CALHOUN, Georgia - Mohawk Industries, Inc. (NYSE: MHK) today announced 2009 first quarter sales of US$1,208 million, a decrease of 30% from 2008, which includes two fewer days or 3% less than last year. We had an operating loss of US$146 million in the quarter. A charge of US$122 million was recorded for a discontinued carpet tile backing which included a US$110 million sales allowance and a US$12 million inventory reserve. Sales declined 20% excluding the sales allowance on a constant exchange rate with comparable days. Operating income was US$42 million excluding the carpet tile charge, a US$62 million FIFO inventory flow through and a US$4 million restructuring cost. Our loss in the first quarter was US$1.55 per share or US$106 million. Based on the current business environment, all segments anticipate positive operating income in the second quarter.
LOS ANGELES - Metro Public Relations announces the inaugural Celebrity Nobles Humanitarian Awards, to be held on October 18th, 2009, in Beverly Hills at the Beverly Hilton Hotel. An unprecedented humanitarian recognition event, the night will honor philanthropic organizations and the celebrities that make considerable contributions to them. The show will feature live musical acts, Hollywood's most active charity supporters, and provide an international platform to bring awareness about non-profits and their causes to the greater public.
HOUSTON - Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today that its 2009 Annual Meeting of Stockholders will be held on Wednesday, July 15, 2009, at 10:00 a.m., local time, at the Hilton Houston North, 12400 Greenspoint Drive, Houston, Texas. The Board of Directors have established Wednesday, June 3, 2009, as the record date for determining stockholders of record entitled to notice of, and to vote at, the 2009 Annual Meeting of Stockholders.
LONDON - Just days ahead of World Malaria Day 2009 Comic Relief has awarded GBP6.3m in funding to Malaria Consortium and the Global Fund to help protect over 1m people in Africa from malaria.
NEW YORK - $100 Million Renovation Features Luxurious Guestrooms, Marble Baths & Redesigned Public Areas That Include First US Location for Noted London Restaurant, Le Caprice at The Pierre
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