CALHOUN, Ga. -- Mohawk Industries has increased its estimate of diluted earnings per share for the fourth quarter of 2001 from 74 cents to a range between 90 and 95 cents per share.

The company said the earlier estimate was based on flat earnings per share compared to the same quarter in 2000. This favorable adjustment in the estimate is based on sales running about 4% to 5% above last year, while gross profit as a percentage of sales is projected to be in line with last year.

Considering the various factors impacting Mohawk’s business at this time, and assuming that the economy continues to improve during 2002, the company said it expects earnings per share for the first two quarters of 2002 to be approximately 10% to 15% above 2001 comparable quarters.