Mohawk Delays Filing of Quarterly Report

Calhoun, GA, Nov. 7, 2008--Mohawk Industries Inc. is delaying the filing of its quarterly report because the company is assessing how its declining stock price and deteriorating industry will impair its goodwill and other intangibles.

The announcement, in a Nov. 6 Securities and Exchange Commission filing, comes three days after Mohawk announced a $1.4 billion loss during the third quarter on $1.8 billion in sales.

The quarter included a $1.3 billion non-cash charge for goodwill and other intangibles impairment and $253 million in deferred tax impairments.

During the last year, Mohawk Industries’ stock price, along with much of the stock market, has declined 53 percent, and closed Nov. 6 at $38.15 per share.

The company stated in the filing it will file its third quarter 2008 report no later than Nov. 12.

During Mohawk Industries’ third quarter earnings conference calls, CEO Jeffrey Lorberbaum said the current period was one of the most difficult he had experienced in the carpet and flooring industry.

“The industry environment shows no signs of a recovery,” he said.