MOHAWK INDUSTRIES INC (MHK) Form 10-Q — Oct 30, 2026
Mohawk Industries reported Q3 2026 net sales of $2,786.0 million, up 1.0% year over year, with net earnings of $163.1 million ($2.72 diluted EPS) versus $108.8 million ($1.75) a year earlier. Operating income jumped 37.3% to $187.7 million, driven by productivity gains, favorable price/mix, and lower restructuring costs, even as sales volume declined roughly $105 million. Nine-month sales rose 5.2% to $8,506.1 million with net earnings of $476.4 million versus $327.9 million, and operating cash flow surged to $897.8 million from $596.6 million. The company received $67.0 million of IEEPA tariff refunds on $70.7 million claimed following the Supreme Court's invalidation of those tariffs.
Key figures
- Eps
- 2.72
- Revenue
- 2786000000
- Net Income
- 163100000
- Revenue Yoy
- 1.0%
- Cash Position
- 816800000
- Shares Outstanding
- 58133466
- Q3 buybacks
- $261.3 million
- Capex plan 2026
- approximately $445 million
- Q3 operating income
- $187.7 million, up 37.3% YoY
- Nine month net sales
- $8,506.1 million, up 5.2% YoY
- Q3 effective tax rate
- 11.0% vs 17.6%
- Ieepa refunds received
- $67.0 million of $70.7 million claimed
- Operating cash flow 9m
- $897.8 million vs $596.6 million
- Restructuring costs 9m
- $88.4 million
- Senior credit facility
- $1,500.0 million, maturing May 12, 2031
- Nine month net earnings
- $476.4 million vs $327.9 million
- New buyback authorization
- $500 million
- Expected additional restructuring
- $20 to $30 million
AI analysis
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