Mohawk Industries has released its fourth quarter earnings report, and says that sales for the last three months of 2008 were down 18% from the final quarter of 2007. Net sales for the year were down 10% according to the report from Calhoun. Chairman and CEO Jeffrey Lorberbaum stated that in the current economic environment, the company is focused on its cash flow and balance sheet adding that their balance sheet remains strong with over $850 million in available credit. Lorberbaum says Mohawk has taken aggressive steps, all in order, to guide the company successfully through the economic downturn.