April 29, 2006—The second part of a two-part series featuring Mohawk Industries first quarter earnings conference call. Included are excerpts from the question and answer period with questions fielded by Mohawk Chairman & CEO, Jeff Lorberbaum and Mohawk CFO, Frank Boykin.
April 29, 2006—The financial report segment of Mohawk Industries first quarter earnings conference call presented by Mohawk Chief Financial Officer Frank Boykin.
April 27, 2006—Mike Barker, Investment & Retirement Management discusses the market reaction to rising oil prices and its reaction to the comments made yesterday by the new Federal Reserve chairman Ben Bernanke that many feel was a signal that the Fed would halt rate hikes. Barker discusses the recent positive economic news, Mohawk’s first quarter earnings report, the rising prices of oil and their possible affects on earnings, the 6-month strategy and the Chinese central bank's move to boost a key base rate and how that may affect U.S. business.
April 25, 2006—Frank O’Neill, Publisher, Floor Focus’ Frank O’Neill discusses: Shaw’ purchase of the remaining 50% of the Evergreen Nylon recycling operation in Augusta, Georgia; The agreement between Martha Stewart and Safavieh for a new rug line to be launched at the Atlanta Winter Market 2007; Home Depot’s pending acquisition of the catalog and online retailer Home Decorators Collection; The sales of Amtico at auction: Interface’s sale of its European fabrics unit; The possible sale of Propex’s Seneca South Carolina plant; and Tile Partners for Humanity’s donation of six trailer loads of tile stone after Coverings 2006.
April 23, 2006—The first part of a five-part series, presented in segments of about 10 -15 minutes, this series looks at the homebuilder sector of the floor covering industry with three flooring contractors and FloorExpo members: Tom Boschwitz, Home Valu Interiors, Minneapolis, Steve Hoppe, Arlun Interiors, Colorado Springs and Denver, Blake Lewis, Atlanta West Carpets, Atlanta and Jay Smith, president of FloorExpo. In this segment panelist discuss their companies and current trends among the large national and small builders, and Home Depot’s presence and growing threat in marketplace.
April 23, 2006—The second part of a five part series that will be presented in shorter segments of about 10-15 minutes. This series looks at the homebuilder sector of the floor covering industry with three flooring contractors and FloorExpo members: Tom Boschwitz, Home Valu Interiors, Minneapolis, Steve Hoppe, Arlun Interiors, Colorado Springs and Denver, Blake Lewis, Atlanta West Carpets, Atlanta and Jay Smith, president of FloorExpo. In this segment the panelists discuss the slowing housing market and the pressures this places on all in the channel in the face of rising oil prices and builders seeking to drive cost from the system. Also discussed are the problems that the recent series of supplier price increases had on contractors and how suppliers might improve the process in the future. Panelists also discuss their companies’ approach to design centers and how each interacts with builders and their approach to upgrades.
April 23, 2006—The third part of a five part series that will be presented in shorter segments of about 10-15 minutes. This series looks at the homebuilder sector of the floor covering industry with three flooring contractors and FloorExpo members: Tom Boschwitz, Home Valu Interiors, Minneapolis, Steve Hoppe, Arlun Interiors, Colorado Springs and Denver, Blake Lewis, Atlanta West Carpets, Atlanta and Jay Smith, president of FloorExpo. In this segment the panelists discuss the variety of non-floor covering products each offers talk more of the about controlling upgrades in the various types of design center models, home buyer and builder attitudes concerning toward home customization and upgrades. The panelists also discuss their attitudes toward the growing trend that is seeing some of the industry’s major suppliers finalizing deals with major home builders and the pressure this is placing on contractors and how flooring contractors differ from other contractors in this situation
April 23, 2006—The fourth part of a five part series that will be presented in shorter segments of about 10 minutes. This series looks at the homebuilder sector of the floor covering industry with three flooring contractors and FloorExpo members: Tom Boschwitz, Home Valu Interiors, Minneapolis, Steve Hoppe, Arlun Interiors, Colorado Springs and Denver, Blake Lewis, Atlanta West Carpets, Atlanta and Jay Smith, president of FloorExpo. In this segment the panelists discuss Mohawk’s recently launched Portico Select program, a program that seeks to circumvent the contractor and specify product and pricing directly with the builder, Also discussed is the history of programs that circumvent the contractor, how these systems works in the field, how they negatively affects contractor margins and their expectations as to where these types of programs will lead in the future.
April 23, 2006—The fifth and final part of a five part series that will be presented in shorter segments of about 10 minutes. This series looks at the homebuilder sector of the floor covering industry with three flooring contractors and FloorExpo members: Tom Boschwitz, Home Valu Interiors, Minneapolis, Steve Hoppe, Arlun Interiors, Colorado Springs and Denver, Blake Lewis, Atlanta West Carpets, Atlanta and Jay Smith, president of FloorExpo. . In this segment the panelists discuss the future of the home builder sector of the marketplace in an environment of rising prices, a slowing housing market, expanding national builder companies and suppliers increasingly seeking deals with builders. Panelists discuss their expansion plans, their affiliation with FloorExpo and the benefits they derive from that affiliation and their views on the changes in homeowners’ tastes with regard to hard and soft surface floor coverings.
April 20, 2006—John McDevitt, former 3M Corporate Economist, now in semi-retirement, discusses the state of today’s economy, the consumer and his expectations for retail spending for the second quarter and 2006 and factors that may affect spending in the months ahead. McDevitt looks at the rising prices of oil and energy, his expectation as to when the Federal Reserve will take a rate hike breather. He takes a look at the health of the manufacturing sector and reviews the housing market, sharing his forecast for 2006.