Quarterly ResultMay 1, 2026, 09:19 PM
Mohawk Q1 Net Earnings $117M, EPS $1.90; Sales $2.7B (+8.0%)
AI Summary
Mohawk Industries reported Q1 2026 net earnings of $117 million, or $1.90 EPS, on net sales of $2.7 billion, an 8.0% increase year-over-year. Adjusted net earnings and EPS were also $117 million and $1.90, respectively. The company repurchased 607,000 shares for $64 million. Despite a challenging environment with inflation and weak residential construction, performance was in line with expectations, benefiting from productivity and restructuring. Mohawk anticipates Q2 2026 adjusted EPS between $2.50 and $2.60, citing ongoing market volatility and rising energy costs.
Key Highlights
- Q1 2026 Net Earnings were $117 million, up from $73 million in Q1 2025.
- Q1 2026 Diluted EPS was $1.90, up from $1.15 in Q1 2025.
- Q1 2026 Net Sales reached $2.7 billion, an 8.0% increase reported year-over-year.
- The company repurchased 607,000 shares for $64 million during the quarter.
- Global Ceramic segment net sales increased 10.4% reported YoY to $1,097.4 million.
- Flooring Rest of World segment net sales increased 12.2% reported YoY to $751.3 million.
- Flooring North America segment net sales increased 2.0% reported YoY to $880.0 million.
- Mohawk expects Q2 2026 adjusted EPS to be between $2.50 and $2.60.
Price Impact
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