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QuickStepHQMohawk Industries posted record third quarter profits thanks to the successful integration of acquisitions and gains made by new product lines.


The diversified producer, which has divisions serving carpets, wood, laminate, vinyl and ceramic tiles, racked up third quarter pre-tax earnings up 46 per cent to $265.2m (£174m) as group revenue climbed 8 per cent to $2.15bn (£1.42bn).


On a constant currency basis, the rise was even higher at +15 per cent.


Mohawk is the world’s biggest flooring company and a major player in the UK market, thanks to its ownership of multiple European brands including IVC, Quick-Step, Pergo and Marazzi. Its carpets are also sold in this country.


Its runs three major divisions include Flooring Rest of the World, which includes its operations in Europe. Sales in this division rose 24 per cent (+41pc at constant currency) during the third quarter to $404m (£266m).


Some of that was down to IVC—its most recent acquisition—with the company also saying its laminate sales increased with its new product collection one of its most successful ever due to its differentiated features and performance benefits such as water resistant technology.


Wood sales improved along with its mix as it enhanced its Quick-Step and Pergo products with matt finishes, rustic visuals and brushed planks, it added.


Its vinyl business also improved with significant growth in LVT. It said it was introducing new LVT sizes with embossing, enhanced scratch resistance and superior click installation systems to add more value to its offering and to up sales in the commercial sector.