Mohawk Industries Reports Q1 2026 Results

Mohawk Industries reported Q1 2026 results with net sales of $2.7 billion, an 8.0% increase as reported and a 2.6% decrease on an adjusted basis compared to the prior year. Net earnings were $117 million, or $1.90 per share, both on a reported and adjusted basis. The company experienced growth in the commercial sector, while residential markets remained soft due to economic uncertainty. Challenges include inflation, rising energy and raw material costs, and geopolitical volatility stemming from the Middle East conflict. Mohawk is implementing price increases and cost-control measures. Segment performance varied, with Global Ceramic sales up 10.4% reported, Flooring North America up 2.0% reported, and Flooring Rest of World up 12.2% reported. The company repurchased $64 million of stock in the quarter and expects Q2 2026 adjusted EPS to be between $2.50-$2.60, excluding restructuring charges. Mohawk is focused on adaptability, cost control, and new product launches to navigate market conditions and capitalize on future industry recovery.