Mohawk Industries, Inc. (MHK) Earnings
Mohawk Industries, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $2.57. MHK has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +3.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $1.80 | $1.90 | +5.6% | $2.7B | -0.2% |
| Feb 12, 2026 | $1.98 | $2.00 | +1.0% | $2.7B | -5.8% |
| Oct 23, 2025 | $2.68 | $2.67 | -0.4% | $2.8B | +2.9% |
| Jul 24, 2025 | $2.62 | $2.77 | +5.7% | $2.8B | +2.8% |
| May 1, 2025 | $1.41 | $1.52 | +7.8% | $2.5B | -1.3% |
| Feb 6, 2025 | $1.85 | $1.95 | +5.4% | $2.6B | +4.0% |
| Oct 24, 2024 | $2.89 | $2.90 | +0.3% | $2.7B | +7.0% |
| Jul 25, 2024 | $2.75 | $3.00 | +9.1% | $2.8B | +2.4% |
| Apr 25, 2024 | $1.68 | $1.86 | +10.7% | $2.7B | -4.7% |
| Feb 8, 2024 | $1.86 | $1.96 | +5.4% | $2.6B | -1.8% |
| Oct 26, 2023 | $2.65 | $2.72 | +2.6% | $2.8B | +0.8% |
| Jul 27, 2023 | $2.64 | $2.76 | +4.5% | $3.0B | +0.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 1, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Performance in first quarter in line with expectations despite challenging environment. Adjusted EPS $1.90, up ~25% vs prior year. Net sales ~$2.7 billion, 8% as reported, -2.6% constant basis. • Commercial sector outperformed residential. New home construction soft, consumers defer purchases/remodeling. • Implementing productivity actions and restructuring projects. Repurchased 607,000 shares for $64 million. • Global ceramic delivered stronger mix, lapped order management system conversion impact. • Flooring North America impacted by slower conditions. Flooring Western World driven by productivity, cost improvements. • In global ceramic, regions responding to local markets with new styles, announcing price increases. • In flooring rest of the world, implementing price increases, laminate sales benefited from retail partnerships, panel business improved, insulation business performed well. • Flooring North America slow but impacted positively by restructuring, system improvements.
Guidance
• Expect adjusted EPS for second quarter to be between $2.50 and $2.60, excluding restructuring or other one-time charges. • Expect a significant recovery given four years of postponed flooring purchases.
Segment performance
Global Ceramic: Net sales just under $1.1 billion, 10.4% increase as reported, flat on constant basis. Adjusted operating income 55 million or 5% of sales. Flooring North America: Net sales $880 million, 2% increase as reported, 4.1% decrease on constant basis. Adjusted operating income 35 million or 4% of sales. Flooring Western World: Sales $751 million as reported, 12.2% increase or 4.4% decrease on constant basis. Adjusted operating income $74 million, or 9.8% of sales
Risks & headwinds
• Conflict in the Middle East intensified, increasing volatility in global energy markets. Higher gasoline and diesel prices, increasing energy and oil/gas derivatives costs affecting product costs. • Unpredictable full impact of conflict on economic impact across markets, increased inflation reducing consumer sentiment and discretionary spending. • Energy markets remain volatile until global supply normalizes.
Analyst Q&A
Q: Trevor Allenson from Wolf asked about range of outcomes for business in 2026, what drives high end vs low end, and how business is run to account for uncertainty.
A: Prepared for multiple options, flexible. Best case: Middle East supplies open near term, normalizes in 6 months, inflation remains. Alternative view: Conflict stays long, inflation continues, adjust strategy.
Q: John Lovallo from UBS asked about magnitude of price increases across regions and key products, and realization given volume challenges.
A: Middle East conflict increased costs across categories, price increases mid to high single digits, variations by product and geography.
Q: Susan McClary from Goldman Sachs asked about benefits of new products in enhancing mix and gaining share.
A: New product introductions are higher value with differentiation, each business has unique products.
Q: Adam Baumgarten from Vertical Research asked about input cost headwinds for back half, and how April price increases are going.
A: Inflation across materials, energy, transportation, impact begins in Q2, ramp up in Q3. Price increases mid to high single digits, market understanding.
Q: Stephen Kim from Evercore asked about context of inputs in flooring rest of the world and innovation impact.
A: Positivity in Q1, inflation to begin in Q2, innovation continuous, but new products impact margins as business increases.
Q: Rafe Jadrosich from Bank of America asked about update on Russia business and inflation quantification.
A: Russian business performing well, adapting to slowdown. Inflation begins in Q2, ramp up in second half.
Q: Phil Ong from Jefferies asked about gas buying in Europe and North American carpet cost curve.
A: Bought gas before increase, continue to buy. Carpet market soft, announced price increases, introducing new products.
Q: Sam Reed from Wells Fargo asked about order backlog growth context and channel partners reducing inventories.
A: Backlog increased in April, trends similar, difficulty knowing customer inventory changes.
Q: Colin Burin from Deutsche Bank asked about April backlog building across portfolio and natural gas hedging.
A: Backlogs generally higher, different by business and country.
Q: Mike Dahl from RBC asked about 2Q guide demand trends and pricing power ranking.
A: Q2 demand trends similar to prior, impact of increasing prices, no dramatic difference in pricing power.
Q: Michael Rahut from JPMorgan asked about price increases vs back half cost inflation and mix trends.
A: Pricing intended to offset higher costs, mid to high single digits, mix affected by consumer confidence.
Q: Keith Hughes from Truist asked about industry pressure and biggest inflation category.
A: Inflation across all categories, Europe has higher impact, some product categories have significant increases.
Q: Matthew Bully from Barclays asked about industry pricing discipline and Europe trends.
A: Increases flowing through, more discipline, Europe market improved then declined due to war, consumer confidence low.
Q: Brian Byros from TRG asked about speed of passing on price and Q1 as indicator.
A: Marketplace understands price increases need to happen, Q1 market pressured, margins depend on conflict evolution.
Q: David McGregor from Longbow Research asked about allocating capital to commercial business and tariff expense.
A: Commercial business smaller, invest in product innovation, consider M&A. Tariff environment changing, not quantified.