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Oct 29, 2021 / The Right News Right When It Happens

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Mohawk Sales Up 9.4% in Q3, Earnings Up 32%

Calhoun, GA, October 29, 2021-Mohawk Industries announced Q3 2021 net earnings of $271 million, a 32% increase compared to $205 million in Q3 2020. Net sales for Q3 2021 were $2.8 billion, up 9.4% compared to $2.6 billion in Q3 2020.

Today's Flooring News

Tarkett's Global Revenue Rose 4.2% in Q3, NA Revenue Rose 5.2%

Paris, FR, October 29, 2021—Tarkett has reported revenue of 809.4 euros for Q3 2021, a 4.2% increase compared to revenue of 776.9 euros in Q3 2020. This increase is due to increased sale prices (+3.9%) and growth in volumes (+1.1%).

Forbo Announces Commercial Price Increase

Hazleton, PA, October 29, 2021—Due to the well-publicized increases in transportation costs, Forbo Flooring Systems announces an increase in its shipping and handling surcharge to 2.6% to 2.8%, effective with all U.S. and Canadian commercial orders placed on or after November 1.

Consumer Sentiment Closes October Down 1.5% at 71.7

Ann Arbor, MI, October 29, 2021-Consumer sentiment slid 1.5% to 71.7 in October, according to final results from the University of Michigan Survey of Consumers.

Personal Income Down 1.0% in September, Spending Rose 0.6%

Washington, DC, October 29, 2021—Personal income decreased $216.2 billion (1.0%) in September, according to estimates released by the Bureau of Economic Analysis.