Quarterly ResultJul 31, 2026, 01:31 PM
Mohawk Q2 Net Sales $2.99B; EPS $3.23; Net Earnings $196.1M
AI Summary
Mohawk Industries reported strong financial results for the second quarter and first half of 2026. Net sales for the second quarter increased by 6.75% to $2.99 billion, with net earnings attributable to Mohawk Industries, Inc. rising by 33.8% to $196.1 million, resulting in basic EPS of $3.23. The Company also saw a significant increase in net cash provided by operating activities for the six-month period, reaching $426.6 million. Ongoing restructuring efforts are expected to incur additional costs into 2027.
Key Highlights
- Q2 2026 net sales increased 6.75% to $2,991.4 million from $2,802.1 million YoY.
- Q2 2026 net earnings attributable to Mohawk Industries, Inc. rose 33.8% to $196.1 million.
- Q2 2026 basic earnings per share increased 37.4% to $3.23 from $2.35 YoY.
- Six months ended July 4, 2026, net cash from operations was $426.6 million, up 103.1% YoY.
- Global Ceramic segment revenue was $1,209.7 million for Q2 2026.
- Flooring North America segment revenue was $976.1 million for Q2 2026.
- Flooring Rest of the World segment revenue was $805.6 million for Q2 2026.
- Repurchased $124.6 million of common stock during the first six months of 2026.
- Anticipates $50-60 million in additional restructuring costs through 2027.
Price Impact
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