Mohawk’s Non-GAAP Q3 EPS Beats Estimate as Revenue Misses by $30 Million

Mohawk Industries, Inc. posted non-GAAP earnings of $2.72 per share for the third quarter, beating the estimate by 14 cents, while revenue fell $30 million short of expectations. Revenue totaled $2.79 billion, up 1.1% from a year earlier. Adjusted EBITDA was approximately $353 million, representing a 12.7% margin. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost