Quarterly ResultJul 30, 2026, 04:18 PM
Mohawk Q2 Net Sales $3.0B, EPS $3.22; Adjusted EPS $3.67
AI Summary
Mohawk Industries reported strong second-quarter 2026 results, with net sales reaching $3.0 billion, a 6.8% increase, and adjusted EPS of $3.67, significantly exceeding expectations due to volume growth, pricing, and product mix, including a $0.63 benefit from tariff refunds. The company also announced a leadership transition, with Paul De Cock appointed CEO effective September 30, 2026, succeeding Jeff Lorberbaum. Despite a challenging market outlook for Q3, Mohawk anticipates adjusted EPS between $2.50 and $2.60, while continuing productivity efforts and initiating new restructuring projects to reduce costs by $60 million.
Key Highlights
- Q2 2026 Net Sales were $3.0 billion, up 6.8% as reported.
- Q2 2026 Net Earnings were $196 million, with EPS of $3.22.
- Q2 2026 Adjusted EPS was $3.67, including $0.63 from tariff refunds.
- Purchased over 600,000 shares for approximately $60 million in Q2.
- Paul De Cock will succeed Jeff Lorberbaum as CEO effective September 30, 2026.
- Q3 2026 Adjusted EPS guidance is $2.50-$2.60, including $0.12 from tariff refunds.
- New restructuring projects target $60 million in cost reductions by end of 2027.
- Global Ceramic net sales increased 7.9% as reported in Q2.
Price Impact
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