Our gross profit margin was 26.4%, an improvement over the 25.9% last year and up 70 basis points over last year, excluding restructuring charges. SG&A was $281 million or 19.1% of sales. We held dollars flat to last year, with emphasis on cost control placed across all of our businesses. We're focusing on reviewing all functions to apply Lean principles throughout the business to continue to control cost.Restructuring charges were $8 million. They included $7 million in the Mohawk segment and $1 million in the Unilin segment. We closed a yarn plant and consolidated other operations in our carpet segment, and then we've also announced an additional carpet plant closure for the third quarter.
Mohawk Industries Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts