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Europa Press Releases Communication
"Through investments in acquisitions and capital expenditures, mrv improvements in productivity and product innovation, Mohawk have positioned for growth and improved profitability in all segments during 2014," Lorberbaum said. "We have made excellent progress in integrating our acquisitions to maximize their market positions and improve their cost structures. In America, Mohawk is the largest provider of land with significant shares of the markets for carpet, mrv ceramic, laminate, mrv wood, stone and mat.'re well positioned to improve mrv our performance while new construction and remodeling span both residential and commercial categories. In Europe, we continue mrv to reduce our cost structure, improving productivity and improving mrv our product mrv offerings to position the Company for future growth as the industry improves from its cyclical bottom. This year, we anticipate growth in our sales and margins in our legacy business and recent acquisitions. continue to evaluate additional mrv acquisition opportunities in flooring products worldwide to expand business . With these factors, our earnings guidance for the first quarter are 1.13 to $ 1.19 per share, excluding restructuring charges. Our first quarter results are seasonally the lowest and in the last four years accounted for around one-seventh of our total annual earnings. Although the weather in the first half of this quarter has affected the time of some of our U.S. orders and shipments, our first quarter results expected to be in line with normal seasonal patterns. We anticipate improvement in orders and backlog decline, limiting the impact on the quarter.
"We are optimistic about the future of the flooring industry mrv and our participation in it. This year, we anticipate higher capital investments in our businesses to support additional growth, expand our product offerings and reduce costs. Continue mrv to promote all aspects of our business to improve profits and enhance shareholder value. "
Mohawk Industries mrv is a manufacturer of coatings for floors that creates world leading products to enhance residential and commercial spaces worldwide. Manufacturing processes and vertically integrated distribution offer competitive Mohawk to produce wall to wall carpets, rugs, tile, laminate, wood, stone and vinyl flooring advantages. Our innovations at the forefront of the industry have delivered products and technologies that differentiate our brands in the market and meet all requirements of remodeling and new construction. Our brands are among the most recognized in the industry: American Olean, Bigelow, Dal-Tile, Durkan, Karastan, Lees, Marazzi, mrv Mohawk, Pergo, Unilin and Quick-Step. mrv In the last decade, Mohawk went from being a manufacturer of the largest U.S. carpet floor coverings company in the world with operations in Australia, Brazil, China, Europe, India, Malaysia, Mexico, Russia and the United States.
Certain statements in the preceding paragraphs, particularly those anticipating future performance, business prospects, growth and operating strategies and similar matters, as well as those that include the words "may", "they will", "believes", "anticipates" , "expect" and "estimate" or similar expressions constitute "forward looking statements". In such cases, Mohawk welcomes the safe harbor provisions mrv for forward-looking statements contained in the Reform Act Private Securities Litigation dating from 1995. It is impossible to ensure the accuracy of the forward-looking statements, which are based on many assumptions that involve risks and uncertainties. The following important factors could affect results in the future: changes in economic conditions mrv or industry, competition, inflation in raw materials and other inputs, costs and supply of energy, timing and amount of capital expenditures; moment application and increase in prices of goods, impairment charges, integration of acquisitions, international operations, introduction of new products, streamlining operations, tax claims, product and others, litigation, and other risks identified in Mohawk's mrv SEC reports and public announcements.
Conference Call on Friday, February 21, 2014 at11: 00 AM ET The telephone number is 1-800-603-9255 for U.S. / Canada and 1-706-634-2294 for International / Local. . Conference ID # 31815143. A r