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MHK-04arfin
Mohawk Industries reported net earnings of $368.6 million for 2004, up 19% from 2003. This was driven by strong sales growth from both its Mohawk and Dal-Tile segments, improved manufacturing efficiencies, and the acquisition of Lees Carpet, though these gains were partially offset by higher raw material and energy costs. Net sales increased 17.6% to $5.88 billion in 2004, with both segments experiencing strong internal sales growth. Mohawk continues to implement price increases to offset its rising costs.
