Mohawk Q1 Sales Rise 15.5%
Calhoun, GA, May 6, 2016—Mohawk Industries announced Q1 2016 net sales of $2.2 billion, or diluted earnings per share (EPS) of $2.30, compared to net sales of $1.9 billion, or diluted EPS of $0.30, in Q1 2015.
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.
Economy Added 160,000 Jobs in April, Unemployment Holds at 5%
Washington, DC, May 6, 2016—Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0%, the U.S. Bureau of Labor Statistics reported.
Durkan Wins Top Product Design Award at HD Expo 2016
Las Vegas, NV, May 6, 2016—Durkan, the hospitality brand of Mohawk Group, was awarded the top product design award in the Carpeting/Carpet Systems/Rugs category for its Traces collection at the 2016 Hospitality and Design Expo and Conference.
Builder Confidence in 55+ Housing Market Ends 2016 on Record High
Washington, DC, May 6, 2016—The Q4 results of the NAHB’s 55+ Housing Market Index show that builders are feeling quite positive about the market with segments of the market registering increases compared to the same quarter a year ago.
Välinge Signs Extended Patent Protection on LVT and WPC Products
Viken, SW, May 6, 2016—Välinge has signed several license agreements with manufacturers of WPC and LVT floorings, thereby extending their IP protection through cross-licenses and non-assertion undertakings.
Michelle Barton Promoted to EVP & CFO of AmericasMart Atlanta
Atlanta, GA, May 6, 2016—Michelle Barton has been named executive vice president and chief financial officer of AmericasMart Atlanta and its AMC, Inc. parent entity by action of the AMC board of directors.
NTCA Names Winners of its Five Star Prize Awards at Coverings
Chicago, IL, May 6, 2016—The National Tile Contractors Association (NTCA) recognized industry leaders at its fourth annual awards ceremony during Coverings 2016 at McCormick Place in Chicago, Illinois.
Crossville Celebrating 30th Anniversary
Crossville, TN, May 5, 2016—Domestic porcelain tile manufacturer Crossville, Inc. celebrates its 30th anniversary on May 5.
Construction Begins on Interceramic's New Headquarters
Carrollton, TX, May 5, 2016—Construction has begun on Interceramic’s new Carrolton, Texas headquarters, according to BisNow.
Houzz Q1 2016 Renovation Barometer Reflects Industry Confidence
Palo Alto, CA, May 5, 2016—Houzz’s Q1 2016 Renovation Barometer reflected strong quarter-over-quarter confidence for all industry groups, with readings of 68 or higher, indicating a seasonal uptick in market activity.