Quarterly ResultApr 30, 2026, 04:37 PM
MHK Q1 Adjusted EPS $1.90; Net Sales $2.7B; Q2 EPS Guidance $2.50-$2.60
AI Summary
Mohawk Industries reported Q1 2026 adjusted EPS of $1.90 on net sales of $2.7 billion, an 8.0% increase as reported, but a 2.6% decrease adjusted for constant days and exchange rates. The company's performance was in line with expectations despite a challenging environment, benefiting from productivity and restructuring. Mohawk repurchased $64 million of its stock and expects Q2 adjusted EPS between $2.50 and $2.60, while navigating increased inflation and market volatility due to the Middle East conflict.
Key Highlights
- MHK Q1 2026 adjusted EPS was $1.90, up 25.0% from $1.52 in Q1 2025.
- Q1 2026 net sales increased 8.0% to $2.7 billion, but decreased 2.6% adjusted for constant days and exchange rates.
- The company repurchased 607,000 shares for $64 million as part of its stock buyback authorization.
- Global Ceramic segment net sales rose 10.4% to $1.097 billion as reported.
- Flooring Rest of the World segment net sales increased 12.2% to $751.3 million as reported.
- Flooring North America segment net sales grew 2.0% to $880.0 million as reported.
- Q1 2026 free cash flow significantly improved to $7.8 million from $(85.4) million in Q1 2025.
- MHK forecasts Q2 2026 adjusted EPS to be between $2.50 and $2.60, excluding one-time charges.
Price Impact
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