Exhibit 99.1

MOHAWK INDUSTRIES, INC.
CONSOLIDATED SUPPLEMENTAL STATEMENTS OF EARNINGS DATA
(In thousands, except per share data)
Fiscal Quarters Ended Year Ended
April 3, 2004 July 3, 2004 October 2, 2004 December 31, 2004 December 31, 2004
Net sales  $               1,389,725                    1,485,897                    1,529,651                    1,475,099                    5,880,372 
width="232" Cost of sales                    1,024,179                    1,082,578                    1,093,598                    1,059,176                    4,259,531 
        Gross profit                      365,546                       403,319                       436,053                       415,923                    1,620,841 
 Selling, general and administrative  expenses                      246,507                       252,646                       242,995                       243,103                       985,251 
        Operating income                      119,039                       150,673                       193,058                       172,820                       635,590 
Other expense (income):
   Interest expense                        13,954                         13,212                         13,918                         12,308                         53,392 
   Other expense                          1,928                           2,568                           3,706                           1,529                           9,731 
   Other income                           (506)                        (1,577)                        (1,239)                        (1,600)                        (4,922)
                       15,376                         14,203                         16,385                         12,237                         58,201 
        Earnings before income taxes                      103,663                       136,470                       176,673                       160,583                       577,389 
Income taxes                        37,356                         49,312                         63,986                         58,113                       208,767 
   
width="232"        Net earnings   $                    66,307                         87,158                       112,687                       102,470                       368,622 
Basic earnings per share  $                        1.00                             1.31                             1.69                             1.54                             5.53 
Weighted-average common
   shares outstanding                        66,629                         66,742                         66,669                         66,689                         66,682 
Diluted earnings per share  $                        0.98                             1.29                             1.67                             1.52                             5.46 
 Weighted-average common  and dilutive                     
   potential common shares outstanding                        67,599                         67,564                         67,468                         67,595                         67,557 
Segment information:
   Net sales:
    Mohawk  $               1,030,442                    1,105,493                    1,129,422                    1,103,474                    4,368,831 
    Dal-Tile                      359,283                       380,404                       400,229                       371,625                    1,511,541 
          Consolidated net sales  $               1,389,725                    1,485,897                    1,529,651                    1,475,099                    5,880,372 
   Operating income:
    Mohawk  $                    71,772                         97,050                       131,361                       124,073                       424,256 
    Dal-Tile                        49,402                         55,895                         62,750                         51,784                       219,831 
    Corporate                        (2,135)                        (2,272)                        (1,053)                        (3,037)                        (8,497)
          Consolidated operating income  $                  119,039                       150,673                       193,058                       172,820                       635,590 

1


MOHAWK INDUSTRIES, INC.
CONSOLIDATED SUPPLEMENTAL STATEMENTS OF EARNINGS DATA
(In thousands, except per share data)
Fiscal Quarters Ended Year Ended
March 29, 2003 June 28, 2003 September 27, 2003 December 31, 2003 December 31, 2003
Net sales  $        1,083,422             1,245,870                    1,301,547                    1,368,542                    4,999,381 
Cost of sales                800,696                897,463                       927,813                       979,607                    3,605,579 
        Gross profit               282,726                348,407                       373,734                       388,935                    1,393,802 
Selling, general and administrative expenses               204,533                218,339                       214,330                       214,571                       851,773 
        Operating income                 78,193                130,068                       159,404                       174,364                       542,029 
Other expense (income):
   Interest expense                 13,098                  14,087                         14,162                         14,228                         55,575 
   Other expense                   1,391                    1,058                           1,800                           2,003                           6,252 
   Other income                 (1,871)                 (3,163)                           (467)                        (2,731)                        (8,232)
                12,618                  11,982                         15,495                         13,500                         53,595 
        Earnings before income taxes                 65,575                118,086                       143,909                       160,864                       488,434 
Income taxes                 23,935                  43,101                         52,527                         58,722                       178,285 
   
        Net earnings   $             41,640                  74,985                         91,382                       102,142                       310,149 
Basic earnings per share  $                 0.63                      1.14                             1.38                             1.54                             4.68 
Weighted-average common shares         
   outstanding                 66,355                  65,886                         66,260                         66,504                         66,251 
Diluted earnings per share  $                 0.62                      1.12                             1.36                             1.51                             4.62 
Weighted-average common and dilutive
   potential common shares outstanding                 67,119                  66,709                         67,222                         67,434                         67,121 
Segment information:
   Net sales
    Mohawk  $           806,818                925,434                       965,786                    1,032,807                    3,730,845 
    Dal-Tile               276,604                320,436                       335,761                       335,735                    1,268,536 
          Consolidated net sales  $        1,083,422             1,245,870                    1,301,547                    1,368,542                    4,999,381 
   Operating income:
    Mohawk  $             40,830                  85,724                       108,499                       128,987                       364,040 
    Dal-Tile                 38,348                  46,699                         52,702                         49,496                       187,245 
    Corporate                    (985)                 (2,355)                        (1,797)                        (4,119)                        (9,256)
          Consolidated operating income  $             78,193                130,068                       159,404                       174,364                       542,029 

2


Years Ended December 31,
2004 2003 2002 2001 2000
 

(In thousands, except per share data)

Statement of earnings data:                  
Net sales  $    5,880,372        4,999,381        4,516,957        3,441,267        3,400,905 
Cost of sales        4,259,531        3,605,579        3,247,865        2,583,669        2,556,772 
  Gross profit        1,620,841        1,393,802        1,269,092           857,598           844,133 
               
Selling, general and administrative
  expenses           985,251           851,773           747,027           530,441           527,018 
Class action legal settlement                      -                      -                      -                      -               7,000 
  Operating income           635,590           542,029           522,065           327,157           310,115 
                   
Interest expense             53,392             55,575             68,972             29,787             38,044 
Other expense (income), net               4,809             (1,980)              9,464               5,954               4,442 
            58,201             53,595             78,436             35,741             42,486 
  Earnings before income taxes           577,389           488,434           443,629           291,416           267,629 
Income taxes           208,767           178,285           159,140           102,824           105,030 
  Net earnings  $       368,622           310,149           284,489           188,592           162,599 
Basic earnings per share  $             5.53                 4.68                 4.46                 3.60                 3.02 
Weighted-average common shares
  outstanding             66,682             66,251             63,723             52,418             53,769 
Diluted earnings per share  $             5.46                 4.62                 4.39                 3.55                 3.00 
Weighted-average common and
   dilutive potential common shares
   outstanding             67,557             67,121             64,861             53,141             54,255 

3

UNITED STATES  

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 15, 2004


MOHAWK INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or Other
Jurisdiction of
Incorporation)

01-19826
(Commission File
Number)

52-1604305
(IRS Employer
Identification No.)

 

 

 

160 South Industrial Blvd., Calhoun, Georgia

30701

(Address of Principal Executive Offices)

 (Zip Code)

 

Registrant's telephone number, including area code (706) 629-7721

__________________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)

      Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 o Written communication pursuant to Rule 425 under Securities Act (17 CFR 230.425)
 o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act CFR 240.14d-2(b))
 o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act CFR 240.17R 240.13e-4(c))

 



Item 8.01  Other Events.

Mohawk Industries, Inc. reclassified certain prior period financial statement balances to conform to current presentations to include certain distribution costs in selling, general and administrative costs rather than cost of sales and certain freight backhaul credits  were reclassified to cost of sales. The consolidated supplemental statements of earnings reflecting the reclassifications are included in Exhibit 99.1.
 

Item 9.01. Financial Statements and Exhibits.

C. Exhibits

99.1 Consolidated supplemental statements of earnings.

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                                                                                                Mohawk Industries, Inc.

                                                                                                        

                  Date: February 15, 2005                                          By: /s/ FRANK H. BOYKIN

                                                                                                                 Frank H. Boykin

                                                                                                           Chief Financial Officer



INDEX TO EXHIBITS

Exhibit

 

99.1.    Consolidated supplemental statements of earnings.