Mohawk Industries Inc. is the world's largest flooring manufacturer and one of two major carpet and tile players in the U.S. (All other manufacturers have less than 5% share.) Mohawk holds more than 20% of the U.S. flooring market and the No. 2 position across the European and U.S. markets for residential sheet vinyl and luxury vinyl tile (LVT). The company's expansion into additional product lines and its new carpet tile and sheet vinyl plants in Europe and Russia are expected to help reinforce its already strong market position. In 2018, Mohawk faced inflationary pressures from elevated material, transportation, and energy costs in the U.S., which the company estimates reduced gross profit by $230 million. Higher petrochemical and freight costs--which
