Mohawk Trims 1Q Earnings Guidance
Calhoun, GA, March 31, 2006--Mohawk Industries, Inc., announced a revision of its guidance for earnings per diluted share to an estimate of $1.03 to $1.05 for the first quarter of 2006.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Unlin’s Uniclic Patent Upheld by European Patent O
Wielsbeke, Belgium, March 27, 2006--The Technical Board of Appeal of the European Patent Office confirmed the validity of Unilin’s European patent EP 0 843 763 with certain modifications. This decision can not be appealed.
Consumer Confidence Hits 4-Year High
New York, NY, March 28, 2006--Consumer confidence index rose 4.5 points to 107.2 from an upwardly revised 102.7 in February, despite higher gasoline prices, according to the Conference Board.
Floor & Decor Opens in Tampa
Tampa, FL, March 27, 2006--Floor & Decor Outlets of America opens its 13th location, a 50,000-square-foot retail location in Tampa, Florida.
Välinge Wins Appeals on Unilin Patent
Viken, Sweden, March 27, 2006--Välinge Innovation announced what it called two major victories at EPO against Unilin patents, and welcomed the EPO decision to reduce the scope of the first patent.
New Home Sales Off 10.5%
Washington, DC, March 24, 2006--New home sales dropped 10.5% in February to their lowest level since May 2003, according to the Commerce Department.
Faus Group to Debut Line at Domotex Asia
Dalton, GA, March 24, 2006--Faus Group Inc., has announced that it will debut Classic Americana, a premium laminate collection, during Domotex Asia in Shanghai March 28th though March 30th.
BR-111 Intros Engineered Flooring Line
Miami, FL, March 22, 2006--BR-111 Exotic Hardwood Flooring added four new products to its Triangulo Engineered line. The premium line comes in five Brazilian species and seven new SKUs, says Jason Strong, vice president of sales and marketing at BR-111.
Forbo Reduces Losses in 2005
Eglisau, Switzerland, March 22, 2006--Forbo increased its sales in 2005 by CHF 79.7 million ($US 61.2M) to CHF 1,702.0 million ($US1.3B This equates to an improvement of 4.9 %, or 4.4 % in local currency.
Construction Materials Cost Rising
Palm Springs, CA, March 22, 2006-- "Construction materials costs are outpacing overall consumer and producer prices by a wide margin," said Ken Simonson, chief economist for The Associated General Contractors of America (AGC).