Exhibit 99.1

NEWS RELEASE          ____

For Release:        Immediately            

Contact:         Frank H. Boykin, Chief Financial Officer (706) 624-2695

MOHAWK INDUSTRIES, INC. ANNOUNCES

SECOND QUARTER EARNINGS

Calhoun, Georgia, August 2, 2012 - Mohawk Industries, Inc. (NYSE:MHK) today announced 2012 second quarter net earnings of $73 million and diluted earnings per share (EPS) of $1.06. Net earnings excluding restructuring charges were $79 million and EPS was $1.14, a 20% increase over last year’s second quarter adjusted EPS. Net sales for the second quarter of 2012 were $1.5 billion, in line with prior year and an increase of 2% on a constant exchange rate. For the second quarter of 2011, net earnings were $61 million and EPS was $0.88. Net earnings excluding restructuring charges for the second quarter of 2011, were $66 million and EPS was $0.95.

For the six months ending June 30, 2012, net sales were $2.9 billion, an increase of 2% versus prior year and 4% on a constant exchange rate. Net earnings and EPS for the six-month period were $114 million and $1.64, respectively. Net earnings excluding restructuring charges were $120 million and EPS was $1.73, an increase of 25% over the six-month adjusted EPS results in 2011. For the six months ending July 2, 2011, net sales were $2.8 billion, net earnings were $84 million and EPS was $1.22. Excluding restructuring charges, net earnings and EPS were $95 million and $1.38, respectively.

Commenting on Mohawk Industries’ second quarter performance, Jeffrey S. Lorberbaum, Chairman and CEO, stated, “Selling prices offsetting raw material inflation, productivity gains, product mix improvements and lower interest costs all contributed to our results. Sales increased 2% on a constant exchange rate with commercial sales continuing to outpace residential sales. We continue to control SG&A

cost while increasing new product investments across all businesses. During the quarter, we generated adjusted EBITDA of $187 million, free cash flow of $96 million and paid off $336 million of senior notes. We have addressed many of today’s economic challenges by enhancing our product differentiation, reducing costs, improving efficiencies and entering new product categories and geographies.”

Mohawk segment adjusted operating income margin increased 110 basis points over 2011 with gains from pricing, improved product mix and lower costs from productivity offsetting lower volume and higher material costs. Segment sales were down 3% during the second quarter. Carpet sales for both the industry and Mohawk were approximately flat compared to last year with residential remodeling activity slow. Our rug sales continued to be soft due to lower retail sales, as well as retailers deferring promotional activities and further reducing inventory within the channel. During the quarter, Mohawk’s SmartStrand^® Silk™ premium carpet collection experienced strong sales growth due to its unsurpassed softness and proprietary environmental features. We executed productivity improvements across the business with particular gains from our capital investments and reduction of waste.

Dal-Tile segment sales grew 7% during the quarter or 8% on a constant exchange rate. The segment posted gains from increases in both residential and commercial sales and growth in the Mexican market. Operating margins were enhanced by higher volumes, greater manufacturing efficiencies, improved material formulations and increased recycling. To address the changing market demand, we converted mosaic and floor tile production to porcelain, increased our ability to make larger sizes and expanded our Reveal Imaging™ capabilities. The new Salamanca facility in Mexico is producing red-body tile for the domestic market. The plant’s start-up costs are in line with our expectations, and we anticipate positive contributions in early 2013 due to higher volume and productivity.

Unilin segment sales decreased 2% but increased 7% on a constant exchange rate. Outside North America, laminate and wood flooring sales grew from continued expansion in the DIY channel, expanded distribution in the U.K. and Australian sales. Our Russian facility is progressing with increased productivity and is manufacturing more complex products. In North America, laminate sales grew from increased

promotional activity by large retailers and greater penetration in the home center channel. Laminate collections featuring richly embossed surfaces, premium long planks and our proprietary GenuEdge Technology ™ improved our mix in both the remodeling and new construction markets. Our insulated roofing product sales declined in Europe as the housing market contracted but were offset by the growth of our insulation panels, which help to meet energy efficiency goals.

Mohawk’s commitment to product innovation, resource management and process improvements yielded improved second quarter results. Our investments in innovative products improved our mix and contributed to higher margins. Though sales softened in the second quarter, U.S. order rates have shown some improvement as we began the third quarter. We do not expect material costs to follow oil price declines due to specific higher chemical costs. In the U.S., low mortgage rates and higher housing starts should support future flooring sales. In Europe, we will have the normal seasonal slowing and expect the present trends to continue with exchange rates being a headwind. Based on these factors, our guidance for third quarter earnings is $0.96 to $1.05 per share, excluding any restructuring costs.

We have addressed many of today’s economic challenges by enhancing our product differentiation, reducing costs, improving efficiencies and entering new product categories and geographies. We retain a strong financial position, which provides us flexibility to invest in strategic opportunities going forward.

Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk provides a complete selection for all markets of carpet, ceramic tile, laminate, wood, stone, vinyl and rugs. These products are marketed under the premier brands in the industry including Mohawk, Karastan, Lees, Bigelow, Durkan, Mohawk Home, Daltile, American Olean, Unilin and Quick-Step. Mohawk’s unique merchandising and marketing assists the consumer in creating exquisite floors to fulfill their dreams. Mohawk provides a premium level of service with its own trucking fleet and local distribution in the U.S. Mohawk’s international presence includes operations in Australia, Brazil, China, Europe, Malaysia, Mexico and Russia.

Certain of the statements in the immediately preceding paragraphs, particularly anticipating future

performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements.” For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. The following important factors could cause future results to differ: changes in economic or industry conditions; competition; inflation in raw material prices and other input costs; energy costs and supply; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; integration of acquisitions; international operations; introduction of new products; rationalization of operations; tax, product and other claims; litigation; and other risks identified in Mohawk’s SEC reports and public announcements.

Conference call Friday, August 3, 2012 at 11:00 AM Eastern Time

The telephone number is 1-800-603-9255 for US/Canada and 1-706-634-2294 for International/Local.

Conference ID # 98256242. A replay will also be available until August 17, 2012 by dialing 855-859-2056

    for US/local calls and 404-537-3406 for International/Local calls and entering Conference ID # 98256242.

MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES
Consolidated Statement of Operations	Three Months Ended				Six Months Ended
(Amounts in thousands, except per share data)	June 30, 2012		July 2, 2011		June 30, 2012			July 2, 2011
Net sales	$	1,469,793	1,477,854		2,878,828			2,821,449
Cost of sales	1,081,329		1,095,607		2,130,938			2,097,610
Gross profit	388,464		382,247		747,890			723,839
Selling, general and administrative expenses	280,746		280,547		568,196			566,055
Operating income	107,718		101,700		179,694			157,784
Interest expense	18,844		25,760		41,342			52,355
Other (income) expense, net	440		396		(1,385		)	381
Earnings before income taxes	88,434		75,544		139,737			105,048
Income tax expense	15,246		13,450		25,537			18,416
Net earnings	73,188		62,094		114,200			86,632
Net earnings attributable to noncontrolling interest	—		(1,191	)	(635		)	(2,287	)
Net earnings attributable to Mohawk Industries, Inc.	$	73,188	60,903		113,565			84,345
Basic earnings per share attributable to Mohawk Industries, Inc.	$	1.06	0.89		1.65			1.23
Weighted-average common shares outstanding - basic	68,984		68,744		68,923			68,709
Diluted earnings per share attributable to Mohawk Industries, Inc.	$	1.06	0.88		1.64			1.22
Weighted-average common shares outstanding - diluted	69,259		68,981		69,204			68,942
Other Financial Information
(Amounts in thousands)
Net cash provided by operating activities	$	140,046	96,003		95,576			28,590
Depreciation and amortization	$	71,831	74,344		145,117			148,597
Capital expenditures	$	44,436	59,708		87,687			112,519
Consolidated Balance Sheet Data
(Amounts in thousands)
					June 30, 2012			July 2, 2011
ASSETS
Current assets:
Cash and cash equivalents					$	319,463		285,422
Receivables, net					782,122			797,893
Inventories					1,161,073			1,102,769
Prepaid expenses and other current assets					144,915			125,815
Deferred income taxes					126,613			135,338
Total current assets					2,534,186			2,447,237
Property, plant and equipment, net					1,652,444			1,730,914
Goodwill					1,363,356			1,418,830
Intangible assets, net					564,948			681,178
Deferred income taxes and other non-current assets					149,843			110,841
					$	6,264,777		6,389,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt					$	57,158		453,185
Accounts payable and accrued expenses					733,411			771,297
Total current liabilities					790,569			1,224,482
Long-term debt, less current portion					1,570,530			1,155,150
Deferred income taxes and other long-term liabilities					427,360			460,109
Total liabilities					2,788,459			2,839,741

Noncontrolling interest	—		32,300
Total stockholders' equity	3,476,318		3,516,959
	$	6,264,777	6,389,000

Segment Information	Three Months Ended					As of or for the Six Months Ended
(Amounts in thousands)	June 30, 2012			July 2, 2011		June 30, 2012			July 2, 2011
Net sales:
Mohawk	$	734,493		758,064		1,434,373			1,449,229
Dal-Tile	404,288			379,469		797,213			723,884
Unilin	354,374			363,097		691,798			688,929
Intersegment sales	(23,362		)	(22,776	)	(44,556		)	(40,593	)
Consolidated net sales	$	1,469,793		1,477,854		2,878,828			2,821,449
Operating income (loss):
Mohawk	$	37,136		31,201		62,418			48,241
Dal-Tile	36,432			32,138		62,460			49,838
Unilin	40,575			46,209		67,721			72,459
Corporate and eliminations	(6,425		)	(7,848	)	(12,905		)	(12,754	)
Consolidated operating income	$	107,718		101,700		179,694			157,784
Assets:
Mohawk						$	1,791,376		1,783,630
Dal-Tile						1,742,563			1,700,482
Unilin						2,539,997			2,717,032
Corporate and eliminations						190,841			187,856
Consolidated assets						$	6,264,777		6,389,000

Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc.
(Amounts in thousands, except per share data)
				Three Months Ended					Six Months Ended
				June 30, 2012			July 2, 2011		June 30, 2012		July 2, 2011
Net earnings attributable to Mohawk Industries, Inc.				$	73,188		60,903		113,565		84,345
Adjusting items:
Business restructurings				8,226			6,514		8,226		13,327
Income taxes				(2,201		)	(1,818	)	(2,201	)	(2,836	)
Adjusted net earnings attributable to Mohawk Industries, Inc.				$	79,213		65,599		119,590		94,836
Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.				$	1.14		0.95		1.73		1.38
Weighted-average common shares outstanding - diluted				69,259			68,981		69,204		68,942
Reconciliation of Operating Cash Flow to Free Cash Flow
(Amounts in thousands)
	Three Months Ended June 30, 2012
Net cash provided by operating activities	$	140,046
Additions to property, plant and equipment	(44,436		)
Free cash flow	$	95,610
Reconciliation of Net Earnings to Adjusted EBITDA
(Amounts in thousands)
	Three Months Ended
	June 30, 2012
Net earnings	$	73,188
Income tax expense	15,246
Interest expense	18,844
Depreciation and amortization	71,831
EBITDA	179,109
Business restructurings	8,226
Adjusted EBITDA	$	187,335
Reconciliation of Net Sales to Net Sales on a Constant Exchange Rate
(Amounts in thousands)
	Three Months Ended						Six Months Ended
	June 30, 2012			July 2, 2011			June 30, 2012		July 2, 2011
Net sales	$	1,469,793		1,477,854			2,878,828		2,821,449
Adjustment to net sales on a constant exchange rate:
Exchange rate	36,326			—			49,962		—
Net sales on a constant exchange rate	$	1,506,119		1,477,854			2,928,790		2,821,449

Reconciliation of Segment Net Sales to Segment Net Sales on a Constant Exchange Rate
(Amounts in thousands)
	Three Months Ended
Dal-Tile	June 30, 2012			July 2, 2011
Net sales	$	404,288		379,469
Adjustment to segment net sales on a constant exchange rate:
Exchange rate	3,555			—
Segment net sales on a constant exchange rate	$	407,843		379,469
Reconciliation of Segment Net Sales to Segment Net Sales on a Constant Exchange Rate
(Amounts in thousands)
	Three Months Ended
Unilin	June 30, 2012			July 2, 2011
Net sales	$	354,374		363,097
Adjustment to segment net sales on a constant exchange rate:
Exchange rate	32,771			—
Segment net sales on a constant exchange rate	$	387,145		363,097
Reconciliation of Gross Profit to Adjusted Gross Profit
(Amounts in thousands)
	Three Months Ended
	June 30, 2012			July 2, 2011
Gross Profit	$	388,464		382,247
Adjustment to gross profit:
Business restructurings	6,636			5,532
Adjusted gross profit	$	395,100		387,779
Adjusted gross profit as a percent of net sales	26.9		%	26.2	%
Reconciliation of Operating Income to Adjusted Operating Income
(Amounts in thousands)
	Three Months Ended
	June 30, 2012			July 2, 2011
Operating income	$	107,718		101,700
Adjustment to operating income:
Business restructurings	8,226			6,514
Adjusted operating income	$	115,944		108,214
Adjusted operating margin as a percent of net sales	7.9		%	7.3	%
Reconciliation of Segment Operating Income to Adjusted Segment Operating Income
(Amounts in thousands)
	Three Months Ended
Mohawk	June 30, 2012			July 2, 2011
Operating income	$	37,136		31,201
Adjustment to segment operating income:
Business restructurings	7,383			6,514
Adjusted segment operating income	$	44,519		37,715
Adjusted operating margin as a percent of net sales	6.1		%	5	%
Reconciliation of Segment Operating Income to Adjusted Segment Operating Income
(Amounts in thousands)
	Three Months Ended
Unilin	June 30, 2012			July 2, 2011
Operating income	$	40,575		46,209

Adjustment to segment operating income:
Business restructurings	843			—
Adjusted segment operating income	$	41,418		46,209
Adjusted operating margin as a percent of net sales	11.7		%	12.7	%

Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes
(Amounts in thousands)
	Three Months Ended
	June 30, 2012			July 2, 2011
Earnings before income taxes	$	88,434		75,544
Adjustment to earnings before income taxes:
Business restructurings	8,226			6,514
Adjusted earnings before income taxes	$	96,660		82,058
Reconciliation of Income Tax Expense to Adjusted Income Tax Expense
(Amounts in thousands)
	Three Months Ended
	June 30, 2012			July 2, 2011
Income tax expense	$	15,246		13,450
Adjustment to income tax expense:
Income tax effect of business restructurings	2,201			1,818
Adjusted income tax expense	$	17,447		15,268
Adjusted income tax rate	18		%	19	%
Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses
(Amounts in thousands)
	Three Months Ended
	June 30, 2012			July 2, 2011
Selling, general and administrative expenses	$	280,746		280,547
Adjustments to selling, general and administrative expenses:
Business restructurings	(1,590		)	(982	)
Exchange rate	(6,042		)	—
Adjusted selling, general and administrative expenses	$	273,114		279,565
Adjusted selling, general and administrative expenses as a percent of net sales	18.6		%	18.9	%
The Company believes it is useful for itself and investors to review, as applicable, both GAAP and the
above non-GAAP measures in order to assess the performance of the Company's business for
planning and forecasting in subsequent periods.