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.

Kronotex USA Names New CFO & Warehouse Manager

Alpharetta, GA July 22--Kronotex USA recently appointed Robert Dichiara as its new vice president, chief financial officer and Ken Wilkerson as warehouse manager. Both will reside in the Alpharetta, Ga. office.

Tennant 2Q EPS Up 14%

Minneapolis, MN, July 22—Floor maintenance equipment company Tennant Co. reported net earnings of $3.7 million, or $0.41 per diluted share, on net sales of $128.8 million for its second quarter.

Sears Earnings Below Expectations

Hoffman Estates, IL, July 22—Sears reported quarterly profit that was well below Wall Street expectations because of poor spring clothing sales, and forecast weaker-than-expected full-year results.

Home Builder D.R. Horton Profits Rise

Arlington, TX, July 21-- D.R. Horton, Inc., the number one U.S. home builder, reported that net income for the quarter ended June 30, 2004 increased 62% to $251.3 million or $1.06 per diluted share.

Honeywell’s 2Q Earnings Up 13%

Morris Township, NJ, July 21 – Honeywell today announced second quarter earnings per share of $0.42, an increase of $0.05 or 14% over the prior year.

Mohawk 2Q Earnings Up 16%

Calhoun, GA, July 21--Mohawk Industries, Inc. today announced record diluted earnings per share (EPS) and net earnings for the second quarter of 2004 of $1.29 (15% above last year) and $87,158,000 (16% above last year), respectively.

Linens 'n Things 2Q Earnings Drop

Clifton, NJ, July 21--Home decor retailer Linens 'n Things Inc. said its quarterly profit fell, matching its lowered forecast, after it drew fewer-than-expected shoppers in May.

Greenspan Sees Gradual Rate Hikes

Washington, July 21--Fed Chairman Alan Greenspan said today the U.S. central bank aims to continue raising interest rates at a gradual clip over the next 18 months or so.