Exhibit 99.1

Mohawk Industries, Inc. Announces Third Quarter Earnings

CALHOUN, Ga., Nov. 4, 2010 /PRNewswire-FirstCall/ — Mohawk Industries, Inc. (NYSE: MHK) today announced 2010 third quarter net earnings of $51 million and diluted earnings per share (EPS) of $0.74 which included unusual items that were offsetting. For the third quarter of 2009, the net earnings were $34 million and EPS was $0.50. Excluding the 2009 unusual items, net earnings and EPS would have been $44 million and $0.64 per share. Net sales for the third quarter of 2010 were $1.3 billion which was a decrease of 5.3% versus 2009 net sales or 3.8% decrease with a constant exchange rate. We have a strong financial position with free cash flow of $87 million in the quarter and an improving net debt to EBITDA ratio of 2.0.

For the first nine months of 2010, our net earnings were $140 million and EPS was $2.03. Excluding unusual items, net earnings would have been $128 million and EPS would have been $1.86. In the first nine months of 2009, our net loss was $25 million and loss per share was $0.37. Excluding the 2009 unusual items, net earnings and EPS would have been $108 million and $1.57. Net sales for the first nine months of 2010 were $4.1 billion representing a 1.5% increase from 2009. On a constant exchange rate, constant days and excluding 2009 sales adjustments, net sales decreased 2.9%.

In commenting on the third quarter results, Jeffrey S. Lorberbaum, Chairman and CEO stated, “Our earnings were in line with our expectations though the industry slowdown continued into the third quarter. All of our businesses were impacted by soft industry conditions during the quarter. In response, we reduced our operating costs, implemented product promotions to drive sales, introduced new products to satisfy market changes and continued our international expansion strategies in Mexico, China and Russia. Our cost containment and restructuring initiatives resulted in the lowest SG&A expense in over twelve quarters. Liquidity remains strong with over $850 million available of which approximately $300 million will be used to retire our 2011 bonds.”

Our Mohawk segment made progress improving operating margins excluding restructuring charges, by 34%, however, some of the progress came at the expense of lower sales which were down 6%. The margins were benefited by price increases, product mix and productivity improvements. To improve our position, we have adjusted prices on specific products, initiated selected promotions and introduced additional polyester products which are gaining share. We are seeing higher demand levels in our commercial business as the remodeling markets improve. Commercial carpet tile is growing faster and we are expanding our tile assortment with new styling and broader price points. We are reducing our manufacturing and administrative costs, increasing service levels, improving quality and introducing innovative products.

Our Dal-Tile segment net sales were down 5% due to continued softness in the ceramic markets and the impact of lost production at our Monterrey, Mexico facility. We have announced a price increase for selective products to cover increased transportation costs beginning in November. We introduced more new products primarily focused on the residential remodeling with enhanced merchandising to maximize sales and minimize disruptions from our lost production. Commercial ceramic sales appear to have reached a cyclical bottom and the health care, education and institutional channels are outperforming. Our manufacturing team continues to implement cost savings by increasing production speeds, improving productivity and utilizing more local materials. A hurricane in July caused a flash flood which completely shut down our Monterrey, Mexico ceramic facility and it is currently operating at normal levels. The insurance claim for the damage and disruption was resolved during the quarter with proceeds compensating for damage, repair, lost sales and margin impact. During the period our ceramic investment in China was completed and we have begun developing new products for both the Chinese and American markets. A new site near Mexico City has been selected for a tile plant which will begin production of low to medium priced tile in 2012.

Our Unilin segment net sales decreased 2% as reported, but increased 6% using a constant exchange rate. Business in Europe improved while conditions remained difficult in the U.S. markets. Margins declined in the quarter as prices lagged material costs, U.S. sales slowed and maintenance expense increased. Our European sales improved in most markets and products except for roofing systems. Conditions in the U.S. remain weak and we are stimulating demand with promotions. We are broadening our distribution with Home Centers and National accounts by providing fashionable products. In Russia we are expanding our laminate customer base to support

the new flooring plant which should be operational in mid 2011. Sales of our insulation boards are rising and we are increasing production to satisfy demand. The plants are improving productivity and reducing indirect expenses.

The third quarter sales demand and raw material trends are expected to continue through the fourth quarter. Next year, we anticipate increased sales growth, higher selling prices and margin improvement as we gain leverage from the changes we have implemented in the business. Our fourth quarter guidance for earnings is $0.53 to $0.63 per share. The fourth quarter of this year includes four fewer days in the period compared to last year.

Mohawk is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl, and rugs. These products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Lees, Bigelow, Dal-Tile, American Olean, Unilin and Quick Step. Mohawk’s unique merchandising and marketing assist our customers in creating the consumers’ dream. Mohawk provides a premium level of service with its own trucking fleet and local distribution.

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; raw material and energy costs; timing and level of capital expenditures; integration of acquisitions; rationalization of operations; claims; litigation and other risks identified in Mohawk’s SEC reports and public announcements.

There will be a conference call Friday, November 5, 2010 at 11:00 AM Eastern Time.

The telephone number to call is 1-800-603-9255 for US/Canada and 1-706-634-2294 for International/Local. Conference ID # 15970034. A conference call replay will also be available until November 19, 2010 by dialing 800-642-1687 for US/local calls and 706-645-9291 for International/Local calls and entering Conference ID # 15970034.

MOHAWK INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statement of Operations

		Three Months Ended								Nine Months Ended
(Amounts in thousands, except per share data)		October 2, 2010				September 26, 2009				October 2, 2010				September 26, 2009
Net sales		$	1,309,552				1,382,565				4,056,874				3,996,916
Cost of sales			964,620				1,013,106				2,995,940				3,106,380
Gross profit			344,932				369,459				1,060,934				890,536
Selling, general and administrative expenses			259,750				301,388				832,405				893,671
Operating income (loss)			85,182				68,071				228,529				(3,135	)
Interest expense			30,046				32,318				102,985				92,504
Other income, net			(3,471	)			(610	)			(5,842	)			(2,617	)
Earnings (loss) before income taxes			58,607				36,363				131,386				(93,022	)
Income tax expense (benefit)			7,513				2,015				(8,327	)			(67,744	)
Net earnings (loss)		$	51,094				34,348				139,713				(25,278	)
Basic earnings (loss) per share		$	0.74				0.50				2.04				(0.37	)
Weighted-average common shares outstanding — basic			68,593				68,456				68,567				68,446
Diluted earnings (loss) per share		$	0.74				0.50				2.03				(0.37	)
Weighted-average common shares outstanding — diluted			68,773				68,653				68,764				68,446
Other Financial Information
(Amounts in thousands)
Net cash provided by operating activities		$	121,417				143,048				210,394				412,720
Depreciation and amortization		$	72,956				76,435				222,251				221,177
Capital expenditures		$	39,101				18,358				86,240				71,281

Consolidated Balance Sheet Data

(Amounts in thousands)		October 2, 2010				September 26, 2009
ASSETS
Current assets:
Cash and cash equivalents		$	365,835				306,145
Receivables, net			697,491				832,105
Inventories			996,271				939,478
Prepaid expenses			87,208				117,367
Deferred income taxes and other current assets			147,397				164,016
Total current assets			2,294,202				2,359,111
Property, plant and equipment, net			1,680,541				1,841,779
Goodwill			1,389,057				1,424,391
Intangible assets, net			710,934				817,586
Deferred income taxes and other non-current assets			117,176				45,588
		$	6,191,910				6,488,455
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt		$	351,486				53,163
Accounts payable and accrued expenses			779,825				876,579
Total current liabilities			1,131,311				929,742
Long-term debt, less current portion			1,303,151				1,802,138
Deferred income taxes and other long-term liabilities			441,948				510,486
Total liabilities			2,876,410				3,242,366
Total equity			3,315,500				3,246,089
		$	6,191,910				6,488,455

Segment Information

		As of or for the Three Months Ended								As of or for the Nine Months Ended
(Amounts in thousands)		October 2, 2010				September 26, 2009				October 2, 2010				September 26, 2009
Net sales:
Mohawk		$	713,481				755,904				2,177,646				2,118,025
Dal-Tile			345,074				361,590				1,050,088				1,096,772
Unilin			276,594				281,803				890,859				829,984
Intersegment sales			(25,597	)			(16,732	)			(61,719	)			(47,865	)
Consolidated net sales		$	1,309,552				1,382,565				4,056,874				3,996,916
Operating income (loss):
Mohawk		$	31,127				16,261				74,100				(142,234	)
Dal-Tile			33,913				21,166				77,432				72,626
Unilin			24,640				34,929				93,434				80,622
Corporate and eliminations			(4,498	)			(4,285	)			(16,437	)			(14,149	)
Consolidated operating income (loss)		$	85,182				68,071				228,529				(3,135	)
Assets:
Mohawk										$	1,652,737				1,697,334
Dal-Tile											1,677,957				1,622,502
Unilin											2,542,233				2,754,233
Corporate and eliminations											318,983				414,386
Consolidated assets										$	6,191,910				6,488,455

Reconciliation of Net Earnings (Loss) to Adjusted Net Earnings and Adjusted Diluted Earnings Per Share

		Three Months Ended								Nine Months Ended
(Amounts in thousands, except per share data)		October 2, 2010				September 26, 2009				October 2, 2010				September 26, 2009
Net earnings (loss)		$	51,094				34,348				139,713				(25,278	)
Unusual items:
Commercial carpet tile reserve			—				—				—				122,492
FIFO Inventory			—				—				—				61,794
Business restructurings			3,330				16,019				12,263				31,936
Debt extinguishment costs			—				—				7,514				—
Acquisition purchase accounting			1,713				—				1,713				—
U.S. customs refund			(5,765	)			—				(5,765	)			—
Discrete tax items, net			—				—				(24,407	)			—
Income taxes			760				(6,167	)			(2,999	)			(83,004	)
Adjusted net earnings		$	51,132				44,200				128,032				107,940
Adjusted diluted earnings per share		$	0.74				0.64				1.86				1.57
Weighted-average common shares outstanding — diluted			68,773				68,653				68,764				68,606

Reconciliation of Net Sales to Adjusted Net Sales

		Three Months Ended								Nine Months Ended
(Amounts in thousands)		October 2, 2010				September 26, 2009				October 2, 2010				September 26, 2009
Net sales		$	1,309,552				1,382,565				4,056,874				3,996,916
Adjustments to net sales
Commercial carpet tile reserve			—				—				—				110,224
Exchange rate			20,816				—				17,916				—
Additional shipping days			—				—				(88,638	)			—
Adjusted net sales		$	1,330,368				1,382,565				3,986,152				4,107,140

Reconciliation of Unilin Segment Net Sales to Adjusted Unilin Segment Net Sales

		Three Months Ended
(Amounts in thousands)		October 2, 2010				September 26, 2009
Net sales		$	276,594				281,803
Adjustments to net sales
Exchange rate			21,960				—
Adjusted net sales		$	298,554				281,803

Reconciliation of Operating Cash Flow to Free Cash Flow

		Three Months Ended
(Amounts in thousands)		October 2, 2010
Net cash provided by operating activities		$	121,417
Additions to property, plant and equipment			(39,101	)
Proceeds from insurance claim			4,614
Free Cash Flow		$	86,930

Reconciliation of Total Debt to Net Debt

		Three Months Ended
(Amounts in thousands)		October 2, 2010
Current portion of long-term debt		$	351,486
Long-term debt, less current portion			1,303,151
Less: Cash and cash equivalents			365,835
Net Debt		$	1,288,802

Reconciliation of Operating Income to Adjusted EBITDA

																		Trailing Twelve
		Three Months Ended																Months Ended
(Amounts in thousands)		December 31, 2009				April 3, 2010				July 3, 2010				October 2, 2010				October 2, 2010
Operating income		$	46,865				53,621				89,726				85,182				275,394
Other income (expense)			(1,509	)			3,799				(1,428	)			3,471				4,333
Depreciation and amortization			81,827				76,798				72,497				72,956				304,078
Commercial carpet tile reserve			11,000				—				—				—				11,000
Business restructurings			29,787				4,004				4,929				3,330				42,050
Adjusted EBITDA		$	167,970				138,222				165,724				164,939				636,855
Net Debt to Adjusted EBITDA																			2.0

Reconciliation of Operating Income to Adjusted Operating Income

		Three Months Ended
(Amounts in thousands, except per share data)		October 2, 2010				September 26, 2009
Operating income		$	85,182				68,071
Adjustments to operating income
Business restructurings			3,330				16,019
Adjusted operating income		$	88,512				84,090
Adjusted operating margin			6.8	%			6.1	%
Mohawk segment
Operating income		$	31,127				16,261
Adjustments to operating income
Business restructurings			1,292				7,896
Adjusted operating income		$	32,419				24,157
Adjusted operating margin			4.5	%			3.2	%
Dal-Tile segment
Operating income		$	33,913				21,166
Adjustments to operating income
Business restructurings			1,223				8,123
Adjusted operating income		$	35,136				29,289
Adjusted operating margin			10.2	%			8.1	%
Unilin segment
Operating income		$	24,640				34,929
Adjustments to operating income
Business restructurings			815				—
Adjusted operating income		$	25,455				34,929
Adjusted operating margin			9.2	%			12.4	%

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.

CONTACT: Frank H. Boykin, Chief Financial Officer, +1-706-624-2695