Analyst Keith Hughes on Mohawk, Interface & The Armstrong Auction – Part 4 (12:35)
August 14, 2007—Keith Hughes, Managing Director in Equity Research, SunTrust Robinson-Humphrey in the final part of a four-part series discusses, Mohawk’s commercial business, the Dal-Tile unit and the role being played by the company’s newest manufacturing facilities. Hughes discusses the second quarter performance of Interface, the company after the sales of its fabrics unit, the company’s growth in the modular arena and its third quarter guidance. Hughes also discusses the Armstrong auction and reports that the prime potential buyers have dropped out. Discussed are the possible reasons for the wholesale withdrawal of would be buyers, the options for the auction going forward and his expectations for the auction and its timeline going forward.
Related Topics:Armstrong Flooring, Interface, Mohawk Industries, Daltile