MOHAWK INDUSTRIES Business Summary

Mohawk Industries, Inc. (MHK) is the world’s largest flooring manufacturer, generating revenue through the design, production, and distribution of a comprehensive suite of residential and commercial flooring products, including ceramic tile, carpet, rugs, laminate, wood, and luxury vinyl tile (LVT). The company operates through three primary reporting segments: Global Ceramic, which stands as the world's largest ceramic tile producer; Flooring North America, focused on the domestic carpet and resilient markets; and Flooring Rest of the World, which manages international operations and high-growth laminate and vinyl categories. As of early 2026, Mohawk maintains a dominant market position by leveraging a vertically integrated supply chain and a vast portfolio of brands such as Daltile, Karastan, and Pergo. It competes directly against major industry players including Shaw Industries (a Berkshire Hathaway subsidiary), Interface, Inc., and The Dixie Group, distinguishing itself through its unmatched global manufacturing footprint and aggressive acquisition strategy that has integrated over 50 companies since its 1992 IPO. Originally founded in 1878 by the Shuttleworth brothers, the modern iteration of Mohawk was forged through its transformative 1994 merger with Aladdin Mills, a company founded by Alan Lorberbaum. The leadership team is currently led by Chairman and CEO Jeffrey S. Lorberbaum, a University of Denver alumnus who has served as CEO since 2001 and holds a significant 15% ownership stake. Supporting him is Paul De Cock, who was appointed President and Chief Operating Officer in February 2025 and currently serves as the interim President of Flooring Rest of the World following the February 2026 resignation of Wim Messiaen. The financial division is overseen by CFO James F. Brunk, who is slated to retire in April 2026 and will be succeeded by Nicholas P. Manthey, while Claudio Coni serves as the Chief Information Officer. The company’s board features seasoned directors such as Bruce Bruckmann of Bruckmann, Rosser, Sherrill & Co. and John Engquist of H&E Equipment Services, reflecting a high degree of institutional oversight and industry expertise.