Mohawk Industries Inc. said its normalized net income for the fourth quarter was $2.18 per share, compared with the S&P Capital IQ consensus estimate of $2.73 per share.
EPS rose 34.9% year over year from $1.62.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $162.6 million, a gain of 36.8% from $118.8 million in the year-earlier period.
The normalized profit margin climbed to 8.1% from 6.1% in the year-earlier period.
Total revenue grew year over year to $2.00 billion from $1.95 billion, and total operating expenses declined year over year to $1.71 billion from $1.73 billion.
Reported net income increased 30.6% on an annual basis to $191.8 million, or $2.58 per share, from $146.9 million, or $2.00 per share.
For the year, the company's normalized net income totaled $8.07 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $10.11.
EPS rose 30.4% from $6.19 in the prior year.
Normalized net income was $597.8 million, a rise of 31.6% from $454.4 million in the prior year.
Full-year total revenue grew year over year to $8.07 billion from $7.80 billion, and total operating expenses totaled $7.02 billion, compared with $6.98 billion in the prior-year period.
The company said reported net income grew 15.7% on an annual basis to $615.3 million, or $8.31 per share, in the full year, from $531.9 million, or $7.25 per share.