Mohawk Industries is the world's largest flooring manufacturer, making and selling flooring products for residential and commercial construction and remodeling. Products span virtually every flooring category: ceramic and porcelain tile, carpet, rugs, laminate, LVT, sheet vinyl, wood, and hybrid flooring. Mohawk sells through floor covering retailers, home centers like Lowe's and Home Depot, mass merchandisers, builders, commercial contractors, and distributors. The business is roughly 55% U.S., ~30% Europe, and ~15% other markets. Mohawk operates through three segments: Global Ceramic (~40% of revenue), Flooring North America (~34%), and Flooring Rest of World (~26%), the last of which also makes building products and licenses flooring patents. Mohawk is vertically integrated from raw materials through manufacturing and distribution, which means profitability is highly sensitive to capacity utilization—currently running ~70-80% versus 90%+ in healthier markets. Flooring demand is tightly linked to housing turnover, and the industry has been in a downturn for nearly four years due to low existing home sales and high mortgage rates. Mohawk has responded with a restructuring program targeting ~$285M in annualized savings by 2026, reduced CapEx, and share buybacks. Roughly 85% of U.S. products are manufactured in North America, which Mohawk views as a meaningful advantage under current tariff conditions, though remaining offshore LVT imports represent a ~$100M annualized tariff headwind.