Mohawk Announces Record Second-Quarter Earnings

Mohawk Announces RecordSecond-Quarter EarningsCalhoun, Ga.-based Mohawk Industries Inc. announced
record net earnings and diluted earnings per share (EPS) for the second quarter of 2002. Net
earnings totaled $75,518,000, which was 63-percent higher than earnings for the same quarter in
2001. EPS of $1.10 were 25 percent above last years figures. Net sales for the quarter increased by
42 percent to $1,227,747,000. Mohawk attributes the improvements to increased sales and operating
earnings and to its merger with Dal-Tile. Growth in home and residential products resulted in an
8-percent increase in Mohawk segment net sales, which totaled $938,446,000. The Dal-Tile segments
net sales of $289,301,000 grew 9 percent, which primarily resulted from residential products.
September 2002