Mohawk Industries reports Q3 adjusted EPS $2.90, consensus $2.89

Reports Q3 revenue $2.72B, consensus $2.7B. Commenting on the company’s third quarter results, Chairman and CEO Jeff Lorberbaum stated, “We delivered a solid performance in soft market conditions, which reflects the positive impact of our sales initiatives, productivity and restructuring actions as well as lower input costs, partially offset by pricing and mix pressure. Due to our increased earnings and management of working capital, we generated free cash flow of $204M in the quarter, for a total of $443M year to date. This year, we are investing approximately $450M in capital projects focused on growth, reducing costs and asset maintenance.”