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Mohawk Industries: Q2 Earnings Snapshot
Mohawk said higher volume, pricing and tariff refunds lifted quarterly profit, while it launched projects aimed at cutting costs by about $60 million.
- On Friday, July 31, 2026, Mohawk Industries reported second-quarter 2026 net sales of $3.0 billion, with diluted earnings per share reaching $3.22, exceeding market expectations.
- Chairman and CEO Jeff Lorberbaum attributed the performance to volume growth, pricing, and product mix, while results included an approximate $0.63 benefit from tariff refunds not in prior guidance.
- Operating income rose to $253.7 million from $188.7 million year-over-year; free cash flow improved to $228.2 million from $126.1 million, while the company repurchased over 600,000 shares for approximately $60 million.
- Management initiated new projects targeting approximately $60 million in cost reductions by end-2027 through warehouse consolidation and organizational realignment, though higher input costs are expected to pressure margins in the second half.
- President and Chief Operating Officer Paul De Cock will assume the Chief Executive Officer role effective September 30, 2026, as Lorberbaum remains Chairman; third-quarter adjusted earnings per share guidance ranges $2.50 to $2.60.
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Mohawk Industries Reports Q2 2026 Results
CALHOUN, Ga., July 30, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced second quarter 2026 net earnings of $196 million and earnings per share (“EPS”) of $3.22; adjusted net earnings were $223 million, and adjusted EPS was…
·Cambridge, Canada
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Total News Sources11
Leaning Left4Leaning Right4Center1Last UpdatedBias Distribution45% Left, 44% Right
Bias Distribution
- 45% of the sources lean Left, 44% of the sources lean Right
45% Left
L 45%
11%
R 44%
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