Mohawk trims earnings guidance
July 9, 2008,
Calhoun, Ga. – Floorcovering giant Mohawk Industries has lowered its second quarter 2008 guidance for earnings per diluted share to $1.23-$1.26, down from previous guidance of $1.36-$1.45.
The company said it continues to push cost-containment initiatives internally and is “implementing multiple price increases” as well.
Mohawk plans to release 2Q earnings results on July 21.
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