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Oct 30, 2020 / The Right News Right When It Happens

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Mohawk’s Q3 Sales Up 2%, Earnings Up 31%

Calhoun, GA, October 30, 2020-Mohawk reported Q3 2020 net sales of $2.6 billion, an increase of 2% compared to Q3 2019 net sales of $2.5 billion. Net earnings were $205 million in Q3 2020, a 31% increase compared to Q3 2019 net earnings of $156 million.

Today's Flooring News

Builder Confidence in 55+ Market Hit All-Time High in Q3

Washington, DC, October 30, 2020-Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI).

Floor & Decor's Sales Up 31.4% in Q3, Net Income Up 67.8%

Atlanta, GA, October 30, 2020-Floor & Decor reported a Q3 2020 net sales increase of 31.4% to $684.8 million from $521.1 million in Q3 2019.

Consumer Sentiment Rose 1.7% to 81.8 in October

Ann Arbor, MI, October 30, 2020-Consumer sentiment rose 1.7% in October to 81.8, according to final results from the University of Michigan Survey of Consumers.

Consumer Spending Rose 1.4% in September

Washington, DC, October 30, 2020-Personal income increased $170.3 billion (0.9%) in September, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $150.3 billion (0.9%), and personal consumption expenditures (PCE) increased $201.4 billion (1.4%).

Koch Industries Makes Investment in Victoria Carpets

New York, NY, October 30, 2020-Koch Industries, which owns Invista and its Stainmaster and Antron brands, will invest more than £218 million ($285 million) in Victoria, a British flooring company that supplies carpet to the royal family, reports MarketWatch.

AHF Introduces Vinyl Collection Under Hartco Contract Brand

Mountville, PA, October 30, 2020-AHF Products is launching Hartco Contract, a new line of vinyl plank and tile floors, including SPC rigid core, loose lay thick LVT and dry back traditional LVT, as well as homogeneous and heterogeneous vinyl sheet designed for light commercial, multi-family and manufactured housing installations.