Analysts Keep Mohawk Hold Rating, Reduce Estimates

New York, NY, July 18, 2006--Analysts at Stifel Nicolaus & Company maintain their "hold" rating on Mohawk, while reducing their estimates for the company. In a research note published this morning, the analysts mention that carpet producers are expected to raise carpet prices going ahead, following the rise in fiber prices in early July. The challenging macro environment is expected to exert pressure on Mohawk’s margins going forward, the analysts add. The EPS estimates for 2006 and 2007 have been reduced from $6.27 to $6.09 and from $7.40 to $6.82, respectively, to reflect the impact of deteriorating consumer confidence, a slowdown in housing trends and rising raw material prices.