289.0 million for fiscal quarter three 2017, from $249.8 in Q3 2016.
Today's Flooring News
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.
Durable Goods Orders Rose 6.5% in June
Washington, DC, July 31, 2017— New orders for manufactured durable goods in June increased $14.9 billion or 6.5% to $245.6 billion, the U.S. Census Bureau announced.
Consumer Sentiment Fell 1.8% in July
Ann Arbor, MI, July 31, 2017—Consumer sentiment fell 1.8% in July to 93.4, according to the final results from the Survey of Consumers by the University of Michigan.
VersaShield Brand Changing to Kovara in Early 2018
Cambridge, MA, July 31, 2017—With the acquisition of VersaShield in 2016, GCP Applied Technology is focused on creating a complete portfolio of flooring products for moisture mitigation. This portfolio of products will be sold under the Kovara brand name.
Coverings Announces Call for Presentations and Ideas for 2018
Atlanta, GA, July 31, 2017—Coverings has announced a call for presentations and ideas for the 2018 show.
NAFCD Announces Partnership with JAST Media
Chicago, IL, July 31, 2017—The North American Association of Floor Covering Distributors (NAFCD) is pleased to announce a new partnership with JAST Media, a leading Portland-based digital marketing agency that specializes in online strategy for distributors and manufacturers.
Construction Rose in 41 States YOY in June
Arlington, VA, July 31, 2017—Forty-one states added construction jobs between June 2016 and June 2017 amid continuing widespread demand for construction services, while 25 states and the District of Columbia added construction jobs between May and June, according to an analysis by the Associated General Contractors of America of Labor Department data.
Mohawk Earnings up 7% on 6% Sales Increase in Q2
Calhoun, GA, July 28, 2017—Mohawk Industries, Inc. reports 2017 second quarter operating income of $356 million, net earnings of $261 million and diluted earnings per share (EPS) of $3.48.
Foss Manufacturing Sells Northern Division, Rebrands as Foss Floors
Rome, GA, July 28, 2017—Foss Manufacturing Company, LLC sold its Northern Division, which manufactures nonwoven products for automotive, craft and industrial applications, to AstenJohnson Holdings, Ltd., a global supplier of innovative products and technical solutions.
Interface LVT Business Projected to Boost Sales to $20 Million for FY 2017
Richmond, VA, July 28, 2016—According to a recent Stifel newsletter, John Baugh reports, Interface's organic sales are up 4% and organic orders up 6%.