John Swift, Former CFO of Mohawk, Has Died
Roswell, GA, April 29, 2019-John Swift, 77, former chief financial officer for Mohawk, died April 19.
Today's Flooring News
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GDP Rose 3.2% in Q1, According to Advance Estimate
Washington, DC, April 26, 2019-Real gross domestic product (GDP) increased at an annual rate of 3.2% in the first quarter of 2019, according to the advance estimate released by the Bureau of Economic Analysis.
Novalis Breaks Ground on Shanghai Factory Expansion
Shanghai, China, April 29, 2019-Novalis Innovative Flooring celebrated the expansion of its manufacturing near Shanghai, China with a ground-breaking ceremony on March 28.
Consumer Sentiment Posted Slight Decline of 1.2% in April
Ann Arbor, MI, April 26, 2019—Consumer sentiment fell 1.2% to 97.2 in April, from March’s 98.4 rate, according to the University of Michigan Survey of Consumers.
Q1 Homeownership Rates Drop to Two-Year Low
Washington, DC, April 26, 2019—The homeownership rate fell for the first time in more than two years in Q1, reports The Wall Street Journal in an article by Laura Kusisto.
Mohawk Sales Up 1.2% YOY in Q1, Earnings Fell
Calhoun, GA, April 26, 2019-Mohawk reported Q1 2019 net sales of $2.442 billion, compared to $2.412 billion in Q1 2018, an increase of 1.2%.
Spending Outpaced Income Growth in March
Washington, DC, April 29, 2019-Personal consumption expenditures (PCE) increased $123.5 billion (0.9%), according to estimates released by the Bureau of Economic Analysis.
Halstead Wins Sustainability Excellence Award for Supply Chain
Calhoun, GA, April 26, 2019—Halstead International received the Sustainability Excellence Award from APICS Atlanta Chapter, Metro Atlanta Chamber, and the Council of Supply Chain Management Professionals.
NTCA Announces Winners of Scholarships and Awards
Arlington, VA, April 26, 2019-The National Tile Contractors Association (NTCA) announced the 2019 recipients of the NTCA Tom Ade Ceramic Tile Scholarship as well as the winners of its project of the year, person of the year and Joe A. Tarver Award.
Heritage Oak Earns NWFA/NOFMA Mill Certification
St. Louis, MO, April 26, 2019-Heritage Oak in Sarcoxie, Missouri is the latest company to earn NWFA/NOFMA Mill Certification from the National Wood Flooring Association.