Mohawk sees quarterly ROW sales top US$500m
Unilin and IVC parent Mohawk has seen its non-North American flooring sales on a constant currency basis top US$500m in the past quarter.
‘For the quarter [to 30 September], our Flooring Rest of the World Segment's sales increased 13% as reported and 8% on a constant days and currency basis,’ said Jeffrey Lorberbaum, Mohawk executive chairman.
‘The segment had an exceptional quarter with the majority of our manufactured product sales and earnings growing dramatically. Our patent revenue is running at a higher rate than we anticipated due to broader use of our patents and the increase in worldwide sales of LVT.
‘During the period, our price and mix improvements offset inflation and currency changes. Our laminate innovation in proprietary structures and water-proof technologies is increasing the selection of our products by customers who would ordinarily purchase wood flooring.
‘Our present European LVT manufacturing is nearing capacity, and our new plant will begin operating by the end of the year. The new plant will expand our capacity of flexible LVT as well as produce rigid LVT. We are expanding the segment's commercial sales force to increase the specifications of sheet vinyl, LVT and our upcoming carpet tile collections. Our new commercial carpet tile plant should initiate limited production in the fourth quarter.’
Net ROW sales were US$523m, but on a constant currency basis were US$500.3m. Net RWO sales for the nine month period were US$1.52bn, up from US$1.45bn.
Quarterly North American flooring sales rose by 2% to US$1.03bn while net global ceramic sales rose 9% to US$839m.