Mohawk stands ready to support areas impacted by these storms by participating in the rebuilding effort. The replacement of damaged homes and buildings in the Gulf Coast region should increase industry shipments in the future. Also, August 2005 existing home sales were 7.2 million on an annualized basis, representing the second highest month on record. Next year they believe the economy should continue to grow and employment expands.
After closing in the fourth quarter, the Company will permanently finance the Unilin acquisition with 100 percent debt using a combination of prepayable debt and term debt. This will improve the return to their shareholders while maintaining financial flexibility using the Company's strong cash flow to pay down debt.
Tufted broadloom carpet Mohawk provides a complete selection of broadloom carpet, ceramic tile, wood, stone, laminate, vinyl, rugs and other home products. These products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Ralph Lauren, Lees, Bigelow, Dal- Tile and American Olean.
For over 120-years Mohawk has been a trusted name in carpets. All major flooring categories, carpet, rugs, hardwood, laminate, ceramic tile, and vinyl flooring can be purchased at an authorized Mohawk dealer for residential or commercial application.
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