Distribution segment sales increased 3.8 percent.
Day: July 18, 2013
The 1-million-square-foot facility will help facility same-day and next-day delivery.
Residential construction sales increased by 57.3 percent year-on-year.
Independent business, Save-A-Lot and retail food sales declined.
CEO: Demand for mining equipment was soft.
The new president has been with the company for 20 years.
All regions showed sequential growth except North America.
Profit increased 31.2 percent to $51.3 million.
Repair systems & information group segment sales had the greatest increase.
Economist: Six-month growth rate suggests economy will expand through the end of the year.
Profit for the manufacturer increased 3.5 percent in the quarter.
Parent company Genuine Parts Company reported a sales increase of 10%.
Mohawk manufactures precision springs, wire forms and rings.