Bank of New York Mellon Corp lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 296,955 shares of the company’s stock after selling 11,111 shares during the quarter. Bank of New York Mellon Corp owned 0.49% of Mohawk Industries worth $29,238,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of MHK. Illinois Municipal Retirement Fund acquired a new stake in shares of Mohawk Industries in the first quarter worth $3,071,000. Sanctuary Advisors LLC raised its stake in shares of Mohawk Industries by 72.6% during the 1st quarter. Sanctuary Advisors LLC now owns 8,085 shares of the company’s stock valued at $796,000 after buying an additional 3,400 shares during the last quarter. Calamos Wealth Management LLC purchased a new position in shares of Mohawk Industries during the 1st quarter valued at about $277,000. Calamos Advisors LLC acquired a new position in shares of Mohawk Industries in the 1st quarter valued at about $277,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Mohawk Industries by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 251,621 shares of the company’s stock valued at $24,775,000 after buying an additional 4,929 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several analysts recently commented on MHK shares. Bank of America reaffirmed a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, Truist Financial lowered their price target on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $124.42.
View Our Latest Report on Mohawk Industries
Insider Activity at Mohawk Industries In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,186 shares of company stock valued at $4,460,321 over the last quarter. 17.90% of the stock is owned by company insiders.
Mohawk Industries Price Performance Shares of NYSE MHK opened at $115.53 on Tuesday. The firm has a market cap of $7.04 billion, a PE ratio of 17.32, a PEG ratio of 2.81 and a beta of 1.18. The firm has a fifty day moving average of $109.80 and a 200 day moving average of $111.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.
Mohawk Industries Profile (Free Report)
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Mohawk Industries (MHK - Free Report) , which belongs to the Zacks Textile - Home Furnishing industry, could be a great candidate to consider.
When looking at the last two reports, this flooring maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.28%, on average, in the last two quarters.
For the most recent quarter, Mohawk Industries was expected to post earnings of $1.8 per share, but it reported $1.9 per share instead, representing a surprise of 5.56%. For the previous quarter, the consensus estimate was $1.98 per share, while it actually produced $2 per share, a surprise of 1.01%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Mohawk Industries lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Mohawk Industries has an Earnings ESP of +0.70% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 30, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,219,318 shares of the company’s stock after buying an additional 80,761 shares during the quarter. Dimensional Fund Advisors LP owned about 5.26% of Mohawk Industries worth $316,962,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Mohawk Industries by 6.1% during the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after buying an additional 13,090 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Mohawk Industries by 93.3% in the 4th quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock worth $4,693,000 after buying an additional 20,728 shares in the last quarter. Tejara Capital Ltd bought a new position in Mohawk Industries in the 4th quarter worth approximately $2,514,000. Olstein Capital Management L.P. increased its position in Mohawk Industries by 23.9% in the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after acquiring an additional 13,250 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Mohawk Industries by 768.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 32,064 shares of the company’s stock valued at $3,505,000 after acquiring an additional 28,373 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.
Analysts Set New Price Targets A number of brokerages have issued reports on MHK. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $124.42.
Check Out Our Latest Analysis on MHK
Mohawk Industries Stock Performance NYSE:MHK opened at $110.28 on Thursday. The company has a 50-day moving average of $108.86 and a 200-day moving average of $111.25. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts forecast that Mohawk Industries, Inc. will post 8.71 earnings per share for the current fiscal year.
Insiders Place Their Bets In related news, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the transaction, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. The trade was a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,186 shares of company stock worth $4,460,321 over the last 90 days. Insiders own 17.90% of the company’s stock.
Mohawk Industries Profile (Free Report)
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
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Bessemer Group Inc. raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 720.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 40,053 shares of the company’s stock after purchasing an additional 35,173 shares during the quarter. Bessemer Group Inc. owned approximately 0.07% of Mohawk Industries worth $3,943,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in shares of Mohawk Industries in the 4th quarter valued at $27,000. Global Retirement Partners LLC raised its stake in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after buying an additional 188 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after buying an additional 166 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in Mohawk Industries during the fourth quarter valued at $43,000. Institutional investors own 78.98% of the company’s stock.
Insider Transactions at Mohawk Industries In related news, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider directly owned 14,132 shares of the company’s stock, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the transaction, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 over the last ninety days. 17.90% of the stock is currently owned by corporate insiders.
Mohawk Industries Stock Down 2.9% Shares of NYSE MHK opened at $108.24 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.60 billion, a PE ratio of 16.23, a P/E/G ratio of 2.75 and a beta of 1.18. The company’s fifty day simple moving average is $108.44 and its 200 day simple moving average is $111.25. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 8.71 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth A number of analysts have weighed in on the company. Weiss Ratings downgraded Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Bank of America restated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wells Fargo & Company decreased their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $124.42.
Get Our Latest Report on Mohawk Industries
About Mohawk Industries (Free Report)
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
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July 01, 2026 16:15 ET | Source: Mohawk Industries, Inc.
CALHOUN, Ga., July 01, 2026 (GLOBE NEWSWIRE) -- In conjunction with Mohawk Industries’ (NYSE: MHK) Second Quarter 2026 earnings release on Thursday, July 30, 2026, you are invited to listen to the conference call that will be broadcast live on Friday, July 31, 2026, at 11:00 am ET.
What:Mohawk Industries’ Second Quarter 2026 Earnings Conference Call When:July 31, 2026 11:00 am ET Where:https://www.mohawkind.com Select “Investors” tab How:Live via the Internet – Log on at ir.mohawkind.com/investor-overview Register for the conference call at https://dpregister.com/sreg/10209987/10448bdd21c Live Conference Call: Dial 1-833-630-1962 (U.S./Canada) Dial 1-412-317-1843 (International) For those unable to listen at the designated time, the call will remain available for replay through August 28, 2026, by dialing 1-855-669-9658 (U.S./Canada) or 1-412-317-0088 (International) and entering Replay Access Code 9372095. The call will be archived and available for replay for one year under the “Investors” tab of mohawkind.com.
ABOUT MOHAWK
Over the past two decades, Mohawk Industries has transformed its business into the world’s largest flooring company with leading positions in North America, Europe, South America and Oceania. Mohawk’s vertically integrated manufacturing and distribution operations provide a competitive advantage in the production of ceramic tile, carpet and laminate, wood, vinyl and hybrid flooring products. Mohawk’s industry-leading innovation has yielded designs and performance enhancements that differentiate its collections in the marketplace and satisfy all residential and commercial remodeling and new construction requirements. The Company’s brands are among the most recognized and respected in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.
Contact:
Mohawk Industries, Inc.
Joe Ahlersmeyer, CFA
Vice President – Finance & Investor Relations [email protected]
Investors in Mohawk Industries, Inc. (MHK - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 17, 2026 $80.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Mohawk Industries share, but what is the fundamental picture for the company? Currently, Mohawk Industries is a Zacks Rank #3 (Hold) in the Textile - Home Furnishing Industry that ranks in the Bottom 26% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased his estimate for the current quarter, while three have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.90 per share to $1.82 per share in the same time period.
Given the way analysts feel about Mohawk Industries right now, this huge implied volatility could mean there’s a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Massachusetts Financial Services Co. MA cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,633,958 shares of the company’s stock after selling 195,872 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.64% of Mohawk Industries worth $178,592,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of MHK. Root Financial Partners LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at $33,000. SJS Investment Consulting Inc. raised its stake in shares of Mohawk Industries by 5,385.7% in the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after purchasing an additional 377 shares in the last quarter. Danske Bank A S acquired a new position in shares of Mohawk Industries in the third quarter valued at $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at $64,000. Institutional investors and hedge funds own 78.98% of the company’s stock.
Insider Transactions at Mohawk Industries In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 12,000 shares of company stock worth $1,246,336 in the last three months. Corporate insiders own 17.40% of the company’s stock.
Analyst Upgrades and Downgrades A number of brokerages recently commented on MHK. UBS Group restated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Barclays cut their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Royal Bank Of Canada upped their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Wolfe Research lowered Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $134.80.
Get Our Latest Stock Analysis on Mohawk Industries
Mohawk Industries Stock Performance Mohawk Industries stock opened at $103.41 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The stock has a fifty day moving average price of $113.36 and a two-hundred day moving average price of $115.14. Mohawk Industries, Inc. has a 52-week low of $94.56 and a 52-week high of $143.13. The firm has a market capitalization of $6.33 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.65 and a beta of 1.24.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.
Mohawk Industries Company Profile (Free Report)
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
Read More Five stocks we like better than Mohawk Industries Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK – Free Report).
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On April 17, 2026, Mohawk Industries Inc MHK shares rose 6.5% to a current price of $108.83. This move positions the stock within a 52-week range of $94.56 to $143.13, reflecting a year of volatility and recent gains.
GF Value™ verdict: Current price of $108.83 is 5.1% below the GF Value™ of $114.66. GF Score™ of 79/100 indicates the stock is above average in terms of quality and potential long-term returns. Most notable signal: Insiders have sold $2.3M in shares over the last 3 months, with no buying activity reported. Is MHK Overvalued or Undervalued? With a current price of $108.83 and a GF Value™ estimate of $114.66, Mohawk Industries Inc appears to be undervalued by approximately 5.1%. This margin of safety suggests a potential opportunity for investors seeking value in the equity market. The GF Valuation label indicates that the stock is fairly valued, which may reflect its recent performance and market conditions. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
However, investors should exercise caution, as the stock has seen a mixed performance year-to-date, decreasing by 0.4%. The combination of undervaluation and the lack of insider buying could signal a need for further analysis before making any investment decisions.
How Does MHK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 18.4x 14.8x Forward P/E 11.4x - The current P/E (TTM) of 18.4x is significantly above its 5-year median of 14.8x, indicating that the stock is trading at a higher valuation compared to its historical averages. This P/E analysis aligns with the GF Value™ verdict, suggesting that while the stock is currently undervalued, its elevated P/E ratio may reflect market expectations for future growth that could pose risks if not met.
What Does MHK's GF Score™ Tell Us? Metric Rating GF Score™ 79/100 Financial Strength 7/10 Profitability 7/10 Growth 4/10 Valuation 10/10 Momentum 5/10 The GF Score™ of 79/100 places Mohawk Industries in a favorable position, indicating above-average potential for long-term returns. The strongest areas are Financial Strength and Profitability, both rated at 7/10, which suggest a solid underlying financial structure and healthy earnings. However, the Growth rank of 4/10 indicates that the company may face challenges in expanding its revenue and earnings, which could impact future performance.
What Are Insiders Doing with MHK Stock? Recent insider activity has shown a trend of selling, with insiders offloading $2.3 million worth of shares in the last three months. This lack of buying from insiders could suggest a lack of confidence in the current valuation or future prospects of the company, raising a cautionary flag for potential investors. The absence of insider purchasing could indicate that insiders may not see significant upside in the near term, which is important for shareholders to consider.
What This Means for Investors Based on the GF Value™ assessment, Mohawk Industries Inc is currently undervalued. However, the elevated P/E ratio compared to historical levels and recent insider selling may suggest potential risks that should be carefully evaluated. Investors are encouraged to conduct thorough research to understand the dynamics affecting Mohawk Industries before making investment decisions.
For the complete analysis, visit the Mohawk Industries Inc MHK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is MHK's GF Score™?
The GF Score™ for Mohawk Industries is 79/100, indicating that it ranks above average in terms of quality and potential long-term returns.
Is MHK overvalued or undervalued?
Mohawk Industries is currently undervalued, with a GF Value™ of $114.66 compared to its current price of $108.83.
What is MHK's P/E ratio?
The P/E ratio for Mohawk Industries is 18.4x, which is significantly above its 5-year median P/E of 14.8x, indicating that the stock is trading at a higher valuation compared to its historical averages.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Hero Rubber Made with Nike Grind Expands Mohawk Group’s Market Reach and Product Offering
DALTON, Ga.--(BUSINESS WIRE)--Mohawk Group is proud to announce the addition of Hero Flooring, a global brand specializing in high-performance resilient flooring solutions.
Hero flooring brings a fun, creative brand ethos to Mohawk Group with a client-first mindset.
Share “Hero Flooring is a natural and powerful fit for Mohawk Group,” said Mike Gallman, president of Mohawk Group. “Their strong commitment to quality and environmental stewardship aligns perfectly with our Believe in Better ethos, and this innovative product offering, including the popular Hero Rubber made with Nike Grind, significantly strengthens our position in high-performance resilient flooring. Hero is the authorized licensee of flooring products made with Nike Grind rubber, which comes from manufacturing scrap and end-of-life footwear. We look forward to bringing these products to our Mohawk clients.”
Reade Palmer, founder of Hero Flooring, added, “We are incredibly excited to join the Mohawk Group family. Being part of Mohawk Group allows us to amplify the reach of Hero Flooring and bring our innovative portfolio to a much broader client base across the industry, ensuring greater impact and growth.”
“While these styles are engineered for high-impact applications like fitness areas where traction is essential, their sophisticated design and exciting colors offer a distinctive aesthetic suited for a wide range of commercial environments,” said Jackie Dettmar, vice president of product, design, and marketing for Mohawk Group. “Hero flooring brings a fun, creative brand ethos to Mohawk Group with a client-first mindset.”
About Hero Flooring
Hero Flooring is a global brand of high-performance flooring committed to quality, environmental stewardship, and social sustainability while delivering the ultimate client experience. Hero Flooring serves as a trusted partner to architecture and design firms, major end users, and contractors to support the specification and sales of its portfolio of products, including the Hero Rubber made with Nike Grind and Turf lines.
About Mohawk Group
Mohawk Group, the commercial division of Mohawk Industries—the world’s largest flooring manufacturer—is a leading innovator in flooring and design, offering a portfolio of solutions that blend design, performance, and sustainability. Driven by its Believe in Better ethos, Mohawk Group is committed to creating extraordinary experiences for its clients, partners, and associates.
The market expects Mohawk Industries (MHK - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis flooring maker is expected to post quarterly earnings of $1.80 per share in its upcoming report, which represents a year-over-year change of +18.4%.
Revenues are expected to be $2.73 billion, up 8.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Mohawk Industries?For Mohawk Industries, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.08%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Mohawk Industries will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Mohawk Industries would post earnings of $1.98 per share when it actually produced earnings of $2.00, delivering a surprise of +1.01%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Mohawk Industries doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
AEGON ASSET MANAGEMENT UK Plc cut its position in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 37.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,252 shares of the company’s stock after selling 58,351 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.16% of Mohawk Industries worth $10,627,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Mohawk Industries in the third quarter valued at $25,000. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the fourth quarter valued at $27,000. Quent Capital LLC bought a new stake in Mohawk Industries in the third quarter valued at $33,000. Salomon & Ludwin LLC bought a new stake in Mohawk Industries in the fourth quarter valued at $43,000. Finally, SJS Investment Consulting Inc. lifted its stake in Mohawk Industries by 5,385.7% in the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after buying an additional 377 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.
Mohawk Industries Price Performance Shares of MHK opened at $107.79 on Friday. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. Mohawk Industries, Inc. has a one year low of $94.56 and a one year high of $143.13. The stock’s fifty day moving average is $108.55 and its 200-day moving average is $113.78.
Mohawk Industries (NYSE:MHK – Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 9.2 EPS for the current year.
Insider Activity at Mohawk Industries In related news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at $6,514,942.65. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,000 shares of company stock worth $1,246,336 over the last quarter. 17.90% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Bank of America reiterated a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Royal Bank Of Canada raised their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Robert W. Baird reiterated a “neutral” rating and issued a $118.00 target price (down from $156.00) on shares of Mohawk Industries in a research note on Tuesday. Finally, Wells Fargo & Company cut their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Hold” and an average target price of $130.18.
Get Our Latest Analysis on MHK
About Mohawk Industries (Free Report)
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
Read More Five stocks we like better than Mohawk Industries Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK – Free Report).
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CALHOUN, Ga., April 30, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2026 net earnings of $117 million and earnings per share (“EPS”) of $1.90; adjusted net earnings were $117 million, and adjusted EPS was $1.90. Net sales for the first quarter of 2026 were $2.7 billion, up 8.0% as reported and down 2.6% adjusted for constant days and exchange rates versus the prior year. During the first quarter of 2025, the Company reported net sales of $2.5 billion, net earnings of $73 million and earnings per share of $1.15; adjusted net earnings were $96 million, and adjusted EPS was $1.52.
Commenting on the Company’s first quarter, Chairman and CEO Jeff Lorberbaum stated, “Our performance was in line with our expectations despite a challenging environment. Our results include benefits from productivity, restructuring and product mix, offset by inflation and volume. Last year was impacted by the system conversion and had four fewer days. Across our regions, the commercial sector continued to outperform residential. New home construction remained soft, and consumers continued to defer home purchases and remodeling projects due to economic uncertainty. We are implementing productivity actions and executing our previously announced restructuring projects to enhance our results. During the quarter, we repurchased 607,000 shares of our stock for $64 million as part of our current stock buyback authorization. Our strong balance sheet provides strategic and operational flexibility to take advantages of opportunities that arise.
At the end of February, the conflict in the Middle East intensified, increasing volatility in global energy markets. Higher gasoline and diesel prices were the fastest and most visible impact of supply disruptions and are contributing to a more cautious consumer outlook. Depending on the duration of the conflict, the economic impact will vary across our markets, with increased inflation reducing consumer sentiment and discretionary spending. Energy prices as well as the cost of oil and natural gas derivatives are increasing, which affects the cost of many of our products. We are implementing price increases across many product categories and geographies, and further price increases could be required. The impact of higher cost raw materials will be greater in the second half of the year due to our flow through of inventory. We are continuing to launch our new product collections, with industry-leading designs and features to enhance our sales and margins. We are implementing operational strategies that we have used to navigate past disruptions, which prioritize adaptability and cost control. We are maintaining flexibility to align with evolving demand, supply availability and volatile costs. We are focused on the controllable parts of our business, including sales initiatives, inventory levels, discretionary spending and capital investments.
Turning to first quarter results by segment, net sales in the Global Ceramic Segment increased by 10.4% as reported, or decreased by 0.2% adjusted for constant days and exchange rates versus the prior year. The Segment’s operating margin was 4.7% as reported, or 5.0% on an adjusted basis due to higher input costs versus the prior year and lower sales volume, partially offset by productivity gains and improved price mix.
Net sales in the Flooring Rest of the World Segment increased by 12.2% as reported, or decreased by 4.4% adjusted for constant days and exchange rates versus the prior year. The Segment’s operating margin was 9.4% as reported, or 9.8% on an adjusted basis due to pressures from competitive industry pricing.
Net sales in the Flooring North America Segment increased by 2.0% as reported and decreased by 4.1% on an adjusted basis versus the prior year. The Segment’s operating margin was 0.4% as reported, or was 4.0% on an adjusted basis due to productivity gains, partially offset by higher input costs and pressures from competitive industry pricing.
One month into the second quarter, we continue to adapt our business to the changes caused by the Middle East conflict. Thus far, we have announced price increases across much of our portfolio due to inflation, and our order backlog has continued to grow. Across our regions, the commercial channel remains solid, while residential remodeling and new home construction could be impacted by lower consumer confidence. Our higher-end offering is performing better in the market, and our new products are enhancing our mix. We are maximizing our flexibility to react to changes in our supply chain, operating costs and market demand. Presently, we are containing costs, reengineering products and limiting capital expenditures. We will not see the full impact of our pricing actions and rising input costs until the third quarter. The degree to which the Middle East conflict will impact our markets depends on the duration of the disruptions and inflationary pressure. Given these factors and one less shipping day in the second quarter, we expect our adjusted EPS will be between $2.50 to $2.60, excluding any restructuring or other one-time charges.
We are managing all the aspects of the business we can control and responding to market changes as they arise. In the past, Mohawk has adapted to cyclical changes as well as dramatic market disruptions while enhancing our business for the long term. Increased new home construction is necessary to satisfy growing household formations, and we expect that deferred remodeling of the aging housing stock across our regions will significantly increase flooring demand. As we navigate the current conditions, we are prepared to capitalize on the rebound in our industry that lies ahead.”
ABOUT MOHAWK INDUSTRIES
Over the past two decades, Mohawk Industries has transformed its business into the world’s largest flooring company with leading positions in North America, Europe, South America and Oceania. Mohawk’s vertically integrated manufacturing and distribution operations provide a competitive advantage in the production of ceramic tile, carpet and laminate, wood, vinyl and hybrid flooring products. Mohawk’s industry-leading innovation has yielded designs and performance enhancements that differentiate its collections in the marketplace and satisfy all residential and commercial remodeling and new construction requirements. The Company’s brands are among the most recognized and respected in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.
Certain of the statements in the immediately preceding paragraphs, particularly anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “expects,” and “estimates,” or similar expressions constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For those statements, Mohawk claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Management believes that these forward-looking statements are reasonable as and when made; however, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. Important factors that could cause future results to differ from historical experience and our present expectations or projections include, but are not limited to, the following: changes in economic or industry conditions; the impact of tariffs; competition; inflation and deflation in freight, raw material prices and other input costs; inflation and deflation in consumer markets; currency fluctuations; rising energy costs and changes in the level of supply thereof; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; identification and consummation of acquisitions on favorable terms, if at all; integration of acquisitions; international operations; introduction of new products; rationalization of operations; taxes and tax reform; product and other claims; litigation; geopolitical conflict; regulatory and political changes in the jurisdictions in which the Company does business; and other risks identified in Mohawk’s U.S. Securities and Exchange Commission reports and public announcements.
Conference call Friday, May 1, 2026, at 11:00 AM Eastern Time
To participate in the conference call via the Internet, please visit https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. To participate in the conference call via telephone, register in advance at https://dpregister.com/sreg/10207491/103969d29fe to receive a unique personal identification number. You may also dial 1-833-630-1962 (U.S./Canada) or 1-412-317-1843 (international) on the day of the call for operator assistance. For those unable to listen at the designated time, the call will remain available for replay through May 29, 2026, by dialing 1-855-669-9658 (U.S./Canada) or 1-412-317-0088 (international) and entering Conference ID # 7435080. The call will be archived and available for replay for one year under the “Investors” tab of mohawkind.com.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026
March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026
March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026
December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026
March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) A one-time U.S. tax benefit associated with a legal entity restructuring initiative and tax credits issued by the Brazilian government related to prior years.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025
September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1)Includes accelerated depreciation of $4.1 for Q2 2025, $16.4 for Q3 2025, $25.9 for Q4 2025, and $30.0 for Q1 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026
Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026
Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026
March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5%
4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0
% 3.0% Three Months Ended
April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026
March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% US GAAP to non-GAAP presentation
The Company supplements its condensed consolidated financial statements, which are prepared and presented in accordance with US GAAP, with certain non-GAAP financial measures. As required by the Securities and Exchange Commission rules, the tables above present a reconciliation of the Company’s non-GAAP financial measures to the most directly comparable US GAAP measure. Each of the non-GAAP measures set forth above should be considered in addition to the comparable US GAAP measure, and may not be comparable to similarly titled measures reported by other companies. The Company believes these non-GAAP measures, when reconciled to the corresponding US GAAP measure, help its investors as follows: Non-GAAP revenue measures that assist in identifying growth trends and in comparisons of revenue with prior and future periods and non-GAAP profitability measures that assist in understanding the long-term profitability trends of the Company's business and in comparisons of its profits with prior and future periods.
The Company excludes certain items from its non-GAAP revenue measures because these items can vary dramatically between periods and can obscure underlying business trends. Items excluded from the Company’s non-GAAP revenue measures include: foreign currency transactions and translation; more or fewer shipping days in a period and the impact of acquisitions.
The Company excludes certain items from its non-GAAP profitability measures because these items may not be indicative of, or are unrelated to, the Company's core operating performance. Items excluded from the Company's non-GAAP profitability measures include: restructuring, acquisition and integration-related and other costs, legal settlements, reserves and fees, impairment of goodwill and indefinite-lived intangibles, acquisition purchase accounting, including inventory step-up from purchase accounting, adjustments of indemnification asset, adjustments of uncertain tax position and European tax restructuring.
Contact: Nicholas P. Manthey, Chief Financial Officer - (706) 624-2288
Mohawk Industries (MHK - Free Report) came out with quarterly earnings of $1.9 per share, beating the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.47%. A quarter ago, it was expected that this flooring maker would post earnings of $1.98 per share when it actually produced earnings of $2, delivering a surprise of +1.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Mohawk Industries, which belongs to the Zacks Textile - Home Furnishing industry, posted revenues of $2.73 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $2.53 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mohawk Industries shares have lost about 5.9% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Mohawk Industries?While Mohawk Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mohawk Industries was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.72 on $2.9 billion in revenues for the coming quarter and $9.08 on $11.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Textile - Home Furnishing is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Interface (TILE - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 8.
This carpet tile company is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +32%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Interface's revenues are expected to be $320 million, up 7.6% from the year-ago quarter.
For the quarter ended March 2026, Mohawk Industries (MHK - Free Report) reported revenue of $2.73 billion, up 8% over the same period last year. EPS came in at $1.90, compared to $1.52 in the year-ago quarter.
The reported revenue represents a surprise of -0.27% over the Zacks Consensus Estimate of $2.74 billion. With the consensus EPS estimate being $1.80, the EPS surprise was +5.47%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Mohawk Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Global Ceramic: $1.1 billion versus the three-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of +10.4%.Net Sales- Flooring ROW: $751.3 million compared to the $738.99 million average estimate based on three analysts. The reported number represents a change of +12.2% year over year.Net Sales- Flooring NA: $880 million compared to the $890.51 million average estimate based on three analysts. The reported number represents a change of +2% year over year.Adjusted Operating Income- Global Ceramic: $54.5 million versus $47.66 million estimated by three analysts on average.Adjusted Operating Income- Corporate and intersegment eliminations: $-13.6 million versus $-12.75 million estimated by three analysts on average.Adjusted Operating Income- Flooring ROW: $73.5 million versus $68.8 million estimated by three analysts on average.Adjusted Operating Income- Flooring NA: $35.1 million versus the three-analyst average estimate of $43.56 million.View all Key Company Metrics for Mohawk Industries here>>>
Shares of Mohawk Industries have returned +3.5% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
CALHOUN, Georgia, May 01, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) anunció hoy utilidades netas del primer trimestre de 2026 de $ 117 millones y utilidades por acción ('EPS') de $ 1.90; las utilidades netas ajustadas fueron de $ 117 millones, y la EPS ajustada fue de $ 1.90. Las ventas netas del primer trimestre de 2026 fueron de $ 2.7 mil millones, un aumento del 8.0% reportado, y una disminución del 2.6% ajustada por días constantes y tipos de cambio en relación con el año anterior. Durante el primer trimestre de 2025, la Compañía reportó ventas netas de $ 2.5 mil millones, utilidades netas de $ 73 millones y utilidades por acción de $ 1.15; las utilidades netas ajustadas fueron $ 96 millones, y la EPS ajustada fue $ 1.52.
Al comentar sobre el primer trimestre de la Compañía, el presidente del directorio y director ejecutivo, Jeff Lorberbaum, declaró: “Nuestro desempeño estuvo en línea con nuestras expectativas a pesar de un entorno desafiante. Nuestros resultados incluyen beneficios derivados de productividad, reestructuración y mezcla de productos, compensados por la inflación y el volumen. El año pasado se vio afectado por la conversión del sistema y contó con cuatro días menos. En todas nuestras regiones, el sector comercial continuó superando al residencial. La construcción de viviendas nuevas se mantuvo débil y los consumidores continuaron aplazando la compra de viviendas y los proyectos de remodelación debido a la incertidumbre económica. Estamos implementando acciones de productividad y ejecutando nuestros proyectos de reestructuración previamente anunciados para mejorar nuestros resultados. Durante el trimestre, recompramos 607,000 acciones por $ 64 millones como parte de nuestra autorización vigente de recompra de acciones. Nuestro sólido balance general proporciona flexibilidad estratégica y operativa para aprovechar las oportunidades que surjan.
A finales de febrero, el conflicto en el Medio Oriente se intensificó, aumentando la volatilidad en los mercados energéticos globales. El alza de los precios de la gasolina y del diésel fue el impacto más rápido y visible de las interrupciones del suministro y está contribuyendo a una perspectiva de consumo más cautelosa. Dependiendo de la duración del conflicto, el impacto económico variará en nuestros mercados, ya que una mayor inflación reduce la confianza del consumidor y el gasto discrecional. Los precios de la energía, así como el costo del petróleo y los derivados del gas natural, están aumentando, lo que afecta el costo de muchos de nuestros productos. Estamos implementando aumentos de precios en diversas categorías de productos y regiones geográficas, y podrían requerirse aumentos de precios adicionales. El impacto de las materias primas de mayor costo será mayor en el segundo semestre del año debido a nuestro flujo de inventario. Continuamos lanzando nuevas colecciones de productos, con diseños y características líderes en la industria para mejorar nuestras ventas y márgenes. Estamos implementando estrategias operativas que hemos utilizado para afrontar interrupciones anteriores, priorizando la adaptabilidad y el control de costos. Mantenemos flexibilidad para alinearnos con la evolución de la demanda, la disponibilidad de suministro y la volatilidad de costos. Estamos enfocados en los aspectos controlables de nuestro negocio, incluidas iniciativas comerciales, niveles de inventario, gasto discrecional e inversiones de capital.
En cuanto a los resultados del primer trimestre por segmento, las ventas netas del segmento Global Ceramic aumentaron un 10.4% reportado, o disminuyeron un 0.2% ajustadas por días constantes y tipos de cambio, con relación al año anterior. El margen operativo del segmento fue de 4.7 % reportado, o de 5.0 % sobre una base ajustada, debido al aumento de los costos de insumos frente al año anterior y menor volumen de ventas, parcialmente compensados por ganancias de productividad y una mejor mezcla de precios.
Las ventas netas en el segmento de Flooring Rest of the World aumentaron un 12.2% reportado, o disminuyeron un 4.4% ajustado por días constantes y tipos de cambio, con relación al año anterior. El margen operativo del segmento fue de 9.4% reportado, o de 9.8% ajustado, debido a presiones derivadas de precios competitivos en la industria.
Las ventas netas en el segmento Flooring North America aumentaron un 2.0% reportado y disminuyeron un 4.1% sobre una base ajustada con relación al año anterior. El margen operativo del segmento fue de 0.4 % reportado, o de 4.0 % sobre una base ajustada, debido a ganancias de productividad, parcialmente compensadas por mayores costos de insumos y presiones derivadas de precios competitivos en la industria.
Un mes dentro del segundo trimestre transcurrido, continuamos adaptando nuestro negocio a los cambios provocados por el conflicto en Oriente Medio. Hasta ahora, hemos anunciado aumentos de precios en gran parte de nuestra cartera debido a la inflación, y nuestra cartera de pedidos ha continuado creciendo. En todas nuestras regiones, el canal comercial se mantiene sólido, mientras que la remodelación residencial y la construcción de nuevas viviendas podrían verse afectadas por una menor confianza del consumidor. Nuestra oferta de gama alta está teniendo mejor desempeño en el mercado, y nuestros nuevos productos están mejorando nuestra mezcla. Estamos maximizando nuestra flexibilidad para reaccionar a los cambios en nuestra cadena de suministro, los costos operativos y la demanda del mercado. Actualmente, estamos conteniendo costos, rediseñando productos y limitando inversiones de capital. No veremos el impacto total de nuestras acciones de precios y del aumento de costos de insumos hasta el tercer trimestre. El grado en que el conflicto en Oriente Medio impactará nuestros mercados depende de la duración de las interrupciones y de la presión inflacionaria. Dados estos factores y un día de embarque menos en el segundo trimestre, esperamos que la EPS ajustada se ubique entre $ 2.50 y $ 2.60, excluyendo cualquier cargo de reestructuración u otros cargos extraordinarios.
Estamos gestionando todos los aspectos del negocio que podemos controlar y respondiendo a los cambios del mercado conforme surgen. En el pasado, Mohawk se ha adaptado a cambios cíclicos así como a disrupciones dramáticas del mercado, al tiempo que fortalecía su negocio a largo plazo. Es necesario un aumento en la construcción de viviendas nuevas para satisfacer la creciente formación de hogares, y esperamos que la remodelación aplazada del envejecido parque habitacional en nuestras regiones incremente significativamente la demanda de pisos. Mientras navegamos las condiciones actuales, estamos preparados para capitalizar la recuperación futura de nuestra industria”.
ACERCA DE MOHAWK INDUSTRIES
Durante las dos últimas décadas, Mohawk Industries ha transformado su negocio en la Compañía de pisos líder mundial, con posiciones de liderazgo en Norteamérica, Europa, Sudamérica y Oceanía. Las operaciones de manufactura y distribución verticalmente integradas de Mohawk proporcionan una ventaja competitiva en la producción de pisos de cerámica, alfombra, laminado, madera, vinilo e híbridos. La innovación líder de la industria de Mohawk ha generado diseños y mejoras de rendimiento que diferencian sus colecciones en el mercado y satisfacen todos los requerimientos de remodelación residencial y comercial, así como de nueva construcción. Las marcas de la Compañía son algunas de las más reconocidas y respetadas en la industria e incluyen American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin y Vitromex.
Algunas declaraciones en los párrafos inmediatos anteriores, en especial anticipando rendimiento futuro, perspectivas de negocios, estrategias operativas y de crecimiento y asuntos similares, e incluyen las palabras "podría", "debería", "considera", "anticipa", "espera" y "estima" o expresiones similares constituyen "declaraciones prospectivas", dentro de su significado bajo la Sección 27A de la Ley de Valores de 1933, según enmienda, y la Sección 21E de la Ley de Bolsa y Valores de 1934, según enmienda. Para esas declaraciones, Mohawk se acoge a la protección de las disposiciones Safe Harbor (salvaguarda) para las declaraciones prospectivas contenidas bajo la Ley de Litigio de Valores Privados de 1995. La administración considera que estas declaraciones prospectivas son razonables como y cuando fueron emitidas, sin embargo, se debe tener cautela de no depositar confianza indebida en ninguna declaración prospectiva debido a que tales declaraciones son válidas sólo a la fecha en que fueron emitidas. La Compañía no asume ninguna obligación de actualizar o revisar públicamente ninguna declaración prospectiva, ya sea como resultado de nueva información, eventos futuros o de otro tipo, excepto según lo exija la ley. No puede haber garantía de que las declaraciones prospectivas sean exactas debido a que están basadas en varias suposiciones, que implican riesgos e incertidumbres. Los factores importantes que pueden causar que los resultados futuros difieran de la experiencia histórica y de nuestras expectativas y proyecciones actuales incluyen, entre otros, los siguientes: cambios en las condiciones económicas o del sector; el impacto de los aranceles; la competencia; la inflación y deflación en los costos de flete, materias primas y otros costos de insumos; la inflación y deflación en los mercados de consumo; fluctuaciones cambiarias; el aumento de los costos de energía y cambios en el nivel de suministro de los mismos; el momento y el nivel de los gastos de capital; el momento y la implementación de aumentos de precios de los productos de la Compañía; cargos por deterioro; identificación y cierre de adquisiciones en términos favorables, si es que se concretan; integración de adquisiciones; operaciones internacionales; introducción de nuevos productos; racionalización de operaciones; impuestos y reformas tributarias; reclamaciones de productos y otros; litigios; conflictos geopolíticos; cambios regulatorios y políticos en las jurisdicciones en las que la Compañía realiza negocios; y otros riesgos identificados en los informes de Mohawk presentados ante la Comisión de Bolsa y Valores de los Estados Unidos (SEC) y en anuncios públicos.
Conferencia telefónica el viernes, 1 de mayo de 2026, a las 11:00 a. m., hora del este (ET)
Para participar en la conferencia telefónica vía Internet visite, https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Para participar en la conferencia telefónica, inscríbase con anticipación en, https://dpregister.com/sreg/10207491/103969d29fe para obtener un número de identificación personal único. También puede marcar el 1-833-630-1962 (EE. UU./Canadá) o el 1-412-317-1843 (internacional) el día de la llamada para obtener asistencia del operador. Pra quienes no puedan escuchar la conferencia en el horario programado, la llamada estará disponible para retransmisión hasta el 29 de mayo de 2026, llamando al 1-855-669-9658 (EE. UU./Canadá) o al 1-412-317-0088 (internacional) e ingresando el ID de conferencia n.º 7435080. La llamada se archivará y estará disponible para retransmisión durante un año en la sección "Inversores" de mohawkind.com..
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Un beneficio fiscal único de EE. UU. asociado con una iniciativa de reestructuración de una entidad legal y créditos fiscales emitidos por el gobierno brasileño relacionados con años anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Incluye depreciación acelerada de $4.1 en el segundo trimestre de 2025, $16.4 en el tercer trimestre de 2025, $25.9 en el cuarto trimestre de 2025 y $30.0 en el primer trimestre de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Presentación de medidas US GAAP y no GAAP
La Compañía complementa sus estados financieros consolidados, los cuales son preparados y presentados de conformidad con los Principios de Contabilidad Generalmente Aceptados de Estados Unidos (US GAAP), con ciertas mediciones financieras no conformes a US GAAP. De acuerdo con lo exigido por las regulaciones de la Comisión de Bolsa y Valores (SEC), las tablas anteriores presentan la conciliación de las medidas financieras no GAAP de la Compañía con la medida US GAAP más directamente comparable. Cada una de las medidas no GAAP incluidas debe ser considerada junto con la medida correspondiente conforme a US GAAP y podría no ser comparable con medidas de denominación similar reportadas por otras compañías. La Compañía considera que estas medidas no GAAP, al conciliarse con la medida GAAP correspondiente, constituyen una ayuda para los inversores de la siguiente forma: Las medidas no GAAP de ingresos que ayudan a identificar tendencias de crecimiento y en las comparaciones de ingresos de períodos anteriores y futuros y las medidas no GAAP de rentabilidad que ayudan a comprender las tendencias de la rentabilidad a largo plazo del negocio de la Compañía y en comparaciones de sus ganancias con períodos anteriores y futuros.
La Compañía excluye ciertos rubros de sus medidas no GAAP de ingresos porque pueden variar significativamente entre períodos y ocultar tendencias de negocio subyacentes. Los rubros excluidos de las medidas de ingresos no GAAP de la Compañía incluyen: transacciones de moneda extranjera y traducción; más o menos días de embarque en un período y el impacto de adquisiciones.
La Compañía excluye ciertos rubros de sus medidas de rentabilidad no GAAP porque esos rubros podrían no ser indicativos de, o no tienen relación con el rendimiento operativo fundamental de la Compañía. Los rubros excluidos de las medidas de rentabilidad no GAAP de la Compañía incluyen: costos relacionados de reestructuración, adquisición, e integración y otros, liquidación legal y reservas y cargos, deterioro del fondo de comercio e intangibles de vida indefinida, contabilización de compras de adquisiciones, incluido el aumento de inventario de contabilización de compra, ajustes de activos de indemnización, ajustes de posición fiscal incierta y reestructuración fiscal europea.
Contacto: Nicholas P. Manthey, Director Financiero - (706) 624-2288
CALHOUN, Geórgia, May 02, 2026 (GLOBE NEWSWIRE) -- A Mohawk Industries, Inc. (NYSE: MHK) anunciou hoje um lucro líquido do T1 de 2026 de $ 117 milhões e lucro por ação ("EPS") de $ 1,90; o lucro líquido ajustado foi de $ 117 milhões, e o EPS ajustado foi de $ 1,90. As vendas líquidas para o T1 de 2026 foram de $ 2,7 bilhões, um aumento de 8,0% conforme reportado e menos 2,6% estáveis em uma base ajustada em relação ao ano anterior. Durante o T1 de 2025, a Empresa relatou vendas líquidas de $ 2,5 bilhões, lucro líquido de $ 73 milhões e lucro por ação de $ 1,15; o lucro líquido ajustado foi de $ 96 milhões e o EPS ajustado foi de $ 1,52.
Comentando sobre o primeiro trimestre da Empresa, o Presidente e CEO Jeff Lorberbaum disse: “Nosso desempenho ficou dentro das nossas expectativas, apesar de um ambiente desafiador. Nossos resultados incluem benefícios de produtividade, reestruturação e mix de produtos, compensados pela inflação e volume. O ano passado foi impactado pela conversão do sistema e quatro dias a menos. Em todas as nossas regiões, o setor comercial continuou a superar o residencial. A construção de novas casas permaneceu fraca e os consumidores continuaram a adiar as compras de casas e os projetos de remodelação devido à instabilidade econômica. Estamos implementando ações de produtividade e executando nossos projetos de reestruturação anunciados anteriormente para aprimorar nossos resultados. Durante o trimestre, recompramos 607.000 ações por aproximadamente $ 64 milhões como parte da nossa autorização atual de recompra de ações. Nosso forte balanço patrimonial oferece flexibilidade estratégica e operacional para aproveitar as oportunidades que surgem.
No final de fevereiro, o conflito no Oriente Médio se intensificou, aumentando a volatilidade nos mercados globais de energia. Os preços mais altos da gasolina e do diesel rápida e claramente resultaram em interrupções do fornecimento e estão contribuindo para uma perspectiva mais cautelosa do consumidor. Dependendo da duração do conflito, o impacto econômico variará nos nossos mercados, com o aumento da inflação reduzindo a confiança e os gastos discricionários do consumidor. O preço da energia, bem como o custo dos derivados de petróleo e gás natural, estão aumentando, afetando o custo de muitos dos nossos produtos. Estamos implementando aumentos de preços em muitas categorias de produtos e regiões geográficas, e outros aumentos de preços podem ser necessários. O impacto do custo mais alto das matérias-primas será maior no segundo semestre do ano devido ao fluxo do nosso estoque. Continuamos a lançar nossas novas coleções de produtos, com designs e recursos líderes do setor para aprimorar nossas vendas e margens. Estamos implementando estratégias operacionais que usamos para navegar por interrupções passadas, que priorizam a adaptabilidade e o controle dos custos. Estamos mantendo a flexibilidade para nos alinharmos com a evolução da demanda, disponibilidade da oferta e custos voláteis. Estamos focados no que podemos controlar, tais como iniciativas de vendas, níveis de estoque, gastos discricionários e investimentos de capital.
Em relação aos resultados do primeiro trimestre por segmento, as vendas líquidas no Segmento Global de Cerâmica aumentaram 10,4% conforme reportado, ou diminuíram 0,2% ajustados para dias constantes e taxas de câmbio em relação ao ano anterior. A margem operacional do Segmento foi de 4,7% conforme reportado, ou 5,0% em base ajustada devido a maiores custos de insumos em relação ao ano anterior e menor volume de vendas, parcialmente compensado pelos ganhos de produtividade e melhor mix de preços.
As vendas líquidas no segmento de Pisos do Resto do Mundo aumentaram 12,2% conforme reportado, ou 4,4% ajustadas para dias constantes e taxas de câmbio em relação ao ano anterior. A margem operacional do segmento foi de 9,4%, conforme reportado, ou 9,8% em uma base ajustada devido a pressões de preços competitivos do setor.
As vendas líquidas no segmento de Pisos da América do Norte aumentaram 2,0% conforme reportado e diminuíram 4,1% em uma base ajustada em relação ao ano anterior. A margem operacional do Segmento foi de 0,4%, conforme reportado, ou foi de 4,0% em uma base ajustada devido a ganhos de produtividade, parcialmente compensados pelos maiores custos de insumos e pressões de preços competitivos do setor.
Em um mês do segundo trimestre continuamos a adaptar nossos negócios às mudanças causadas pelo conflito no Oriente Médio. Já implementamos aumentos de preços em grande parte do nosso portfólio devido à inflação, e nossa carteira de pedidos continuou a crescer. Em todas as nossas regiões, o canal comercial permanece sólido, enquanto a reforma residencial e a construção de novas casas podem ser impactadas pela menor confiança do consumidor. Nossa oferta de alto nível está com melhor desempenho no mercado e nossos novos produtos estão aprimorando nosso mix. Estamos maximizando a nossa flexibilidade para reagir às mudanças da nossa cadeia de suprimentos, custos operacionais e demanda do mercado. No momento, estamos contendo custos, reestruturando produtos e limitando as despesas de capital. Não veremos o impacto total das nossas ações de precificação e aumento dos custos de insumos até o terceiro trimestre. O impacto do conflito no Oriente Médio nos nossos mercados irá depender da duração das interrupções e da pressão inflacionária. Por isso tudo e um dia a menos no T2, prevemos que o nosso EPS ajustado do fique entre $ 2,50 e $ 2,60, excluindo qualquer reestruturação ou outros encargos únicos.
Estamos administrando todos os aspectos que podemos controlar na empresa e respondendo às mudanças do mercado à medida que surgem. No passado, a Mohawk se adaptou às mudanças cíclicas, bem como às dramáticas interrupções do mercado, ao mesmo tempo em que aumentou nossos negócios a longo prazo. O aumento da construção de novas casas é necessário para satisfazer as crescentes formações residenciais, e esperamos que as reformas adiadas do estoque de residências envelhecida em todas as nossas regiões aumentem substancialmente a demanda por pisos. Diante das condições atuais, estamos preparados para capitalizar a recuperação da nossa indústria que está por vir.”
SOBRE A MOHAWK INDUSTRIES
Nas últimas duas décadas, a Mohawk Industries se transformou na maior empresa de pisos do mundo, com posições de liderança na América do Norte, Europa, América do Sul e Oceania. Nossos processos de fabricação e distribuição verticalmente integrados oferecem vantagens competitivas na produção de azulejos, carpetes, laminados, madeira, pedra e pisos de vinil. A inovação líder do setor da Mohawk resulta em aprimoramentos de design a performance que destacam sua coleção no mercado e satisfazem todos os requisitos de reforma e novas construções residenciais e comerciais. As marcas da Empresa estão entre as mais reconhecidas e respeitadas do setor e incluem American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin e Vitromex.
Algumas das declarações nos parágrafos imediatamente anteriores, particularmente as de previsão de desempenho futuro, as perspectivas de negócios, as estratégias de crescimento e operacionais e assuntos semelhantes, e aquelas que incluem as palavras "poderia", "deveria", "acredita", "antecipa", "espera" e "estimativas" ou expressões semelhantes constituem "declarações de previsão" na acepção da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada, e da Seção 21E da Lei de Valores Mobiliários de 1934, conforme alterada. Para essas declarações, a Mohawk reivindica a proteção do porto seguro de declarações de previsão contidas na Lei de Reforma de Litígios de Títulos Privados de 1995. A administração acredita que estas declarações de previsão são razoáveis quando emitidas, no entanto, deve-se ter cuidado para não confiar indevidamente em tais declarações de previsão, porque tais declarações são válidas apenas na data em que foram feitas. A Empresa não é obrigada a atualizar ou publicar nenhuma declaração de previsão, seja como resultado de novas informações, eventos futuros ou de outra forma, exceto conforme exigido por lei. Não há nenhuma garantia de que as declarações de previsão sejam precisas porque são baseadas em muitas suposições, que envolvem riscos e incertezas. Fatores importantes que podem fazer com que os resultados futuros sejam diferentes da experiência histórica e nossas expectativas ou projeções atuais incluem, mas não estão limitados a: mudanças nas condições econômicas ou do setor; o impacto das tarifas; concorrência; inflação e deflação no frete, preços de matérias-primas e outros custos de insumos; inflação e deflação nos mercados de consumo; flutuações cambiais; aumento dos custos e fornecimento de energia, e mudanças nos suprimentos; tempo e nível de despesas de capital; tempo e implementação de aumentos de preços para os produtos da Empresa; encargos de redução ao valor recuperável; identificação e consumação de aquisições em termos favoráveis, se houver; integração de aquisições; operações internacionais; lançamento de novos produtos; racionalização das operações; impostos e reforma tributária; produto e outras reivindicações; litígio; conflito geopolítico; mudanças regulatórias e políticas nas jurisdições em que a Empresa faz negócios; e outros riscos identificados nos relatórios e anúncios públicos da Comissão de Valores Mobiliários dos EUA da Mohawk.
Teleconferência sexta-feira, 1 de maio de 2026, às 11h, horário do leste
Para participar da teleconferência pela Internet, visite https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Para participar da teleconferência por telefone, registre-se com antecedência em https://dpregister.com/sreg/10207491/103969d29fe para receber um número de identificação pessoal exclusivo. Você também pode discar para 1-833-630-1962 (EUA/Canadá) ou 1-412-317-1843 (internacional) no dia da chamada para obter assistência da operadora. Para quem não puder ouvir no horário marcado, a chamada permanecerá disponível para escuta até 29 de maio de 2026, através do número 1-855-669-9658 (EUA/Canadá) ou 1-412-317-0088 (internacional) com o Código de Acesso 7435080. A chamada será arquivada e estará disponível para escuta por um ano na guia "Investidores" do mohawkind.com.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Apresentação US GAAP para Não GAAP
A Empresa complementa suas demonstrações financeiras consolidadas condensadas, que são preparadas e apresentadas de acordo com o US GAAP, com certas medidas financeiras não GAAP. Conforme exigido pelas regras da Comissão de Valores Mobiliários, as tabelas acima apresentam uma reconciliação das medidas financeiras não GAAP da Empresa com a medida US GAAP mais diretamente comparável. Cada uma das medidas não GAAP estabelecidas acima deve ser considerada além da medida US GAAP comparável e pode não ser comparável às medidas de títulos semelhantes reportadas por outras empresas. A Empresa acredita que essas medidas não GAAP, quando reconciliadas com a medida US GAAP correspondente, ajudam seus investidores da seguinte forma: Medidas de receita não GAAP que auxiliam na identificação de tendências de crescimento e em comparações da receita com períodos anteriores e futuros, e medidas de rentabilidade não GAAP que auxiliam na compreensão das tendências de rentabilidade de longo prazo dos negócios da Empresa e em comparações dos seus lucros com períodos anteriores e futuros.
A Empresa exclui certos itens das suas medidas de receita não-GAAP porque esses itens podem variar drasticamente entre os períodos e podem obscurecer as tendências dos negócios subjacentes. Os itens excluídos das medidas de receita não GAAP da Empresa incluem: transações e conversão em moeda estrangeira; mais ou menos dias de envio em um período e o impacto das aquisições.
A Empresa exclui certos itens das suas medidas de lucratividade não GAAP porque esses itens podem não ser indicativos ou não estar relacionados ao desempenho operacional principal da Empresa. Os itens excluídos das medidas de rentabilidade não-GAAP da Empresa incluem: custos de reestruturação, aquisição e integração, e outros custos, acordos legais, reservas e taxas, redução ao valor recuperável de ágio e intangíveis de vida indefinida, contabilidade de compra de aquisição, incluindo aumento de estoque da contabilidade de compra, ajustes de ativo de indenização, ajustes de posição fiscal incerta e reestruturação fiscal europeia.
Contato: Contato: Nicholas P. Manthey, Diretor Financeiro - (706) 624-2288
CALHOUN, Georgia, May 02, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) heeft vandaag de nettowinst van $ 117 miljoen over het vierde kwartaal van 2026 aangekondigd, met een winst per aandeel ("EPS") van $ 1,90; de aangepaste nettowinst bedroeg $ 117 miljoen, met een aangepaste winst per aandeel van $ 1,90. De netto-omzet voor het eerste kwartaal van 2026 bedroeg $ 2,7 miljard, wat zoals gerapporteerd een daling van 8,0% inhoudt en na correctie voor het aantal dagen en wisselkoersen ten opzichte van vorig jaar een daling van 2,6% is. Voor het eerste kwartaal van 2025 rapporteerde het bedrijf een netto-omzet van $ 2,5 miljard, een nettowinst van $ 73 miljoen en een winst per aandeel van $ 1,15; de aangepaste nettowinst bedroeg $ 96 miljoen en de aangepaste EPS $ 1,52.
Over het eerste kwartaal van het bedrijf verklaarde voorzitter en CEO Jeff Lorberbaum: “Onze netto-omzet in het kwartaal was in lijn met onze verwachtingen, ondanks een uitdagende omgeving. Onze resultaten zijn onder andere te danken aan voordelen dankzij productiviteit, herstructurering en onze productmix, gecompenseerd door inflatie en volume. Afgelopen jaar werd beïnvloed door de systeemomschakeling en telde vier dagen minder. In al onze regio's bleef de commerciële sector beter presteren dan de woningbouw. Nieuwbouw bleef gematigd, en consumenten bleven door economische onzekerheid de aankoop van nieuwe woningen uitstellen en projecten herzien. We implementeren productiviteitsacties en voeren onze eerder aangekondigde herstructureringsprojecten uit om onze resultaten te verbeteren. We hebben 607.000 aandelen teruggekocht in het kwartaal voor $ 64 miljoen als onderdeel van onze huidige machtiging tot inkoop van eigen aandelen. Onze sterke balans biedt ruimte voor strategische en operationele flexibiliteit om kansen die zich voordragen te benutten.
Eind februari verergerde het conflict in het Midden-Oosten, wat voor grotere volatiliteit op de wereldwijde energiemarkten zorgde. Hogere benzine- en dieselprijzen waren de snelste en meest zichtbare effecten van verstoringen in de toelevering en droegen bij aan meer voorzichtigheid bij consumenten. Afhankelijk van de duur van het conflict zal de economische impact in onze markten variëren, waarbij door een hogere inflatie het consumentensentiment en discretionaire uitgaven zullen afnemen. Energieprijzen en de kosten van olie- en aardgasderivaten stijgen, wat de kosten van veel van onze producten beïnvloedt. We implementeren prijsverhogingen voor veel productcategorieën en regio's, en mogelijk zijn er verdere prijsverhogingen nodig. De impact van hogere kosten voor grondstoffen zal de tweede helft van het jaar groter zijn vanwege de doorstroming van voorraad. We lanceren constant nieuwe productcollecties met toonaangevende designs en kenmerken om onze verkopen en marges te verbeteren. We implementeren operationele strategieën die we hebben gebruikt om eerdere verstoringen het hoofd te bieden en die aanpasbaarheid en kostenbeheersing voorop stellen. We blijven flexibel om in te kunnen spelen op veranderende vraag, beschikbaarheid van voorraad en volatiele kosten. We focussen ons op de beheersbare aspecten van ons bedrijf, waaronder verkoopinitiatieven, voorraadniveaus, discretionaire uitgaven en kapitaalinvesteringen.
Als we kijken naar de resultaten van het eerste kwartaal per segment, steeg de netto-omzet in het segment Wereldwijde keramiek met 10,4% op gerapporteerde basis, of daalde met 0,2% na correctie voor het aantal dagen en wisselkoersen ten opzichte van vorig jaar. De operationele marge van het segment bedroeg zoals gerapporteerd 4,7%, of 5,0% op aangepaste basis, door de hogere inkoopkosten ten opzichte van het voorgaande jaar en een lager verkoopvolume, gedeeltelijk gecompenseerd door productiviteitsstijgingen en een verbeterd prijsaanbod.
De netto-omzet in het segment Vloeren - Rest van de wereld steeg met 12,2% zoals gerapporteerd, of daalde met 4,4% na correctie voor het aantal dagen en wisselkoersen ten opzichte van vorig jaar. De gerapporteerde operationele marge van dit segment bedroeg 9,4% zoals gerapporteerd, of 9,8% op aangepaste basis vanwege de druk door prijsconcurrentie in de sector.
De netto-omzet in het segment Vloeren Noord-Amerika steeg met 2,0% op gerapporteerde basis en daalde met 4,1% op gecorrigeerde basis ten opzichte van vorig jaar. De operationele marge van dit segment was 0,4% zoals gerapporteerd, of 4,0% op aangepaste basis als gevolg van hogere productiviteit, gedeeltelijk gecompenseerd door hogere inkoopkosten en de druk van prijsconcurrentie in de sector.
Nu het tweede kwartaal een maand onderweg is, blijven we onze bedrijfsvoering aanpassen aan de veranderingen als gevolg van het conflict in het Midden-Oosten. Tot nu toe hebben we als gevolg van de inflatie prijsverhogingen aangekondigd voor een groot deel van ons assortiment, en onze orderportefeuille is blijven groeien. In al onze regio’s blijft de zakelijke markt stabiel, terwijl renovaties en de nieuwbouw van woningen mogelijk te lijden hebben onder het afgenomen consumentenvertrouwen. Ons duurdere assortiment doet het beter op de markt en onze nieuwe producten versterken ons productaanbod. We maken optimaal gebruik van onze flexibiliteit om in te spelen op veranderingen in onze toeleveringsketen, onze bedrijfskosten en de marktvraag. Momenteel houden we de kosten binnen de perken, herzien we onze producten en beperken we de kapitaaluitgaven. Pas in het derde kwartaal zullen we de volledige impact van onze prijsmaatregelen en de stijgende inkoopkosten zien. De mate waarin het conflict in het Midden-Oosten onze markten zal beïnvloeden, hangt af van de duur van de verstoringen en de inflatiedruk. Gezien deze factoren verwachten we dat onze aangepaste winst per aandeel over het tweede kwartaal tussen $ 2,50 en $ 2,60 zal liggen, exclusief herstructurerings- of andere eenmalige lasten.
We houden alle aspecten van het bedrijf waar we invloed op hebben goed in de gaten en spelen direct in op veranderingen in de markt. In het verleden heeft Mohawk zich aangepast aan zowel cyclische veranderingen als ingrijpende marktverstoringen, terwijl we onze bedrijfsactiviteiten op de lange termijn hebben versterkt. Er moeten meer nieuwbouwwoningen worden gebouwd om aan de groeiende vraag naar woningen te voldoen, en we verwachten dat de uitgestelde renovaties van de verouderde woningvoorraad in onze regio’s de vraag naar vloeren aanzienlijk zal doen toenemen. Terwijl we ons een weg banen door de huidige omstandigheden, zijn we klaar om te profiteren van het herstel dat onze sector te wachten staat.”
OVER MOHAWK INDUSTRIES
In de afgelopen twintig jaar heeft Mohawk Industries het bedrijf omgevormd tot het grootste vloerbedekkingsbedrijf ter wereld, met een leidende positie in Noord-Amerika, Europa, Zuid-Amerika en Oceanië. De verticaal geïntegreerde productie- en distributieprocessen van Mohawk bieden een concurrentievoordeel bij de productie van keramische tegels, vloerkleden en laminaat-, houten, vinyl- en hybride vloerbedekking. De toonaangevende innovaties van Mohawk hebben geleid tot ontwerpen en prestatieverbeteringen die de collecties van het bedrijf onderscheiden op de markt en voldoen aan alle eisen op het gebied van nieuwbouw en verbouwingen. Onze merken behoren tot de meest erkende in deze branche en omvatten American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin en Vitromex.
Bepaalde uitspraken in de voorgaande alinea’s, met name die welke betrekking hebben op toekomstige prestaties, zakelijke vooruitzichten, groei en bedrijfsstrategieën en soortgelijke zaken, en uitspraken waarin woorden als ‘zou kunnen’, ‘zou moeten’, ‘gelooft’, 'verwacht', 'gaat ervan uit' en ‘schat’, of soortgelijke uitdrukkingen voor komen, vormen “toekomstgerichte verklaringen” in de zin van Sectie 27A van de Securities Act van 1933, zoals gewijzigd, en Sectie 21E van de Securities Exchange Act van 1934, zoals gewijzigd. Ten aanzien van deze uitspraken doet Mohawk een beroep op de zogenaamde 'veilige haven' voor toekomstgerichte uitspraken, genoemd in de Private Securities Litigation Reform Act van 1995. Het management is van mening dat deze toekomstgerichte uitspraken redelijk zijn op het moment dat ze worden gedaan; voorzichtigheid is echter geboden om niet overmatig te vertrouwen op dergelijke toekomstgerichte uitspraken, omdat deze alleen relevant zijn op de datum waarop ze worden gedaan. Het Bedrijf is niet verplicht om toekomstgerichte verklaringen publiekelijk bij te werken of te herzien, of dit nu het gevolg is van nieuwe informatie, toekomstige gebeurtenissen of iets anders, tenzij dit wettelijk verplicht is. Er bestaat geen garantie ten aanzien van de nauwkeurigheid van toekomstgerichte verklaringen omdat deze zijn gebaseerd op uiteenlopende veronderstellingen die risico's en onzekerheden met zich meebrengen. Belangrijke factoren waardoor toekomstige resultaten kunnen afwijken van ervaringen uit het verleden en van onze huidige verwachtingen of prognoses, zijn onder andere: veranderende economische of industriële omstandigheden; de impact van invoerheffingen; concurrentie; inflatie en deflatie van vrachtkosten, grondstofprijzen en andere inkoopkosten; inflatie en deflatie van consumentenmarkten; valutaschommelingen; stijgende energiekosten en veranderingen in de voorziening ervan; de timing en het niveau van kapitaaluitgaven; de timing en implementatie van prijsverhogingen van de producten van het bedrijf; bijzondere waardeverminderingen; de identificatie en eventuele voltooiing van overnames onder gunstige voorwaarden; de integratie van overnames; internationale activiteiten; de introductie van nieuwe producten; de stroomlijning van activiteiten; belasting en fiscale hervormingen; product- en andere claims; rechtszaken; geopolitieke conflicten; veranderingen in de regelgeving en politiek in de rechtsgebieden waarin het Bedrijf actief is; en andere mogelijke risicofactoren zoals beschreven in de rapporten die Mohawk heeft ingediend bij de Amerikaanse Securities and Exchange Commission en in openbare aankondigingen van Mohawk.
Conference call op vrijdag 1 mei 2026 om 11.00 uur Eastern Time
Ga naar https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call om online deel te nemen aan de conference call. Om telefonisch deel te nemen aan de conference call, moet u zich vooraf registreren via https://dpregister.com/sreg/10207491/103969d29fe om een uniek persoonlijk identificatienummer te ontvangen. Op de dag van de vergadering kunt u ook bellen naar 1-833-630-1962 (VS/Canada) of 1-412-317-1843 (internationaal) voor assistentie door de operator. Voor degenen die niet op het aangegeven tijdstip kunnen inbellen, blijft de call beschikbaar tot en met 29 mei 2026 door te bellen naar 1-855-669-9658 (VS/Canada) of 1-412-317-0088 (internationaal) en Conference ID # 7435080 in te toetsen. De call zal worden gearchiveerd en blijft gedurende één jaar beschikbaar onder het tabblad 'Investors' op mohawkind.com.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Aansluiting tussen US GAAP en niet-GAAP
Het Bedrijf vult zijn geconsolideerde samengevatte financiële overzichten, conform de Amerikaanse grondslagen voor financiële verslaggeving (US GAAP), aan met niet-GAAP gerelateerde financiële prestatie-indicatoren. Overeenkomstig de voorschriften van de Securities and Exchange Commission geven de bovenstaande tabellen een reconciliatie van de niet binnen GAAP gedefinieerde cijfers van het Bedrijf met de meest directe binnen US GAAP vergelijkbare gedefinieerde cijfers. Elk van de hierboven genoemde niet-GAAP-maatstaven moeten worden beschouwd als aanvulling op een vergelijkbare US GAAP-maatstaf en is mogelijk niet vergelijkbaar met soortgelijke maatstaven die door andere ondernemingen worden gerapporteerd. Het Bedrijf meent dat deze niet-GAAP-maatstaven, wanneer ze zijn afgestemd op de overeenkomstige US GAAP-maatstaf, zijn beleggers als volgt helpen: niet-GAAP-omzetcijfers die helpen om groeitrends vast te stellen en omzet te vergelijken met vorige en toekomstige perioden evenals niet-GAAP-winstgevendheidscijfers die helpen de winsttrends van het Bedrijf op lange termijn te doorgronden en de winst te vergelijken met vorige en toekomstige perioden.
Het Bedrijf sluit bepaalde niet binnen GAAP gedefinieerde omzetindicatoren uit, gezien deze sterk kunnen fluctueren tussen verschillende verslagperiodes en de onderliggende bedrijfstrends kunnen overschaduwen. De niet door GAAP gedefinieerde indicatoren zijn onder meer gebaseerd op wisselkoerstransacties en valutaomrekening, het aantal verzenddagen binnen een bepaalde periode en het effect van overnames.
Het Bedrijf neemt bepaalde posten niet op in zijn niet-GAAP-winstgevendheidscijfers omdat deze mogelijk niet indicatief zijn of niets te maken hebben met de kernprestaties van het Bedrijf. De volgende elementen zijn niet opgenomen in de niet-GAAP-maatstaven voor winstgevendheid: herstructurerings-, overname-, aan integratie gerelateerde en andere kosten, juridische schikkingen, reserves en commissies, bijzondere waardeverminderingen van goodwill en immateriële vaste activa met een onbeperkte levensduur, de boekhoudkundige verwerking van overnames, inclusief de verhoging van voorraden op basis van de boekhoudkundige verwerking van overnames, aanpassingen van vrijwaringsactiva, correcties van onzekere belastingposities en fiscale herstructureringen binnen Europa.
Contactpersoon: Nicholas P. Manthey, Chief Financial Officer - (706) 624-2288
CALHOUN, Géorgie, 02 mai 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE : MHK) annonce ce jour un bénéfice net de 117 millions de dollars et un bénéfice par action (ou « BPA ») de 1,90 dollar pour le premier trimestre 2026. Le bénéfice net ajusté ressort à 117 millions de dollars et le BPA ajusté à 1,90 dollars. À 2,7 milliards de dollars, le chiffre d’affaires net pour la période observée s’inscrit en hausse de 8,0 % en données publiées et en baisse de 2,6 % en données ajustées par rapport à l’exercice précédent. À la clôture du premier trimestre 2025, la Société déclarait un chiffre d’affaires net de 2,5 milliards de dollars, un bénéfice net de 73 millions de dollars et un bénéfice par action de 1,15 dollar, tandis que le bénéfice net ajusté s’élevait pour sa part à 96 millions de dollars et le BPA ajusté à 1,52 dollar.
Jeff Lorberbaum, Président et Directeur Général analyse ainsi ces résultats périodiques : « Nos performances sont conformes à nos prévisions malgré un contexte de marché difficile. Nos résultats profitent des gains de productivité, des effets de la restructuration et du mix produit, mais sont nuancés par ceux de l’inflation et des volumes. L’exercice précédent comptait quatre jours de moins du fait de la migration du système. Dans toutes nos régions, la filière commerciale continue à surpasser le secteur résidentiel. La construction de logements neufs reste faible et le contexte d’incertitude économique pousse toujours les consommateurs à différer leurs achats immobiliers et leurs projets de rénovation. Nous suivons des plans d’action axés sur la productivité et poursuivons les projets de restructuration prévus en vue d’améliorer nos performances. Dans le cadre de notre programme de rachat en cours d’exercice, nous avons racheté 607 000 actions ce trimestre, pour un montant proche de 64 millions de dollars. La solidité de notre bilan nous apporte la flexibilité stratégique et l’agilité opérationnelle nécessaires pour saisir les opportunités qui se présentent.
À la fin février, le conflit au Moyen-Orient s’est durci, ce qui a accentué la volatilité des marchés de l’énergie à l’échelle internationale. La flambée des prix des carburants s’est fait le plus fortement et le plus rapidement ressentir sur l’offre et contribue encore davantage à la prudence des consommateurs. Suivant la durée du conflit, l’impact économique variera sur nos marchés, la montée persistante de l’inflation pesant sur la confiance des consommateurs et les dépenses discrétionnaires. Les tarifs de l’énergie et des produits dérivés du pétrole et du gaz naturel s’inscrivent en hausse et affectent le coût de nombre de nos produits. Nous relevons nos prix dans de nombreuses catégories de produits et territoires géographiques, et d’autres hausses pourraient suivre. L’effet de la hausse du coût des matières premières sera plus marqué au second semestre en raison de l’écoulement des stocks. Nous poursuivons le lancement de nouvelles collections à raison de designs et de caractéristiques de premier ordre en vue d’appuyer nos ventes et nos marges. Nous suivons des stratégies opérationnelles que nous avons précédemment adoptées pour faire face à des perturbations, en privilégiant les critères d’adaptabilité et de maîtrise des coûts. Nous déployons la souplesse nécessaire pour nous aligner sur les tendances de la demande, la disponibilité de l’offre et la volatilité des coûts. Nous restons concentrés sur les leviers que nous pouvons contrôler dans le cadre de nos activités, notamment les projets commerciaux, le niveau des stocks, les dépenses discrétionnaires et les investissements.
Pour en revenir aux résultats du premier trimestre, le chiffre d’affaires net dégagé par la branche « Céramique mondiale » progresse de 10,4 % en données publiées, soit un repli de 0,2 % en données ajustées pour tenir compte des taux de change à périmètre constant par rapport à l’exercice précédent. Sur ce segment, la marge s’établit à 4,7 % en données publiées, et à 5,0 % en données ajustées. Ces valeurs s’expliquent par la hausse des budgets d’approvisionnement, que viennent partiellement nuancer des gains de productivité et un meilleur mix produit.
La branche « Revêtements de sol, reste du monde » enregistre un chiffre d’affaires qui augmente de 12,2 % en données publiées, soit un recul de 4,4 % en données ajustées pour tenir compte des taux de change à périmètre constant par rapport à l’exercice précédent. Du fait d’une pression tarifaire concurrentielle, la marge d’exploitation de ce segment s’établit à 9,4 % en données publiées, soit 9,8 % en données ajustées.
En données publiées, le chiffre d’affaires net de la branche « Revêtements de sol, Amérique du Nord » augmente de 2,0 %, pour reculer de 4,1 % en données ajustées par rapport à l’exercice précédent. Sur ce segment, la marge d’exploitation ressort à 0,4 % en données publiées, soit 4,0 % en données ajustées. Ces résultats traduisent des gains de productivité, que la hausse des budgets d’approvisionnement et la pression tarifaire exercée par la concurrence viennent partiellement nuancer.
Un mois après l’ouverture du deuxième trimestre, nous continuons d’adapter nos activités aux conséquences du conflit au Moyen-Orient. À ce jour, nous avons annoncé des hausses tarifaires sur une grande partie de notre gamme pour contrer les effets de l’inflation, mais notre carnet de commandes continue de grossir. Dans toutes les régions où nous exerçons, la filière commerciale reste forte. En revanche, celles de la rénovation résidentielle et de la construction de logements neufs pourraient souffrir d’une perte de confiance des consommateurs. Notre offre haut de gamme se comporte mieux sur le marché et nos nouveaux produits relèvent notre mix. Nous optimisons notre flexibilité pour réagir aux tendances de la chaîne d’approvisionnement, des coûts opérationnels et de la demande. Actuellement, nous maîtrisons nos coûts, repensons nos gammes et freinons nos investissements. Nous ne constaterons pas les effets de nos mesures tarifaires et de la hausse des coûts des intrants avant le troisième trimestre. L’ampleur des répercussions liées au conflit actuel au Moyen-Orient dépendra de l’échéance des perturbations et des pressions inflationnistes. En conséquence, nous prévoyons que notre BPA ajusté du deuxième trimestre se situera dans une fourchette comprise entre 2,50 et 2,60 dollars à raison d’une journée d’expédition en moins et hors charges de restructuration ou autres charges exceptionnelles.
Nous gérons tous les critères sous contrôle de nos activités et réagissons au fil de l’eau aux tendances du marché. Par le passé, Mohawk a su s’adapter aux cycles économiques et à des perturbations majeures tout en renforçant son activité de manière durable. La construction de logements neufs doit se redresser pour répondre à la croissance du nombre de ménages, et nous anticipons que le report des rénovations du parc immobilier vieillissant sur tous nos territoires d’exercice stimulera fortement la demande en revêtements de sol. À l’heure où nous nous adaptons aux conditions de marché actuelles, nous sommes prêts à tirer parti du rebond à venir de notre secteur. »
À PROPOS DE MOHAWK INDUSTRIES
Au cours de ces vingt dernières années, Mohawk Industries a fait l’objet d’une véritable transformation pour s’imposer comme un leader mondial du revêtement de sol à l’empreinte opérationnelle dominante en Amérique du Nord, en Europe, en Amérique du Sud et en Océanie. Nos procédés de fabrication et de distribution verticalement intégrés nous confèrent des avantages concurrentiels dans la production de carreaux de céramique, moquettes et parquets stratifiés, parquets en bois et revêtements de sol en vinyle ou hybrides. L’innovation révolutionnaire de Mohawk a conduit à des designs et à de meilleures performances qui différencient ses collections sur le marché et répondent à toutes les exigences en matière de rénovation résidentielle et commerciale et de nouvelle construction. Nos marques comptent parmi les plus renommées du secteur et regroupent American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin et Vitromex.
Certaines des déclarations figurant dans les paragraphes qui précèdent, en particulier celles qui anticipent les performances futures, les perspectives commerciales, les stratégies de croissance et d’exploitation et d’autres questions similaires, ainsi que celles qui emploient les constructions « pourrait », « devrait », « croit », « prévoit », « s’attend à » ou « estime », ou toute expression de même sens constituent des « déclarations prospectives » au sens de l’article 27A de la loi fédérale américaine Securities Act de 1933, dans sa version modifiée, et de l’article 21E de la loi fédérale américaine Securities Exchange Act de 1934, telle que modifiée. S’agissant de ces déclarations, Mohawk revendique la protection de la sphère de sécurité applicable aux déclarations prospectives énoncée dans le Private Securities Litigation Reform Act de 1995 (loi américaine sur la réforme des litiges en matière de valeurs mobilières privées). La direction de la Société estime que ces déclarations prospectives sont raisonnables à leur date de formulation. Il convient toutefois de ne pas s’y fier indûment, car elles sont exclusivement valables à leur date de publication. La Société décline toute obligation de les actualiser ou de les réviser publiquement, indépendamment de nouvelles informations, événements à venir ou autres circonstances, sauf si la loi l’exige. Rien ne garantit que les déclarations prospectives seront exactes, car elles reposent sur de nombreuses hypothèses induisant des risques et des incertitudes. Les facteurs importants visés ci-après pourraient notamment faire en sorte que les résultats futurs diffèrent de ceux de nos résultats passés et de nos attentes ou projections actuelles, sans toutefois s’y limiter : l’évolution de la conjoncture économique ou sectorielle ; les effets des droits de douane ; la concurrence ; l’inflation et la déflation du fret, des matières premières et d’autres coûts d’intrants ; l’inflation et la déflation des marchés de consommation ; les fluctuations de change ; la flambée des frais énergétiques et les variations des niveaux d’approvisionnement qui en découlent ; le calendrier et la hauteur des dépenses d’investissement ; le calendrier et la mise en place de grilles tarifaires supérieures applicables aux produits de la Société ; les charges de dépréciation ; l’identification et la réalisation d’acquisitions à des conditions favorables et le cas échéant les intégrations qui en résultent ; les opérations internationales ; la mise en marché de nouveaux produits ; la rationalisation des exploitations ; les taxes et réformes fiscales ; les réclamations portant sur les produits et d’autre nature ; les litiges ; les conflits géopolitiques ; les évolutions de nature réglementaire et politique dans les juridictions où la Société exerce ses activités ; et d’autres risques identifiés dans les annonces publiques et dans les rapports de Mohawk déposés auprès de la Securities and Exchange Commission des États-Unis.
Conférence téléphonique du vendredi 1er mai 2026, à 11 h (heure de l’Est)
Pour participer à la conférence téléphonique par Internet, veuillez consulter la page https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Pour participer à la conférence téléphonique par téléphone, veuillez vous inscrire en amont sur la page https://dpregister.com/sreg/10207491/103969d29fe pour recevoir votre numéro d’identification personnel unique. Le jour de la conférence, vous pouvez également composer le 1-833-630-1962 depuis les États-Unis et/ou le Canada, ou le 1-412-317-1843 depuis l’international pour obtenir l’assistance d’un opérateur. Pour tous ceux qui ne pourront pas la suivre à l’heure indiquée, la conférence téléphonique restera disponible en rediffusion jusqu’au 29 mai 2026, en composant le 1-855-669-9658 depuis les États-Unis et/ou le Canada ou le 1-412-317-0088 depuis l’international et en saisissant le code d’accès suivant : 7435080. La conférence sera archivée et disponible en replay pendant un an sous l’onglet « Investors » du site mohawkind.com.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Présentation des principes comptables généralement reconnus aux États-Unis, ou « PCGR », et des indicateurs non conformes aux PCGR
La Société complète ses états financiers consolidés condensés, préparés et présentés conformément aux PCGR en vigueur aux États-Unis, de certains indicateurs financiers non conformes à ces mêmes PCGR. Conformément aux règles de la Securities and Exchange Commission, les tableaux ci-dessus présentent un rapprochement entre les indicateurs financiers non conformes aux PCGR de la Société et ceux qui y sont conformes et en vigueur aux États-Unis les plus directement comparables. Chacun des indicateurs financiers non conformes aux PCGR présentés ci-dessus doit s’entendre comme un complément de l’indicateur financier conforme aux PCGR en vigueur aux États-Unis comparable, et ne saurait se comparer à des indicateurs similaires employés par d’autres sociétés. La Société estime que ces indicateurs non conformes aux PCGR, lorsqu’ils sont comparés avec les indicateurs financiers conformes aux PCGR en vigueur aux États-Unis correspondants, aident ses investisseurs comme suit : les indicateurs non conformes aux PCGR relatifs au chiffre d‘affaires contribuent à l’identification des tendances en matière de croissance et à l’établissement de comparaisons avec le chiffre d‘affaires des périodes précédentes et à venir ; tandis que les indicateurs non conformes aux PCGR visant la rentabilité permettent d’assimiler les tendances en matière de rentabilité à long terme des activités de la Société et d’effectuer des comparaisons avec ses bénéfices des périodes précédentes et à venir.
La Société exclut certains éléments de ses indicateurs non conformes aux PCGR relatifs au chiffre d’affaires dans la mesure où ils peuvent considérablement varier d’une période à une autre, et masquer des tendances commerciales sous-jacentes. La Société exclut les transactions en devises et les écarts de change, les variations relatives aux délais d’expédition au cours d’une période donnée et les conséquences des acquisitions de ses indicateurs de chiffre d’affaires non conformes aux PCGR.
La Société exclut certains éléments de ses indicateurs de rentabilité non conformes aux PCGR dans la mesure où ils peuvent ne pas être représentatifs des principales performances opérationnelles de la Société, ou ne pas y être liés. Les éléments suivants figurent parmi les éléments d’exclusion des indicateurs de rentabilité non conformes aux PCGR : les charges de restructuration, d’acquisition et d’intégration et autres frais connexes, les règlements juridiques, les réserves et frais, la dépréciation des écarts d’acquisition et des actifs incorporels à durée de vie indéfinie, la comptabilisation selon la méthode de l’acquisition, y compris la revalorisation des stocks à partir de la comptabilisation de l’achat, la libération de l’actif compensatoire, la contre-passation de positions fiscales incertaines et la réforme fiscale en vigueur en Europe.
Contact : Nicholas P. Manthey, directeur financier - (706) 624-2288
CALHOUN, Georgia, May 02, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) gab heute für das erste Quartal 2026 einen Nettogewinn von 117 Millionen US-Dollar sowie einen Gewinn je Aktie („EPS“) von 1,90 US-Dollar bekannt; der bereinigte Nettogewinn lag ebenfalls bei 117 Millionen US-Dollar, der bereinigte Gewinn je Aktie bei 1,90 US-Dollar. Der Nettoumsatz im ersten Quartal 2026 betrug 2,7 Milliarden US-Dollar, was einem Anstieg von 8,0 % gegenüber dem Vorjahr entspricht (unbereinigt) bzw. einem Rückgang von 2,6 % auf vergleichbarer Basis (bei konstanter Anzahl von Tagen und Wechselkursen). Im ersten Quartal 2025 hatte das Unternehmen einen Nettoumsatz von 2,5 Milliarden US-Dollar, einen Nettogewinn von 73 Millionen US-Dollar und einen Gewinn je Aktie von 1,15 US-Dollar ausgewiesen; der bereinigte Nettogewinn belief sich auf 96 Millionen US-Dollar, der bereinigte Gewinn je Aktie auf 1,52 US-Dollar.
In seinem Kommentar zum ersten Quartal erklärte der Vorsitzende und CEO Jeff Lorberbaum: „Unsere Entwicklung entsprach trotz eines anspruchsvollen Umfelds unseren Erwartungen. Unsere Ergebnisse spiegeln positive Effekte in Bezug auf Produktivität, Restrukturierungsmaßnahmen und den Produktmix wider. Diese wurden jedoch durch Inflation und Absatzrückgänge nahezu aufgehoben. Das Vorjahr war durch die Systemumstellung beeinträchtigt und umfasste vier Verkaufstage weniger. In all unseren Regionen entwickelte sich das gewerbliche Geschäft weiterhin stärker als das Wohnsegment. Der Neubau von Eigenheimen blieb verhalten, und Verbraucher verschoben angesichts der wirtschaftlichen Unsicherheit sowohl Immobilienkäufe als auch Renovierungsprojekte. Wir treiben unsere Produktivitätsinitiativen weiter voran und setzen die zuvor angekündigten Restrukturierungsprogramme konsequent um, um unsere Ergebnisse weiter zu verbessern. Im Verlauf des Quartals haben wir im Rahmen der bestehenden Rückkaufgenehmigung 607.000 eigene Aktien für insgesamt 64 Millionen US-Dollar zurückgekauft. Unsere starke Bilanz gibt uns die strategische und operative Flexibilität, um sich bietende Chancen gezielt zu nutzen.
Ende Februar eskalierte der Konflikt im Nahen Osten, was die Volatilität an den globalen Energiemärkten erhöhte. Die unmittelbarste und sichtbarste Folge der Versorgungsengpässe waren steigende Benzin- und Dieselpreise, die zu einer vorsichtigeren Stimmung unter den Verbrauchern beitrugen. Je nach Dauer des Konflikts werden sich in unseren Märkten unterschiedlich starke wirtschaftliche Auswirkungen zeigen. Die zunehmende Inflation belastet dabei die Stimmung der Verbraucher und ihre frei verfügbaren Einkommen. Zudem steigen die Energiepreise sowie die Kosten für Öl- und Erdgasderivate und wirken sich auf die Preise vieler unserer Produkte aus. Wir setzen in zahlreichen Produktkategorien und Regionen Preiserhöhungen um. Weitere Anpassungen könnten erforderlich werden. Aufgrund unseres Lagerumschlags werden die Auswirkungen höherer Rohstoffkosten erst in der zweiten Jahreshälfte deutlicher spürbar sein. Wir bringen unsere neuen Produktkollektionen weiterhin auf den Markt. Mit branchenführendem Design und innovativen Funktionen sollen sie Umsatz und Margen steigern. Zugleich setzen wir operative Strategien um, mit denen wir bereits frühere Störungen erfolgreich bewältigt haben. Diese stellen Anpassungsfähigkeit und Kostenkontrolle in den Mittelpunkt. So bewahren wir uns die nötige Flexibilität, um auf Veränderungen bei Nachfrage, Lieferverfügbarkeit und Kostenvolatilität zu reagieren. Unser Fokus liegt dabei auf den Bereichen, die wir direkt steuern können – darunter Vertriebsinitiativen, Lagerbestände, diskretionäre Ausgaben und Kapitalinvestitionen.
Was die Ergebnisse des ersten Quartals nach Segmenten betrifft, stieg der Nettoumsatz im Segment „Global Ceramic“ auf berichteter Basis um 10,4 % und sank auf vergleichbarer Basis (bei konstanter Anzahl von Tagen und Wechselkursen) um 0,2 % gegenüber dem Vorjahr. Die operative Marge des Segments lag bei 4,7 % (berichtete Basis) bzw. 5,0 % (bereinigt). Hintergrund waren höhere Inputkosten im Jahresvergleich und ein geringeres Absatzvolumen, die teilweise durch Produktivitätssteigerungen und einen verbesserten Preismix kompensiert wurden.
Der Nettoumsatz im Segment „Flooring Rest of the World“ stieg gegenüber dem Vorjahr auf berichteter Basis um 12,2 % und ging auf vergleichbarer Basis (bei konstanter Anzahl von Tagen und Wechselkursen) um 4,4 % zurück. Die operative Marge des Segments lag bei 9,4 % (berichtete Basis) bzw. 9,8 % (bereinigt) und stand durch den intensiven Preiswettbewerb in der Branche stark unter Druck.
Der Nettoumsatz im Segment „Flooring North America“ stieg gegenüber dem Vorjahr auf berichteter Basis um 2,0 % und sank auf vergleichbarer Basis um 4,1 %. Die operative Marge des Segments lag bei 0,4 % (berichtete Basis) bzw. 4,0 % (bereinigt). Dies war auf Produktivitätssteigerungen zurückzuführen, die teilweise durch höhere Inputkosten sowie den wettbewerbsbedingten Preisdruck in der Branche kompensiert wurden.
Einen Monat nach Beginn des zweiten Quartals passen wir unser Geschäft weiterhin an die durch den Nahostkonflikt ausgelösten Veränderungen an. Bislang haben wir infolge der Inflation Preiserhöhungen für einen Großteil unseres Portfolios angekündigt, und unser Auftragsbestand ist weiter gestiegen. In allen Regionen bleibt der gewerbliche Bereich stabil, während der Bereich Wohnungsrenovierung und der Neubau von Eigenheimen durch das gesunkene Verbrauchervertrauen belastet werden könnten. Unser Angebot im höheren Preissegment entwickelt sich am Markt erfolgreicher, und unsere neuen Produkte verbessern den Produktmix. Wir nutzen unsere Flexibilität konsequent, um auf Veränderungen in der Lieferkette, bei den Betriebskosten und der Marktnachfrage zu reagieren. Derzeit halten wir die Kosten niedrig, überarbeiten Produkte und begrenzen die Investitionsausgaben. Die vollen Auswirkungen unserer Preismaßnahmen sowie der steigenden Inputkosten werden sich erst im dritten Quartal zeigen. Inwieweit sich der Nahostkonflikt auf unsere Märkte auswirken wird, hängt von der Dauer der Störungen sowie dem Inflationsdruck ab. Angesichts dieser Faktoren sowie eines um einen Tag reduzierten Versandvolumens im zweiten Quartal erwarten wir, dass unser bereinigtes Ergebnis je Aktie ohne Berücksichtigung von Restrukturierungs- oder sonstigen einmaligen Aufwendungen zwischen 2,50 und 2,60 US-Dollar liegen wird.
Wir steuern alle Aspekte des Geschäfts, die wir kontrollieren können, und reagieren auf Marktveränderungen, sobald diese auftreten. In der Vergangenheit hat sich Mohawk sowohl an zyklische Veränderungen als auch an erhebliche Marktstörungen angepasst und dabei unser Geschäft langfristig gestärkt. Ein Anstieg der Neubautätigkeit ist notwendig, um der wachsenden Zahl von Haushalten gerecht zu werden. Wir gehen davon aus, dass die aufgeschobenen Renovierungsarbeiten am alternden Wohnungsbestand in unseren Regionen die Nachfrage nach Bodenbelägen deutlich steigern werden. Während wir uns im aktuellen Marktumfeld bestmöglich behaupten, sind wir gut aufgestellt, um von der bevorstehenden Erholung unserer Branche zu profitieren.“
ÜBER MOHAWK INDUSTRIES
In den letzten zwei Jahrzehnten hat sich Mohawk Industries zum weltweit größten Unternehmen für Bodenbeläge entwickelt und behauptet führende Positionen in Nordamerika, Europa, Südamerika und Ozeanien. Die vertikal integrierten Produktions- und Vertriebsstrukturen verschaffen dem Unternehmen einen deutlichen Wettbewerbsvorteil bei der Herstellung von Keramikfliesen sowie Teppich-, Laminat-, Holz-, Vinyl- und Hybridböden. Dank branchenführender Innovationen verfügen die Designs und Leistungsmerkmale von Mohawks Kollektionen über einzigartige Eigenschaften, die sie deutlich von vergleichbaren Produkten abheben. Damit werden sämtliche Anforderungen für Neubau- und Renovierungsprojekte im Wohn- und Gewerbebereich erfüllt. Zu den bekannten und renommierten Marken des Unternehmens zählen unter anderem American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin und Vitromex.
Einige der Aussagen in den unmittelbar vorhergehenden Absätzen, insbesondere die Vorwegnahme zukünftiger Leistungen, Geschäftsaussichten, Wachstums- und Betriebsstrategien und ähnlicher Angelegenheiten sowie diejenigen, die die Wörter „könnte“, „sollte“, „glaubt“, „antizipiert“, „erwartet“ und „schätzt“ oder ähnliche Begriffe enthalten, stellen „zukunftsgerichtete Aussagen“ im Sinne von Abschnitt 27A des Securities Act von 1933 in seiner geänderten Fassung und Abschnitt 21E des Securities Exchange Act von 1934 in seiner geänderten Fassung dar. Für diese Aussagen beansprucht Mohawk den Schutz der „Safe Harbor“-Bestimmungen für zukunftsgerichtete Aussagen, die im Private Securities Litigation Reform Act von 1995 enthalten sind. Die Geschäftsleitung ist der Ansicht, dass diese zukunftsgerichteten Aussagen zum Zeitpunkt ihrer Erstellung angemessen sind; es sollte jedoch darauf geachtet werden, dass kein unangemessenes Vertrauen in solche zukunftsgerichteten Aussagen gesetzt wird, da diese Aussagen nur zum Zeitpunkt ihrer Erstellung Gültigkeit haben. Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen öffentlich zu aktualisieren oder zu revidieren, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen, es sei denn, dies ist gesetzlich vorgeschrieben. Es kann nicht garantiert werden, dass die zukunftsgerichteten Aussagen korrekt sind, da sie auf vielen Annahmen beruhen, die Risiken und Unsicherheiten beinhalten. Zu den wesentlichen Faktoren, die dazu führen können, dass zukünftige Ergebnisse von bisherigen Erfahrungen sowie unseren aktuellen Erwartungen oder Prognosen abweichen, gehören unter anderem: Veränderungen der wirtschaftlichen Rahmenbedingungen oder der Branchenlage; die Auswirkungen von Zöllen; Wettbewerb; Inflation und Deflation bei Fracht-, Rohstoff- und sonstigen Vorleistungskosten; Inflation und Deflation auf den Verbrauchermärkten; Währungsschwankungen; steigende Energiekosten und Veränderungen im Energieangebot; Zeitpunkt und Umfang von Investitionsausgaben; Zeitpunkt und Umsetzung von Preiserhöhungen für die Produkte des Unternehmens; Wertminderungsaufwendungen; die Identifizierung und Durchführung von Akquisitionen zu günstigen Konditionen, sofern überhaupt; die Integration von Akquisitionen; internationale Geschäftstätigkeit; die Einführung neuer Produkte; die Rationalisierung von Geschäftsaktivitäten; Steuern und Steuerreformen; Produkt- und sonstige Haftungsansprüche; Rechtsstreitigkeiten; geopolitische Konflikte; regulatorische und politische Veränderungen in den Ländern, in denen das Unternehmen tätig ist; sowie sonstige Risiken, die in den Berichten von Mohawk an die US-Börsenaufsichtsbehörde (SEC) und in öffentlichen Bekanntmachungen beschrieben sind.
Telefonkonferenz am Freitag, 1. Mai 2026, um 11:00 Uhr Eastern Time
Um über das Internet an der Telefonkonferenz teilzunehmen, besuchen Sie bitte https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Um per Telefon teilzunehmen, registrieren Sie sich bitte vorab unter https://dpregister.com/sreg/10207491/103969d29fe, um eine persönliche Identifikationsnummer zu erhalten. Sie können auch am Tag des Anrufs die Nummer 1-833-630-1962 (USA/Kanada) oder 1-412-317-1843 (international) wählen, um Unterstützung durch einen Mitarbeiter zu erhalten. Für alle, die nicht live teilnehmen können, steht die Aufzeichnung der Telefonkonferenz bis zum 29. Mai 2026 unter 1-855-669-9658 (USA/Kanada) oder 1-412-317-0088 (international) zur Verfügung. Bitte geben Sie dafür die Konferenz-ID 7435080 ein. Die Telefonkonferenz wird zudem archiviert und ist ein Jahr lang im Bereich „Investors“ auf mohawkind.com abrufbar.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Darstellung gemäß US-GAAP und Non-GAAP
Das Unternehmen ergänzt seinen verkürzten Konzernabschluss, der in Übereinstimmung mit den US GAAP erstellt und präsentiert wird, um bestimmte nicht-GAAP-konforme Finanzkennzahlen. Wie von den Regeln der Securities and Exchange Commission gefordert, stellen die obigen Tabellen eine Abstimmung der nicht GAAP-konformen Finanzkennzahlen des Unternehmens jeweils mit der am direktesten vergleichbaren US-GAAP-Kennzahl dar. Jede der oben genannten nicht-GAAP-konformen Kennzahlen sollte zusätzlich zu der vergleichbaren US-GAAP-Kennzahl berücksichtigt werden. Sie ist möglicherweise nicht mit ähnlich benannten Kennzahlen vergleichbar, die von anderen Unternehmen gemeldet wurden. Das Unternehmen ist der Ansicht, dass diese Non-GAAP-Kennzahlen, wenn sie auf die entsprechenden US-GAAP-Kennzahlen übergeleitet werden, für seine Investoren wie folgt hilfreich sind: Non-GAAP-Umsatzkennzahlen, die bei der Identifizierung von Wachstumstrends und beim Vergleich von Umsätzen mit früheren und zukünftigen Zeiträumen helfen, und Non-GAAP-Rentabilitätskennzahlen, die beim Verständnis der langfristigen Rentabilitätstrends des Unternehmens und beim Vergleich seiner Gewinne mit früheren und zukünftigen Zeiträumen helfen.
Das Unternehmen schließt bestimmte Posten von seinen nicht-GAAP-konformen Umsatzdaten aus, da diese Posten von Berichtszeitraum zu Berichtszeitraum stark variieren und die zugrunde liegenden Geschäftstrends verschleiern können. Zu den Posten, die von den nicht GAAP-konformen Umsatzkennzahlen des Unternehmens ausgeschlossen werden, gehören: Fremdwährungstransaktionen und -umrechnungen, mehr oder weniger Versandtage in einem Zeitraum und die Auswirkungen von Übernahmen.
Das Unternehmen schließt bestimmte Posten von seinen nicht-GAAP-konformen Rentabilitätskennzahlen aus, da diese Posten möglicherweise nicht auf die operative Kernleistung des Unternehmens schließen lassen oder nicht mit ihr in Zusammenhang stehen. Zu den Posten, die von den nicht GAAP-konformen Rentabilitätskennzahlen des Unternehmens ausgeschlossen sind, gehören: Restrukturierungs-, Übernahme- und Integrationskosten sowie sonstige Kosten, Rechtsvergleiche, Rückstellungen und Gebühren, Wertminderungen von Firmenwerten und immateriellen Vermögenswerten mit unbestimmter Nutzungsdauer, Bilanzierung von Übernahmen, einschließlich der Aufstockung von Vorräten aus der Bilanzierung von Übernahmen, Anpassungen von Entschädigungsansprüchen, Anpassungen von unsicheren Steuerpositionen und steuerliche Umstrukturierungen in Europa.
Kontakt: Nicholas P. Manthey, Chief Financial Officer - (706) 624-2288
CALHOUN, Georgia, May 02, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) ha annunciato oggi un utile netto di 117 milioni di dollari e un utile per azione (“EPS”) di 1,90 dollari per il primo trimestre 2026; l’utile netto rettificato è stato di 117 milioni di dollari e l’EPS rettificato di 1,90 dollari. Le vendite nette per il primo trimestre del 2026 sono state di 2,7 miliardi di dollari, in crescita dell'8.0% in base ai dati diffusi e in calo del 2,6% su base rettificata per i tassi di cambio e a giorni costanti rispetto all'anno precedente. Nel primo trimestre del 2025, la Società aveva registrato vendite nette pari a 2,5 miliardi di dollari, un utile netto di 73 milioni di dollari e un utile per azione di 1,15 dollari; l’utile netto rettificato era di 96 milioni di dollari e l’EPS rettificato di 1,52 dollari.
Commentando i risultati della Società per il primo trimestre, il Presidente e CEO Jeff Lorberbaum ha dichiarato: “Le nostre performance sono state in linea con le nostre aspettative, nonostante un contesto difficile. I risultati riflettono i benefici derivanti dalla produttività, della ristrutturazione e dal mix di prodotti, compensati dall'inflazione e dai volumi. L'anno scorso è stato influenzato dal passaggio al nuovo sistema e ha registrato quattro giorni in meno. In tutte le nostre regioni, il settore commerciale ha continuato a registrare risultati migliori rispetto a quello residenziale. L'attività di costruzione di nuove abitazioni è rimasta debole e i consumatori hanno continuato a rinviare l'acquisto di case e i progetti di ristrutturazione a causa dell'incertezza economica. Stiamo attuando misure volte a migliorare la produttività e portando avanti i progetti di ristrutturazione annunciati in precedenza per migliorare i nostri risultati. Nel corso del trimestre, abbiamo riacquistato 607.000 azioni della nostra società per un valore di 64 milioni di dollari, nell’ambito dell’attuale programma di riacquisto di azioni proprie. La solidità del nostro bilancio ci garantisce la flessibilità strategica e operativa necessaria per cogliere le opportunità che si presentano.
Alla fine di febbraio, il conflitto in Medio Oriente si è inasprito, aumentando la volatilità dei mercati energetici globali. L'aumento dei prezzi della benzina e del gasolio ha rappresentato l'effetto più immediato e tangibile delle interruzioni dell'approvvigionamento e sta contribuendo a rendere più caute le prospettive dei consumatori. A seconda della durata del conflitto, l'impatto economico sui nostri mercati sarà variabile, con un aumento dell'inflazione che inciderà negativamente sulla fiducia dei consumatori e sulla spesa discrezionale. I prezzi dell'energia, così come il costo dei derivati del petrolio e del gas naturale, sono in aumento, il che incide sul costo di molti dei nostri prodotti. Stiamo attuando aumenti di prezzo in molte categorie di prodotti e aree geografiche, e potrebbero essere necessari ulteriori aumenti. L'impatto dell'aumento dei costi delle materie prime sarà più marcato nella seconda metà dell'anno a causa del ricambio delle scorte. Stiamo proseguendo nel lancio di nuove collezioni di prodotti, caratterizzate da design e funzionalità all'avanguardia nel settore, con l'obiettivo di incrementare le vendite e i margini. Stiamo implementando strategie operative già utilizzate in passato per superare le difficoltà, focalizzate sull'adattabilità e sul controllo dei costi. Stiamo mantenendo la flessibilità necessaria per adeguarci all'evoluzione della domanda, alla disponibilità dell'offerta e alla volatilità dei costi. Ci concentriamo sugli aspetti controllabili della nostra attività, tra cui le iniziative di vendita, i livelli delle scorte, le spese discrezionali e gli investimenti di capitale.
Per quanto riguarda i risultati del primo trimestre nei diversi segmenti, le vendite nette del segmento Global Ceramic sono aumentate del 10,4% in base ai dati diffusi, o diminuite dello 0,2% su base rettificata per i tassi di cambio e a giorni costanti rispetto all’anno precedente. Il margine operativo del segmento è stato del 4,7%, o del 5,0% su base rettificata a causa dell'aumento dei costi dei fattori rispetto all’anno precedente e del calo del volume di vendite, parzialmente compensato da aumenti di produttività e da un mix di prezzi migliorato.
Nel segmento Flooring Rest of the World, le vendite nette sono aumentate del 12,2% in base ai dati diffusi, o diminuite del 4,4% su base rettificata per i tassi di cambio e a giorni costanti rispetto all'anno precedente. Il margine operativo del segmento è stato del 9,4% in base ai dati diffusi, o del 9,8% su base rettificata, a causa delle pressioni derivanti dai prezzi competitivi del settore.
Le vendite nette del segmento Flooring North America sono aumentate del 2,0% e diminuite del 4,1% su base rettificata rispetto all’anno precedente. Il margine operativo del segmento è stato dello 0,4% in base ai dati diffusi, o del 4,0% su base rettificata, a causa degli aumenti di produttività, parzialmente compensati dai maggiori costi di produzione e dalle pressioni derivanti dai prezzi competitivi del settore.
A un mese dall'inizio del secondo trimestre, continuiamo ad adeguare la nostra attività ai cambiamenti causati dal conflitto in Medio Oriente. Finora abbiamo annunciato aumenti di prezzo su gran parte del nostro portafoglio a causa dell'inflazione, e il nostro portafoglio ordini si conferma in crescita. In tutte le nostre regioni, il canale commerciale rimane solido, mentre il settore delle ristrutturazioni residenziali e quello dell'edilizia residenziale potrebbero risentire della minore fiducia dei consumatori. La nostra offerta di fascia alta sta registrando risultati positivi sul mercato e i nostri nuovi prodotti stanno arricchendo il nostro assortimento. Stiamo ottimizzando la nostra flessibilità per reagire ai cambiamenti nella nostra catena di approvvigionamento, nei costi operativi e nella domanda di mercato. Attualmente stiamo contenendo i costi, riprogettando i prodotti e limitando gli investimenti. Non sarà possibile valutare il pieno impatto delle nostre misure sui prezzi e dell'aumento dei costi di produzione prima del terzo trimestre. L'entità dell'impatto che il conflitto in Medio Oriente avrà sui nostri mercati dipenderà dalla durata delle interruzioni e dalla pressione inflazionistica. Tenendo conto di questi fattori e di un giorno in meno per la spedizione nel secondo trimestre, prevediamo che l’EPS rettificato sarà compreso tra 2,50 e 2,60 dollari, al netto di eventuali oneri di ristrutturazione o altri oneri straordinari.
Stiamo gestendo tutti gli aspetti dell'attività che possiamo controllare e reagendo alle variazioni del mercato man mano che si presentano. In passato, Mohawk ha saputo adattarsi sia alle fluttuazioni cicliche che alle forti turbolenze del mercato, rafforzando al contempo la propria attività in una prospettiva di lungo termine. L'aumento della costruzione di nuove abitazioni è necessario per soddisfare la crescita del numero di nuclei familiari, e prevediamo che i lavori di ristrutturazione, a lungo rinviati, del parco immobiliare ormai obsoleto nelle nostre regioni determineranno un aumento significativo della domanda di pavimenti. Alla luce della situazione attuale, siamo pronti a sfruttare la ripresa che si profila nel nostro settore.”
INFORMAZIONI SU MOHAWK
Negli ultimi vent’anni, Mohawk Industries ha trasformato la sua attività diventando la più grande azienda di pavimenti al mondo, con attività di spicco in Nord America, Europa, Sud America e Oceania. I processi di produzione e distribuzione verticalmente integrati di Mohawk offrono vantaggi competitivi nella produzione di piastrelle in ceramica, moquette e pavimentazioni in laminato, legno, vinile e prodotti per pavimentazioni ibride. L’innovazione di Mohawk, leader del settore, ha generato miglioramenti di design e performance che differenziano i suoi marchi sul mercato e soddisfano tutti i requisiti di ristrutturazione e di nuova costruzione. I marchi aziendali sono fra i più noti e rispettati del settore e includono American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin e Vitromex.
Alcune delle dichiarazioni contenute nei paragrafi immediatamente precedenti, in particolare le previsioni su performance future, prospettive aziendali, strategie di crescita e operative e questioni simili e quelle che includono i termini “potrebbe”, “dovrebbe”, “ritiene”, “prevede”, “si aspetta” e “stima” o espressioni simili, costituiscono “dichiarazioni previsionali” ai sensi della Sezione 27A del Securities Act del 1933, e successive modifiche, e della Sezione 21E del Securities Exchange Act del 1934, e successive modifiche. Per queste dichiarazioni, Mohawk rivendica la protezione del safe harbor per le dichiarazioni previsionali contenuta nel Private Securities Litigation Reform Act del 1995. La direzione ritiene che queste dichiarazioni previsionali siano ragionevoli nel momento in cui vengono rilasciate; tuttavia, è necessario prestare attenzione a non fare eccessivo affidamento su tali dichiarazioni previsionali, poiché queste ultime si riferiscono solo alla data in cui sono state rilasciate. La società non si assume alcun obbligo di aggiornare o rivedere pubblicamente le dichiarazioni previsionali, sia a seguito di nuove informazioni, di eventi futuri o altro, ad eccezione di quanto previsto dalla legge. Non è possibile assicurare l'esattezza delle dichiarazioni previsionali in quanto si fondano su numerose ipotesi che comportano rischi e incertezze. Tra gli importanti fattori che potrebbero determinare una discrepanza dei futuri risultati rispetto all’esperienza storica e alle nostre attuali aspettative o proiezioni figurano, a titolo puramente esemplificativo, i seguenti elementi: cambiamenti nelle condizioni economiche o di settore; impatto delle tariffe; concorrenza; inflazione e deflazione dei prezzi delle merci, delle materie prime e di altri costi di produzione; inflazione e deflazione dei mercati di consumo; oscillazioni valutarie; aumenti dei costi energetici e variazioni nei livelli di offerta; tempistica e livello delle spese di capitale; tempistica e attuazione degli aumenti di prezzo dei prodotti della Società; oneri di svalutazione; eventuale identificazione e perfezionamento di acquisizioni in condizioni favorevoli; integrazione delle acquisizioni; operazioni internazionali; introduzione di nuovi prodotti; razionalizzazione delle operazioni; imposte e riforma fiscale; reclami sui prodotti e di altro tipo; controversie legali; conflitti geopolitici; cambiamenti normativi e politici nelle giurisdizioni in cui opera la Società e altri rischi identificati nelle relazioni SEC (Securities and Exchange Commission) e negli annunci pubblici di Mohawk.
Conference call venerdì 1 maggio 2026 alle ore 11:00 (Eastern Time)
Per partecipare alla conference call tramite Internet, visitare la pagina https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Per partecipare alla conference call tramite telefono, è necessario registrarsi anticipatamente all’indirizzo https://dpregister.com/sreg/10207491/103969d29fe per ricevere un numero univoco di identificazione personale. È possibile anche comporre il numero 1-833-630-1962 (Stati Uniti/Canada) o 1-412-317-1843 (resto del mondo) il giorno della conference call per ricevere assistenza da un operatore. Per coloro che non possono partecipare all’orario stabilito, la conference call sarà disponibile in replica fino al 29 maggio 2026 componendo il numero 1-855-669-9658 (Stati Uniti/Canada) o 1-412-317-0088 (resto del mondo) e inserendo l'ID della conferenza n. 7435080. La call verrà archiviata e sarà disponibile in replica nella scheda “Investors” del sito mohawkind.com per un anno.
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Presentazione delle US GAAP a non GAAP
La Società integra i suoi bilanci consolidati sintetici, che sono redatti e presentati in conformità agli US GAAP, con alcune misure finanziarie non-GAAP. Come richiesto dalle norme della SEC (Securities and Exchange Commission), le tabelle precedenti presentano una riconciliazione delle misure finanziarie non GAAP della società con le misure US GAAP più direttamente comparabili. Ciascuno degli indicatori non GAAP suindicato deve essere considerato in aggiunta all’indicatore US GAAP comparabile e potrebbe non essere confrontabile con misure dal nome simile presentate da altre società. La società ritiene che questi indicatori non GAAP, una volta riconciliati con i corrispondenti indicatori US GAAP, siano di ausilio per gli investitori nel seguente modo: gli indicatori di ricavi non GAAP aiutano a individuare le tendenze di crescita e a confrontare i ricavi per i periodi precedenti e futuri, mentre le misure di redditività non GAAP aiutano a comprendere le tendenze a lungo termine della redditività del business della società e a confrontare i suoi utili per i periodi precedenti e futuri.
La società esclude alcune voci dalle proprie misurazioni dei ricavi non-GAAP perché variano significativamente da un periodo all’altro e possono occultare le sottostanti tendenze del business. Le voci escluse dalle misure dei ricavi non-GAAP della Società includono: operazioni e conversioni in valuta estera, un numero maggiore o minore di giorni di spedizione in un periodo e l’impatto delle acquisizioni.
La società esclude alcune voci dalle proprie misure di redditività non-GAAP perché potrebbero non essere indicative dell’attività operativa primaria della società, oppure non essere correlate ad essa. Le voci escluse dalle misure di redditività non-GAAP della Società includono: costi di ristrutturazione, di acquisizione, di integrazione e di altro tipo, patteggiamenti legali, riserve e onorari, svalutazione dell’avviamento e delle attività immateriali a vita indefinita, contabilizzazione dell’acquisto di acquisizioni, compreso incremento dell’inventario rispetto alla contabilizzazione dell’acquisto, modifiche dell’attività di indennizzo, storno di posizioni fiscali incerte e ristrutturazione fiscale europea.
Contatto: Nicholas P. Manthey, Chief Financial Officer - (706) 624-2288
CALHOUN, Georgia, May 02, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) ha anunciado hoy unos beneficios netos del primer trimestre de 2026 de 117 millones de USD y un beneficio por acción («BPA») de 1,90 USD; el beneficio neto ajustado fue de 117 millones de USD y el BPA ajustado fue de 1,90 USD. Las ventas netas del primer trimestre de 2026 ascendieron a 2700 millones de USD, lo que supone un aumento del 8,0 % según los datos comunicados y un descenso del 2,6 % en términos ajustados por días y tipos de cambio constantes con respecto al año anterior. Durante el primer trimestre de 2025, la empresa registró unas ventas netas de 2500 millones de USD, un beneficio neto de 73 millones de USD y un beneficio por acción de 1,15 USD. El beneficio neto ajustado fue de 96 millones de USD y el BPA ajustado de 1,52 USD.
Al referirse a los resultados del tercer trimestre de la empresa, el presidente y consejero delegado (CEO), Jeff Lorberbaum, ha señalado: «Nuestros resultados se ajustaron a nuestras expectativas a pesar de un entorno difícil. Nuestros resultados incluyen beneficios derivados de la productividad, la reestructuración y la combinación de productos, contrarrestados por la inflación y el volumen. El año pasado se vieron afectados por la conversión del sistema y tuvieron cuatro días menos. En todas nuestras regiones, el sector comercial siguió obteniendo resultados superiores al residencial. La construcción de viviendas nuevas se mantuvo débil, y los consumidores continuaron posponiendo las compras de viviendas y los proyectos de reforma debido a la incertidumbre económica. Estamos implementando medidas para aumentar la productividad y llevando a cabo los proyectos de reestructuración anunciados previamente para mejorar nuestros resultados. Durante el trimestre, recompramos 607 000 acciones propias por valor de 64 millones de USD, en el marco de nuestra política actual de recompra de acciones. Nuestro sólido balance nos proporciona la flexibilidad estratégica y operativa necesaria para aprovechar las oportunidades que se presenten.
A finales de febrero, el conflicto en Oriente Medio se intensificó, aumentando la volatilidad en los mercados energéticos mundiales. El aumento de los precios de la gasolina y el diésel, consecuencia más inmediata y visible de las interrupciones en el suministro, está contribuyendo a que los consumidores adopten una actitud más cautelosa. Dependiendo de la duración del conflicto, el impacto económico variará en todos nuestros mercados, y el aumento de la inflación reducirá la confianza de los consumidores y el gasto discrecional. Los precios de la energía, así como el coste de los derivados del petróleo y del gas natural, están aumentando, lo que repercute en el coste de muchos de nuestros productos. Estamos aplicando subidas de precios en numerosas categorías de productos y regiones geográficas, y podría ser necesario aplicarlas de nuevo. El impacto del aumento del coste de las materias primas será mayor en la segunda mitad del año como consecuencia de la rotación de nuestras existencias. Continuamos lanzando nuestras nuevas líneas de productos, con diseños y características líderes en el sector para mejorar nuestros márgenes y ventas. Estamos implementando estrategias operativas que hemos utilizado para hacer frente a dificultades anteriores y que dan prioridad a la adaptabilidad y al control de costes. Mantenemos la flexibilidad necesaria para adaptarnos a la evolución de la demanda, la disponibilidad de suministros y la volatilidad de los costes. Nos centramos en los aspectos de nuestro negocio que podemos controlar, incluyendo las iniciativas de ventas, los niveles de existencias, el gasto discrecional y las inversiones de capital.
Volviendo a los resultados del primer trimestre por segmentos, las ventas netas en el segmento de cerámica a nivel mundial aumentaron un 10,4 % según los datos comunicados, y se redujeron un 0,2 % en términos ajustados por días y tipos de cambio constantes con respecto al año anterior. El margen de explotación del segmento se situó en el 4,7 % según los datos comunicados, y en el 5,0 % en términos ajustados, debido al aumento de los costes de producción con respecto al año anterior y al menor volumen de ventas, compensado en parte por la mejora de la productividad y la combinación de precios.
Las ventas netas de nuestro segmento de revestimiento de suelos del resto del mundo aumentaron un 12,2 % según los datos comunicados, o disminuyeron un 4,4 % en términos ajustados por días y tipos de cambio constantes con respecto al año anterior. El margen de explotación del segmento se situó en el 9,4 % según los datos comunicados, y en el 9,8 % en términos ajustados, debido a la presión de los precios en un sector muy competitivo.
Las ventas netas en el segmento de suelos y pavimentos en Norteamérica aumentaron un 2,0 % según los datos comunicados y se redujeron un 4,1 % en términos ajustados en comparación con el año anterior. El margen de explotación del segmento se situó en el 0,4 % según los datos comunicados, o en el 4,0 % en términos ajustados, impulsado por una mayor productividad, aunque se vio parcialmente contrarrestado por el incremento de los costes de producción y la presión en los precios del sector debido a la competencia.
Un mes después del inicio del segundo trimestre, seguimos adaptando nuestro negocio a los cambios provocados por el conflicto en Oriente Medio. Hasta la fecha, hemos anunciado subidas de precios en gran parte de nuestra cartera de productos debido a la inflación, y nuestra cartera de pedidos ha seguido creciendo. En todas nuestras regiones, el canal comercial se mantiene sólido, mientras que la reforma residencial y la construcción de viviendas nuevas podrían verse afectadas por una menor confianza de los consumidores. Nuestra oferta de gama alta está obteniendo mejores resultados en el mercado, y nuestros nuevos productos están mejorando nuestro mix. Estamos maximizando nuestra flexibilidad para reaccionar ante los cambios en nuestra cadena de suministro, los costes operativos y la demanda del mercado. Actualmente, estamos controlando los costes, rediseñando los productos y limitando los gastos de capital. No apreciaremos el alcance total de nuestras medidas en materia de precios y del aumento de los costes de producción hasta el tercer trimestre. El impacto que tendrá el conflicto de Oriente Medio en nuestros mercados dependerá de la duración de la inestabilidad y de la presión inflacionaria. Teniendo en cuenta estos factores y un día menos de envíos en el segundo trimestre, prevemos que nuestro BPA ajustado se sitúe entre 2,50 y 2,60 USD, excluidos los gastos de reestructuración u otros gastos extraordinarios.
Nos ocupamos de todos los aspectos del negocio que podemos controlar y reaccionamos a los cambios del mercado a medida que se producen. En el pasado, Mohawk se ha adaptado tanto a los cambios cíclicos como a las , así como a los drásticos desajustes del mercado, al tiempo que ha consolidado su negocio con vistas a largo plazo. Es necesario aumentar la construcción de viviendas nuevas para satisfacer el creciente número de familias, y prevemos que la reforma aplazada del parque inmobiliario envejecido en todas nuestras regiones incrementará significativamente la demanda de revestimientos para suelos. A medida que nos adaptamos a la situación actual, estaremos preparados para aprovechar la recuperación que se avecina en el sector».
ACERCA DE MOHAWK INDUSTRIES
Durante las últimas dos décadas, Mohawk Industries ha transformado su negocio hasta convertirse en la mayor empresa de revestimientos de suelos del mundo, ocupando posiciones de liderazgo en América del Norte, Europa, Sudamérica y Oceanía. Los procesos de fabricación y distribución de Mohawk, que están integrados verticalmente, ofrecen ventajas competitivas en la producción de baldosas de cerámica, moquetas y suelos laminados, de madera, vinilo e híbridos. Su innovación, líder en el sector, ha dado lugar a diseños y mejoras en el rendimiento que diferencian sus colecciones en el mercado, y que permiten satisfacer todo tipo de requisitos de reforma y nueva construcción, tanto residenciales como comerciales. Las marcas de la empresa se encuentran entre las más reconocidas y respetadas del sector e incluyen American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin y Vitromex.
Determinadas declaraciones contenidas en los párrafos anteriores, en particular las que se refieren a la previsión de resultados futuros, perspectivas de negocio, estrategias de crecimiento y operativas, y aspectos similares, así como aquellas que incluyen los términos «podría», «debería», «cree», «anticipa», «espera» y «estima», o expresiones similares, constituyen «proyecciones a futuro» en el sentido de la Sección 27A de la Ley de Valores de 1933, en su versión modificada, y la Sección 21E de la Ley de Bolsa de Valores de 1934, en su versión modificada. Para esas declaraciones, Mohawk exige la protección legal para declaraciones prospectivas contenidas en la Ley de reforma estadounidense sobre litigios de valores privados de 1995. El equipo directivo de la empresa considera que dichas declaraciones prospectivas son razonables en el momento en que se realizan. Sin embargo, conviene actuar con cautela y no depositar una confianza excesiva en dichas declaraciones, ya que solo son válidas en el momento en que se realizan. La empresa no se compromete a actualizar o revisar públicamente ninguna declaración prospectiva, ya sea como resultado de nueva información, acontecimientos futuros o cualquier otra circunstancia, salvo en los casos en que así lo exija la ley. No es posible garantizar que las declaraciones prospectivas sean precisas, ya que se basan en muchas suposiciones que implican riesgos e incertidumbres. Los siguientes factores relevantes, entre otros, podrían provocar que los resultados futuros difirieran de la evolución histórica y de nuestras expectativas o previsiones actuales: cambios en las condiciones económicas o del sector; impacto de los aranceles; competencia; inflación y deflación en los precios del transporte, las materias primas y otros costes de producción; inflación y deflación en los mercados de bienes de consumo; fluctuaciones monetarias; costes y suministro de energía; el momento y el nivel de las inversiones en activo fijo; el momento de la aplicación del aumento de precios para los productos de la empresa; cargos por deterioro; identificación y realización de adquisiciones en condiciones favorables (si las hubiera); integración de adquisiciones; operaciones internacionales; lanzamiento de nuevos productos; optimización de operaciones; impuestos y reformas fiscales; reclamaciones sobre productos o de otro tipo; litigios; conflictos geopolíticos; cambios normativos y políticos en las jurisdicciones en las que la empresa desarrolla su actividad; y otros riesgos identificados en los informes que Mohawk envía a la Comisión de Bolsa y Valores de EE. UU. (SEC), así como en sus informes y comunicados de prensa.
Conferencia telefónica: viernes, 1 de mayo de 2026, a las 11:00 h, hora del Este
Para participar en la conferencia telefónica a través de Internet, visite https://ir.mohawkind.com/events/event-details/mohawk-industries-inc-1st-quarter-2026-earnings-call. Para participar en la conferencia telefónica por teléfono, regístrese previamente en https://dpregister.com/sreg/10207491/103969d29fe para recibir un número de identificación personal único, o marque el 1-833-630-1962 (EE. UU./Canadá) o el 1-412-317-1843 (llamadas internacionales) el día de la conferencia para recibir la ayuda de un operador. Para aquellas personas que no puedan asistir a la hora designada, la teleconferencia permanecerá disponible para su reproducción hasta el 29 de mayo de 2026. Para ello, marque el 1-855-669-9658 (EE. UU./Canadá) o el 1-412-317-0088 (llamadas internacionales) e introduzca el siguiente código de conferencia: 7435080. La llamada se archivará y estará disponible para su reproducción en la pestaña «Investors» de mohawkind.com durante un año
MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net sales$2,728.7 2,525.8 Cost of sales 2,086.8 1,942.5 Gross profit 641.9 583.3 Selling, general and administrative expenses 530.1 487.3 Operating income 111.8 96.0 Interest expense 2.4 6.4 Other (income) and expense, net 1.2 (0.5)Earnings before income taxes 108.2 90.1 Income tax expense (benefit) (8.9) 17.5 Net earnings including noncontrolling interests 117.1 72.6 Net earnings attributable to noncontrolling interests — — Net earnings attributable to Mohawk Industries, Inc. 117.1 72.6 Basic earnings per share attributable to Mohawk Industries, Inc.$1.91 1.16 Weighted-average common shares outstanding - basic 61.4 62.6 Diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.15 Weighted-average common shares outstanding - diluted 61.7 62.9 Other Financial Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net cash provided by operating activities$110.1 3.7 Less: Capital expenditures 102.3 89.1 Free cash flow$7.8 (85.4) Depreciation and amortization$181.8 150.4 MOHAWK INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In millions)April 4, 2026 December 31, 2025ASSETS Current assets: Cash and cash equivalents$872.3 856.1Receivables, net 2,092.7 1,924.1Inventories 2,680.5 2,661.7Prepaid expenses and other current assets 554.7 525.2Total current assets 6,200.2 5,967.1Property, plant and equipment, net 4,662.6 4,772.0Right of use operating lease assets 394.6 408.7Goodwill 1,195.9 1,210.3Intangible assets, net 799.9 813.2Deferred income taxes and other non-current assets 537.9 516.0Total assets$13,791.1 13,687.3LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and current portion of long-term debt$381.1 289.3Accounts payable and accrued expenses 2,370.2 2,310.4Current operating lease liabilities 120.0 122.4Total current liabilities 2,871.3 2,722.1Long-term debt, less current portion 1,730.2 1,741.2Non-current operating lease liabilities 292.2 304.4Deferred income taxes and other long-term liabilities 517.7 540.9Total liabilities 5,411.4 5,308.6Total stockholders' equity 8,379.7 8,378.7Total liabilities and stockholders' equity$13,791.1 13,687.3 Segment Information Three Months Ended(In millions)April 4, 2026 March 29, 2025 Net sales: Global Ceramic$1,097.4 993.8 Flooring NA 880.0 862.4 Flooring ROW 751.3 669.6 Consolidated net sales$2,728.7 2,525.8 Operating income (loss): Global Ceramic$51.2 41.8 Flooring NA 3.8 9.3 Flooring ROW 70.5 58.7 Corporate and intersegment eliminations (13.7) (13.8)Consolidated operating income$111.8 96.0 Three Months Ended(In millions)April 4, 2026 December 31, 2025 Assets: Global Ceramic$5,248.7 5,155.0 Flooring NA 3,835.5 3,832.6 Flooring ROW 3,972.1 3,989.2 Corporate and intersegment eliminations 734.8 710.5 Consolidated assets$13,791.1 13,687.3 Reconciliation of Net Earnings Attributable to Mohawk Industries, Inc. to Adjusted Net Earnings Attributable to Mohawk Industries, Inc. and Adjusted Diluted Earnings Per Share Attributable to Mohawk Industries, Inc. Three Months Ended(In millions, except per share data)April 4, 2026 March 29, 2025 Net earnings attributable to Mohawk Industries, Inc.$117.1 72.6 Adjusting items: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Income taxes - adjustments of uncertain tax position 0.3 — Other tax related items(1) (30.7) — Income tax effect of adjustments (6.8) (3.4)Adjusted net earnings attributable to Mohawk Industries, Inc.$117.3 95.6 Adjusted diluted earnings per share attributable to Mohawk Industries, Inc.$1.90 1.52 Weighted-average common shares outstanding - diluted 61.7 62.9 (1) Um benefício fiscal único nos EUA associado a uma iniciativa de reestruturação de pessoa jurídica e créditos fiscais emitidos pelo governo brasileiro relacionados a anos anteriores.
Reconciliation of Total Debt to Net Debt (In millions)April 4, 2026Short-term debt and current portion of long-term debt$381.1Long-term debt, less current portion 1,730.2Total debt 2,111.3Less: Cash and cash equivalents 872.3Net debt$1,239.0 Reconciliation of Net Earnings to Adjusted EBITDA Trailing Twelve Three Months Ended Months Ended (In millions)June 28,
2025 September 27,
2025 December 31,
2025 April 4,
2026 April 4,
2026 Net earnings including noncontrolling interests$146.5 108.8 42.0 117.1 414.4 Interest expense 5.2 5.0 1.2 2.4 13.8 Income tax expense (benefit) 34.0 23.3 24.0 (8.9) 72.4 Depreciation and amortization(1) 155.6 170.3 176.3 181.8 684.0 EBITDA 341.3 307.4 243.5 292.4 1,184.6 Restructuring, acquisition and integration-related and other costs 25.3 30.7 25.6 7.6 89.2 Assets sale — — (5.1) — (5.1)Inventory capitalization — — (6.2) — (6.2)Impairment of goodwill and indefinite-lived intangibles — — 19.9 — 19.9 Legal settlements, reserves and fees 4.9 21.6 23.8 0.1 50.4 Adjustments of indemnification asset (0.1) (0.3) (0.3) (0.3) (1.0)Adjusted EBITDA$371.4 359.4 301.2 299.8 1,331.8 Net debt to adjusted EBITDA 0.9 (1) Inclui depreciação acelerada de $ 4,1 para o T2 de 2025, $ 16,4 para o T3 de 2025, $ 25,9 para o T4 de 2025 , e $ 30,0 para o T1 de 2026.
Reconciliation of Net Sales to Adjusted Net Sales Three Months Ended(In millions)April 4, 2026 Mohawk ConsolidatedNet sales$2,728.7 Adjustment for constant shipping days (143.0)Adjustment for constant exchange rates (126.8)Adjusted net sales$2,458.9 Three Months Ended April 4, 2026 Global CeramicNet sales$1,097.4 Adjustment for constant shipping days (48.8)Adjustment for constant exchange rates (56.8)Adjusted net sales$991.8 Flooring NA Net sales$880.0 Adjustment for constant shipping days (53.2)Adjusted net sales$826.8 Flooring ROW Net sales$751.3 Adjustment for constant shipping days (40.9)Adjustment for constant exchange rates (70.0)Adjusted net sales$640.4 Reconciliation of Gross Profit to Adjusted Gross Profit Three Months Ended (In millions)April 4, 2026 March 29, 2025 Gross Profit$641.9 583.3 Adjustments to gross profit: Restructuring, acquisition and integration-related and other costs 34.8 25.2 Adjusted gross profit$676.7 608.5 Adjusted gross profit as a percent of net sales 24.8% 24.1% Reconciliation of Selling, General and Administrative Expenses to Adjusted Selling, General and Administrative Expenses Three Months Ended(In millions)April 4, 2026 March 29, 2025 Selling, general and administrative expenses$530.1 487.3 Adjustments to selling, general and administrative expenses: Restructuring, acquisition and integration-related and other costs (2.8) (1.0)Software implementation cost write-off — 0.4 Legal settlements, reserves and fees (0.1) (0.6)Adjusted selling, general and administrative expenses$527.2 486.1 Adjusted selling, general and administrative expenses as a percent of net sales 19.3% 19.2% Reconciliation of Operating Income to Adjusted Operating Income Three Months Ended(In millions)April 4, 2026 March 29, 2025 Mohawk Consolidated Operating income$111.8 96.0 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjusted operating income$149.5 122.4 Adjusted operating income as a percent of net sales 5.5% 4.8% Global Ceramic Operating income$51.2 41.8 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.3 6.8 Software implementation cost write-off — (0.4)Adjusted segment operating income$54.5 48.2 Adjusted segment operating income as a percent of net sales5.0% 4.8% Flooring NA Operating income$3.8 9.3 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 31.3 16.2 Adjusted segment operating income$35.1 25.5 Adjusted segment operating income as a percent of net sales 4.0% 3.0% Three Months Ended April 4, 2026 March 29, 2025 Flooring ROW Operating income$70.5 58.7 Adjustments to segment operating income: Restructuring, acquisition and integration-related and other costs 3.0 2.3 Adjusted segment operating income$73.5 61.0 Adjusted segment operating income as a percent of net sales 9.8% 9.1% Corporate and intersegment eliminations Operating (loss)$(13.7) (13.8)Adjustments to segment operating (loss): Restructuring, acquisition and integration-related and other costs — 0.9 Legal settlements, reserves and fees 0.1 0.6 Adjusted segment operating (loss)$(13.6) (12.3) Reconciliation of Earnings Before Income Taxes to Adjusted Earnings Before Income Taxes Three Months Ended(In millions)April 4, 2026 March 29, 2025Earnings before income taxes$108.2 90.1 Net earnings attributable to noncontrolling interests — — Adjustments to earnings including noncontrolling interests before income taxes: Restructuring, acquisition and integration-related and other costs 37.6 26.2 Software implementation cost write-off — (0.4)Legal settlements, reserves and fees 0.1 0.6 Adjustments of indemnification asset (0.3) — Adjusted earnings before income taxes$145.6 116.5 Reconciliation of Income Tax Expense to Adjusted Income Tax Expense Three Months Ended(In millions)April 4, 2026 March 29, 2025 Income tax expense (benefit)$(8.9) 17.5 Adjustments to income tax expense: Income taxes - adjustments of uncertain tax position (0.3) — Other tax related items 30.7 — Income tax effect of adjusting items 6.8 3.4 Adjusted income tax expense$28.3 20.9 Adjusted income tax expense to adjusted earnings before income taxes 19.4% 17.9% Presentación de los principios contables generalmente aceptados (PCGA) en EE. UU. (US GAAP) frente a los principios no PCGA (non-GAAP)
La empresa acompaña sus estados financieros resumidos consolidados, que se elaboran y presentan de acuerdo con los principios de contabilidad generalmente aceptados en EE. UU. (US GAAP), con determinadas métricas financieras no incluidas en los PCGA. Según las normas de la Comisión de Bolsa y Valores (SEC), las tablas anteriores presentan una conciliación de las métricas financieras no contempladas en los PCGA de la empresa con las métricas más directamente comparables contempladas en los PCGA estadounidenses. Cada una de las métricas no contempladas en los PCGA establecidas anteriormente debe considerarse como complemento de la métrica comparable contemplada en los PCGA de EE. UU. y puede que no sea comparable con métricas de nombre similar presentadas por otras empresas. La empresa considera que estas métricas no contempladas en los PCGA, cuando se concilian con la métrica correspondiente de los PCGA de EE. UU., resultan útiles para sus inversores de la siguiente manera: las métricas de ingresos no contempladas en los PCGA ayudan a identificar las tendencias de crecimiento y a comparar los ingresos con periodos anteriores y futuros, y las métricas de rentabilidad no contempladas en los PCGA ayudan a comprender las tendencias de rentabilidad a largo plazo del negocio de la empresa y a comparar sus beneficios con periodos anteriores y futuros.
La empresa excluye determinadas partidas de sus métricas de ingresos no ajustadas a los PCGA, ya que estas pueden variar considerablemente entre periodos y ocultar las tendencias subyacentes del negocio. Las partidas excluidas de las métricas de ingresos no sujetas a los PCGA de la empresa incluyen las transacciones y la conversión de divisas, más o menos días de envío en un periodo y el impacto de las adquisiciones.
La empresa excluye ciertas partidas de sus métricas de rentabilidad no contempladas en los PCGA, porque estas partidas pueden no ser indicativas o no estar relacionadas con el principal resultado operativo de la empresa. Las partidas excluidas de las métricas de rentabilidad no sujetas a PCGA de la empresa incluyen: costes de reestructuración, relacionados con adquisiciones e integraciones y otros costes, acuerdos legales, reservas y honorarios, deterioro del fondo de comercio y de los activos intangibles de vida indefinida, contabilidad de las adquisiciones, incluido el aumento del inventario desde la contabilidad de la compra, ajustes de activos por indemnización, ajustes de partidas fiscales inciertas y reestructuración fiscal europea.
Contacto: Nicholas P. Manthey, director financiero - (706) 624-2288
Mohawk Industries remains a Hold as demand recovery in housing is still unclear despite improved execution. Q1 showed better margins—adj. gross margin at 24.8% and EBIT margin at 5.5%—driven by pricing and premium product mix. Premiumization and expanded distribution are supporting margins, but order trends may reflect demand pulled forward, not true growth.
Mohawk Industries is upgraded to a soft 'buy' after a 20% share price decline and improving fundamentals. Q1 2026 saw revenue rise 8% to $2.73B, with net income up to $117.1M and strong cash flow growth. Cost-cutting initiatives and attractive valuation multiples versus peers support the investment case, despite ongoing macro and geopolitical risks.
June 11, 2026 16:10 ET | Source: Mohawk Industries, Inc.
Paul De Cock Appointed Chief Executive Officer, Effective September 30, 2026
Jeff Lorberbaum to Retire as CEO After Accomplished 50-Year Career; Will Serve as Chairman of the Company’s Board of Directors
CALHOUN, Ga., June 11, 2026 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (“Mohawk” or the “Company”) (NYSE: MHK) today announced that Paul F. De Cock, President and Chief Operating Officer, has been appointed Chief Executive Officer (“CEO”) and a director of the Mohawk Board of Directors (the “Board”), effective September 30, 2026. Mr. De Cock will succeed Jeffrey S. Lorberbaum, who will retire from his role as CEO of the Company at that time, and continue to serve as Chairman of the Board.
Mr. De Cock brings more than two decades of industry, operational and commercial leadership experience to the CEO role. Since joining the Company through the acquisition of Unilin in 2005, he has held increasingly senior leadership roles across geographies and product categories, including laminate, wood, LVT and carpet. During his tenure, Mr. De Cock has played an instrumental role in strengthening Mohawk’s international operations and advancing the Company’s product portfolio. Mr. De Cock was appointed President and Chief Operating Officer in February 2025 in connection with the Company’s overall succession planning process.
Mr. Lorberbaum has served as Chairman of the Board since May 2004 and as the Company’s CEO since January 2001. During his tenure, Mohawk grew through a combination of organic investments and strategic acquisitions to become the world’s largest flooring manufacturer with a portfolio of industry-leading and innovative brands.
“It has been an honor and a privilege to lead Mohawk for the past 25 years, and I’m incredibly proud of what the team has accomplished over this time. I know that I will leave the Company in good hands under Paul’s leadership, and continue to have full confidence that Mohawk’s best days are to come,” said Mr. Lorberbaum. “I look forward to serving as Chairman of the Board and working closely with Paul and the rest of the management team to support a smooth transition and continuing to strengthen the Company.”
“On behalf of the Board, I want to express our gratitude to Jeff for his extraordinary leadership as CEO. Under his vision and stewardship, Jeff transformed the Company into the largest flooring manufacturer in the world, and we look forward to his continued leadership as Chairman of the Board,” said John M. Engquist, Lead Independent Director. “Paul has the deep respect of the Company’s senior leadership team, a comprehensive knowledge of the flooring industry and is greatly admired by Mohawk’s employees worldwide—all of which will allow for a seamless transition of leadership.”
“I’m deeply grateful for the opportunity to lead Mohawk and look forward to building on the strong foundation in place,” said Mr. De Cock. “As CEO, my focus will be on continuing to generate momentum and unlock new opportunities for growth and innovation while staying true to the values that got us here. I look forward to leading Mohawk through the next phase of its evolution—sharpening our focus, accelerating growth, and pursuing new pathways that will define our future.”
ABOUT MOHAWK INDUSTRIES
Over the past two decades, Mohawk Industries has transformed its business into the world’s largest flooring company with leading positions in North America, Europe, South America and Oceania. Mohawk’s vertically integrated manufacturing and distribution operations provide a competitive advantage in the production of ceramic tile, carpet and laminate, wood, vinyl and hybrid flooring products. Mohawk’s industry-leading innovation has yielded designs and performance enhancements that differentiate its collections in the marketplace and satisfy all residential and commercial remodeling and new construction requirements. The Company’s brands are among the most recognized and respected in the industry and include American Olean, Daltile, Durkan, Eliane, Elizabeth, Feltex, Godfrey Hirst, Karastan, Marazzi, Mohawk, Mohawk Group, Pergo, Quick-Step, Unilin and Vitromex.
Forward-Looking Statements
Certain of the statements in this press release, particularly those anticipating future performance, business prospects, growth and operating strategies, and similar matters, and those that include the words “could,” “should,” “believes,” “anticipates,” “expects” and “estimates” or similar expressions constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For those statements, Mohawk Industries, Inc. (the “Company”) claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Management believes that these forward-looking statements are reasonable as and when made; however, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that the forward-looking statements will be accurate because they are based on many assumptions, which involve risks and uncertainties. Important factors that could cause future results to differ from historical experience and the Company’s present expectations or projections include, but are not limited to, the following: changes in economic or industry conditions; the impact of tariffs; competition; inflation and deflation in raw material prices, freight and other input costs; inflation and deflation in consumer markets; currency fluctuations; rising energy costs and changes in the level of supply thereof; timing and level of capital expenditures; timing and implementation of price increases for the Company’s products; impairment charges; identification and consummation of acquisitions on favorable terms, if at all; integration of acquisitions; international operations; introduction of new products; rationalization of operations; tax and tax reform, product and other claims; litigation; geopolitical conflicts; regulatory and political changes in the jurisdictions in which the Company does business; and other risks identified in Mohawk’s United States Securities and Exchange Commission reports and public announcements.
Investor & Media Contact:
Joe Ahlersmeyer, CFA
Vice President – Finance & Investor Relations [email protected]
