Stifel Maintains Mohawk’s Hold, Raises Estimates

New York, NY, April 25, 2007--Analysts at Stifel Nicolaus & Company maintain their "hold" rating on Mohawk, while raising their estimates for the company.

In a research note the analysts mention that the company has reported its 1Q operating EPS significantly ahead of the estimates and the consensus. Despite low Mohawk and Dal-Tile segment revenues, Mohawk Industries’ results were healthy due to a robust contribution from the Unilin division, the analysts say. Unilin may achieve higher–than-expected margins in 2007 on account of a robust business environment in Europe and favourable currency valuations, Stifel Nicolaus & Company adds.

The EPS estimates for FY07 and FY08 have been raised from $6.36 to $6.48 and from $7.25 to $7.53, respectively.