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's profit rose in the third quarter, but the slowing U.S. economy impacted its business, company officials said. Mohawk to cut production, jobs because of housing dipA slump in the housing industry is prompting Calhoun-based Mohawk Industries to cut jobs, not just on the factory floor, but sales and administrative staff as well. Hard flooring sales boost Mohawk profitCalhoun-based Mohawk Industries said third-quarter net income increased 10.3 percent on sales growth and higher gross profit margins. Mohawk Industries, Inc. Announces Third Quarter EarningsMohawk Industries, Inc. today announced 2006 third quarter net earnings of $127,708,000 and diluted earnings per share of $1.88 , in accordance with U.S. Generally Accepted Accounting Principles . Mohawk announces third quarter earningsMohawk Industries on Thursday reported third quarter net earnings for 2006 of $127.7 million and diluted earnings per share of $1.88, both 10 percent above last year for the same period. 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Aside from the real estate downturn, carpet company Mohawk Industries (nyse: MHK - news - people ) (70, MHK ) is hurting from rising oil costs. Petroleum is a critical raw material in ... What Would Warren Buy?... Littlefield, children of Miracle-Gro creator Horace Hagedorn, own about one-third of the company with their siblings. Mohawk Industries ( MHK ) A mainstay of Buffett's investment strategy is to buy simple businesses that make things people can ... SmartMoney Magazine: What Would Warren Buy?... Littlefield, children of Miracle-Gro creator Horace Hagedorn, own about one-third of the company with their siblings. Mohawk Industries ( MHK ) A mainstay of Buffett's investment strategy is to buy simple businesses that make things people can ... NFT Market Report: Laminate steps lively, but price is still the bottom lineEvidence that floor covering is taking bold strides forward can be readily found in the laminate section of most any specialty flooring store. Identify the Key & Niche Companies Operating in the World's Laminate Flooring MarketAug. 15, 2006--Research and Markets has announced the addition of Laminate Flooring - Global Strategic Business Report to their offering. SOEN: Company obtains Chinese governmental approval and favorable tax statusStocks To Watch: Solar EnerTech Corp. , Mohawk Industries Inc Frontier Oil Corporation , Chaparral Steel Company , Entree Gold Inc FEATURED STOCK: Solar EnerTech Corp. Story Stock - 07/29/2006Mohawk Industries Inc., maker of rugs and flooring products, rolled out a nice spread of financials Friday when it said it saw second quarter earnings of $1.70 per share, ex items, versus Reuters estimates ... Mohawk Industries, Inc. Announces Second Quarter EarningsMohawk Industries, Inc. today announced 2006 second quarter net earnings of $119,513,000 and diluted earnings per share of $1.76 , in accordance with U.S. Generally Accepted Accounting Principles . Roundtable: Pressures mount but opportunity still knocksNational Floor Trends asked flooring industry leaders to discuss some of the issues that are topping their agenda these days - and how they are dealing with them.
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