Quarterly ResultMay 1, 2026, 01:26 PM
Mohawk Industries Q1 Net Sales $2.73B, EPS $1.91
AI Summary
Mohawk Industries reported a strong first quarter for 2026, with net sales increasing 8.0% to $2.73 billion and net earnings attributable to the company surging 61.3% to $117.1 million, resulting in basic EPS of $1.91. The company also saw a significant improvement in net cash provided by operating activities, reaching $110.1 million. While Global Ceramic and Flooring ROW segments showed robust sales and operating income growth, the Flooring North America segment experienced a notable decline in operating income despite a modest sales increase. The company continued its restructuring initiatives, incurring $37.4 million in costs during the quarter.
Key Highlights
- Net sales increased 8.0% to $2.73 billion for the three months ended April 4, 2026, from $2.53 billion in the prior year.
- Net earnings attributable to Mohawk Industries, Inc. rose 61.3% to $117.1 million, up from $72.6 million year-over-year.
- Basic earnings per share attributable to Mohawk Industries, Inc. increased 64.7% to $1.91, compared to $1.16 in the prior year.
- Net cash provided by operating activities significantly improved to $110.1 million, up from $3.7 million in the prior year.
- The Company repurchased $64.7 million of common stock during the quarter, compared to $25.5 million in the prior year.
- Global Ceramic segment net sales grew 10.4% to $1.10 billion, with operating income up 22.5% to $51.2 million.
- Flooring NA segment net sales increased 2.0% to $880.0 million, but operating income decreased 59.1% to $3.8 million.
- Flooring ROW segment net sales rose 12.2% to $751.3 million, with operating income up 20.1% to $70.5 million.
Price Impact
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