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[May 2005]
Further Progress for Dal-Tile
In reporting on first quarter earnings, Mohawk Industries Inc (Calhoun, GA, USA) said that in the period the Dal-Tile segment net sales were US$401.876 million. This represented an increase of 12% over the first quarter in 2004, primarily as a result of internal growth and improved mix.
The Dal-Tile segment continued its growth, driven by the investment in inventory availability, new products, additional selling efforts and updated sales service centres. Floor tile and stone products headed the growth. During Q1 2005 Dal-Tile opened a new design gallery in Houston, TX, USA and the company's production capacity in Mexico and Muskogee moved forward. When completed in 2006, the expansion projects will have added approximately 20% to capacity.
Dal-Tile also won the Dealers' Choice Award sponsored by 'Floor Covering Weekly' magazine for its newest manufactured ceramic products from the Muskogee plant.
Mohawk - placed number 340 on the Fortune 500 and number 959 on the Forbes Global 2000 - announced overall net sales for Q1 2005 of US$1.0913 billion, an increase of 6%. Gross margin as a percent of sales was 25.8%.
ENDS