Mohawk beats by $0.09, misses on revs; guides Q1 EPS in-line :
- Reports Q4 (Dec) earnings of $2.82 per share, excluding non-recurring items,$0.09 better than the Capital IQ Consensus of $2.73; revenues rose 2.4% year/year to $2 bln vs the $2.03 bln Capital IQ Consensus.
- Co issues in-line guidance for Q1, sees EPS of $2.24-2.33, excluding non-recurring items, vs. $2.32 Capital IQ Consensus Estimate.
- "We anticipate that the demand trends in our U.S. and international markets will remain consistent with what we have been experiencing. Although growth in Europe is limited and negative in Russia, our international businesses are delivering solid results on a local basis. Our sales and margins should continue to improve over last year as a result of our continued innovations, process improvements and disciplined execution. Our recent acquisitions are progressing with operational and market synergies that we anticipated. This year we will increase investments in our existing businesses to improve our long-term performance."
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