Mohawk Industries reports Q4 adjusted EPS $1.95, consensus $1.85

Reports Q4 revenue $2.6B, consensus $2.54B. Commenting on the company’s fourth quarter and full year, CEO Jeff Lorberbaum stated, “Our fourth quarter results exceeded our expectations as sales actions, restructuring initiatives and productivity improvements benefited our performance. Additionally, the negative sales impact from U.S. hurricanes was limited to approximately $10M. While residential demand remained soft in our markets, our product introductions last year and our marketing initiatives contributed to our sales performance around the globe.”