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Mohawk Industries, Inc. (NYSE: MHK) reported first-quarter 2026 net income of $117 million and earnings per share (EPS) of $1.90. Adjusted net income was $117 million and adjusted EPS was $1.90. Net sales for the quarter were $2,728.7 million, up 8.0% on a reported basis and down 2.6% on a constant-days and constant-currency basis versus the prior year.
For Q1 2025, Mohawk reported net sales of $2,525.8 million, net earnings of $72.6 million and EPS of $1.16. Adjusted net earnings in Q1 2025 were $95.6 million and adjusted EPS was $1.52.
Mohawk President and Chief Executive Officer Jeff Lorberbaum said the results were in line with expectations despite a challenging environment. He cited productivity, restructuring and product-mix benefits, which were offset by inflation and volume. He also noted that last year’s results were affected by a system conversion and included four fewer days.
According to Lorberbaum, the commercial channel continued to outperform the residential segment. He said new home construction remained weak, and consumers continued delaying home purchases and remodeling projects due to economic uncertainty. The company is implementing measures to boost productivity and executing previously announced restructuring and product-mix initiatives.
During the quarter, Mohawk repurchased 607,000 shares for $64 million under its current share-repurchase program. Lorberbaum said the company’s balance sheet provides flexibility to capitalize on opportunities.
Mohawk said the Middle East conflict intensified in late February, increasing volatility in global energy markets. Higher gasoline and diesel prices—linked to supply disruptions—are contributing to more cautious consumer behavior. The company said the economic impact will vary across markets, and higher inflation is expected to dampen consumer confidence and discretionary spending.
The company also said rising energy prices and higher costs for petroleum and natural gas derivatives are affecting the cost of many products. Mohawk stated it is implementing price increases across numerous product categories and geographic regions, and that further increases may be necessary. It added that the impact of higher raw-material costs is expected to be greater in the second half of the year due to inventory turnover.
Global Ceramic net sales rose 10.4% on a reported basis but declined 0.2% on a constant-days and constant-currency basis versus the prior year. Segment operating margin was 4.7% on a reported basis and 5.0% on a constant basis. Mohawk attributed the margin performance to higher production costs and lower volumes, partially offset by productivity gains and favorable mix.
Flooring NA net sales increased 2.0% on a reported basis but declined 4.1% on a constant-days and constant-currency basis versus the prior year. Segment operating margin was 0.4% on a reported basis or 4.0% on an adjusted basis. The company said the segment was supported by higher productivity but offset by higher production costs and price pressure in the market due to competition.
Mohawk said that a month into the second quarter, it is adapting to developments related to the Middle East conflict. The company has announced price increases across much of its product portfolio due to inflation, and it said its order book has continued to grow. It added that the commercial channel remains solid, while residential remodeling and new home construction could be affected by softer consumer confidence.
Mohawk said its premium product lineup is delivering better market results and that new products are improving mix. It also said it is maximizing flexibility to respond to changes in its supply chain, costs and demand, while controlling costs, redesigning products and limiting capital expenditure.
The company stated that the full extent of price actions and higher production costs is not expected to be clear until the third quarter. It also cited one fewer shipping day in Q2. Mohawk expects adjusted diluted EPS to be between $2.50 and $2.60 in the second quarter, excluding restructuring or other charges.
Mohawk said there is a need to increase new home construction to meet growing family formations. It also said delayed remodeling of aging housing stock across regions is expected to significantly raise demand for floor coverings. The company stated it is positioned to benefit from an anticipated market recovery in the flooring sector.
Mohawk Industries describes itself as the world’s largest flooring company, with leadership positions in North America, Europe, South America and Oceania. The company says it is vertically integrated in manufacturing and distribution across ceramic tile, carpet and flooring products, including laminate, wood, vinyl and hybrids. Mohawk also lists brands including American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.
Mohawk noted that its communications include forward-looking statements under US federal securities laws, which are subject to risks and uncertainties. The company said actual results may differ materially and that it does not undertake to update or revise these statements except as required by law.
Mohawk scheduled a conference call for Friday, May 1, 2026 at 11:00 a.m. Eastern Time. Access instructions are available on the company’s investor relations website, and presentations and accompanying materials may be accessed via mohawkind.com.
Contact: Nicholas P. Manthey, Chief Financial Officer – (706) 624-2288.
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