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It has been about a month since the last earnings report for Marriott Vacations Worldwide (VAC - Free Report) . Shares have added about 9.3% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marriott Vacations Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

VAC Q1 Earnings Miss Estimates, Revenues Beat on Rental GrowthMarriott Vacations reported mixed results for the first quarter of 2026, with adjusted earnings missing the Zacks Consensus Estimate, while revenues surpassed the same. Meanwhile, earnings declined year over year, whereas revenues increased from the prior-year quarter.

Marriott Vacations benefited from higher rental and financing revenues, supported by resilient demand across its vacation ownership portfolio. Management also highlighted progress on cost actions, leadership changes and asset disposition initiatives aimed at improving profitability and cash flow generation. However, lower contract sales, higher marketing and sales costs, increased product costs and softer tour flow weighed on margins during the quarter.

Q1 Earnings & Revenue PerformanceAdjusted earnings per share (EPS) of $1.24 missed the Zacks Consensus Estimate of $1.60 by 22.5%. In the year-ago quarter, it reported adjusted EPS of $1.66.

Quarterly revenues of $1.257 billion surpassed the consensus mark of $1.196 billion by 5.1% and increased 5% on a year-over-year basis.

Segment Highlights of VACVacation Ownership: Revenues excluding cost reimbursements were flat year over year at $758 million. Consolidated contract sales totaled $411 million, down 2% year over year, as tours declined 3%, partially offset by a 1% increase in volume per guest (“VPG”). Segment adjusted EBITDA decreased 15% year over year to $188 million, while margin contracted 440 basis points (bps) year over year to 24.8%.

Management stated that the decline in tours reflected actions to prioritize higher profitability and cash flow in the Asia-Pacific region, along with lower tours from guests with FICO scores below 640. Excluding Asia-Pacific operations, tours declined 1% year over year.

Exchange & Third-Party Management: Revenues excluding cost reimbursements declined 6% year over year to $53 million, primarily due to lower revenue at Aqua-Aston. Segment adjusted EBITDA fell 14% year over year to $24 million, while margin contracted 410 bps year over year to 44.9%.

Total active Interval International members declined 2% year over year to 1.507 million, while average revenue per member fell 2% to $39.13.

Corporate and Other: General and administrative expenses increased $3 million year over year, primarily due to severance-related costs.

Marriott Vacations Margins & ProfitabilityAdjusted EBITDA declined 16% year over year to $161 million. The adjusted EBITDA margin contracted 370 bps year over year to 19.5%.

Development profit decreased 30% year over year to $55 million, while development profit margin contracted 610 bps to 16.1%. The decline reflected lower vacation ownership product revenue and higher marketing and sales expenses.

Financing profit declined 2% year over year to $51 million, while financing profit margin contracted 350 bps to 55.8%.

Rental profit decreased 22% year over year to $36 million, with rental profit margin narrowing 690 bps to 20.1%, reflecting higher rental expenses.

VAC Balance Sheet & LiquidityThe company ended the first quarter with $854 million in liquidity, including $268 million in cash and cash equivalents and $478 million available under its revolving corporate credit facility.

At quarter-end, Marriott Vacations had $3.3 billion of corporate debt and $2.3 billion of non-recourse securitized debt tied to vacation ownership notes receivable.

Inventory totaled $910 million at the end of the quarter, including $230 million classified within property and equipment.

During the quarter, the company closed the sale of the Westin Cancun hotel, generating proceeds of $50 million. Management also noted that additional non-core assets have been listed for sale and are expected to generate more than $125 million in gross proceeds during 2026.

VAC Updates 2026 OutlookFor 2026, Marriott Vacations now expects contract sales in the range of $1.815 billion to $1.885 billion compared with the previous guided range of $1.745 billion to $1.815 billion.

Adjusted EBITDA is projected between $755 million and $780 million. Adjusted net income attributable to common stockholders is expected between $255 million and $285 million.

Adjusted diluted earnings per share are anticipated in the range of $7.05 to $7.80, while adjusted free cash flow is expected between $375 million and $425 million.

Management expects second-quarter 2026 contract sales to increase 4% to 8% year over year, with adjusted EBITDA projected between $187 million and $202 million.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.

VGM ScoresAt this time, Marriott Vacations Worldwide has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Marriott Vacations Worldwide has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerMarriott Vacations Worldwide belongs to the Zacks Leisure and Recreation Services industry. Another stock from the same industry, Caesars Entertainment (CZR - Free Report) , has gained 5.1% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

Caesars Entertainment reported revenues of $2.87 billion in the last reported quarter, representing a year-over-year change of +2.7%. EPS of -$0.48 for the same period compares with -$0.54 a year ago.

Caesars Entertainment is expected to post earnings of $0.05 per share for the current quarter, representing a year-over-year change of +112.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -34%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Caesars Entertainment. Also, the stock has a VGM Score of C.

OCALA, Fla.--(BUSINESS WIRE)--E-ONE, a leading manufacturer of fire apparatus and emergency vehicles, today announced a $23.5 million investment in its manufacturing facility that will expand the company's aerial production capacity by 35 percent and is intended to reduce lead times for fire departments ordering critical equipment needed to help keep their communities safe.

E-ONE, a leading manufacturer of fire apparatus and emergency vehicles, today announced a $23.5 million investment in its manufacturing facility that will expand the company's aerial production capacity by 35 percent.

Share Fire departments across North America are facing increasing demand for modern ladder trucks and aerial firefighting platforms to support urban and suburban emergency response. The expansion will enhance E-ONE’s ability to meet this growing demand while improving manufacturing efficiency across its Ocala campus.

"This investment reflects E-ONE's unwavering commitment to the firefighting industry," said Mike Virnig, President, Specialty Vehicles segment at Terex Corporation. "Every day of reduced delivery time means people and property are better protected, and that drives our continuous improvement in manufacturing excellence."

Key benefits of E-ONE’s facility expansion

Increase aerial production capacity: Expanded production capabilities will enable E-ONE to increase aerial output by 35 percent while helping to reduce delivery timelines.

Expand manufacturing facilities: The project includes expansion of the existing assembly, fabrication and paint facilities, as well as new construction to support ladder manufacturing and assembly operations.

Improve and expand paint facility: Doubling the size of paint operations will enhance production throughput, improve quality and increase overall efficiency.

Establish a ladder build center of excellence: A dedicated ladder manufacturing facility will address current production constraints and support future capacity expansion.

Focused aerial body assembly and completion: Construct a new, focused facility to allow increased assembly capability, flexibility, and line rate output within the aerial complex.

Reduce testing bottlenecks: Construction of a second test pit at the Ocala campus will eliminate a single point of failure and improve product flow across all E-ONE product lines.

A groundbreaking ceremony will be held at E-ONE’s facility in Ocala, FL in the next couple months to be attended by state and local legislators, local fire chiefs, E-ONE fire apparatus dealers and community leaders.

About E-ONE, Inc.

For over 50 years, E-ONE has been a leading fire apparatus manufacturer, making emergency vehicles, rescue trucks, aerial fire trucks, rescue pumpers and custom fire apparatus. Headquartered in Ocala, Florida, E-ONE is an industry leader in product innovations, new technologies and exceeding customer expectations. E-ONE is owned by Terex Corporation (NYSE: TEX)

About Terex

Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential. We design and manufacture advanced specialty vehicles—including fire, ambulance, and recreational vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment. With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders. For more information, please visit www.terex.com.

Posted by Defense World Staff on Apr 5th, 2026

SG Americas Securities LLC boosted its stake in Terex Corporation (NYSE:TEX – Free Report) by 147.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,032 shares of the industrial products company’s stock after purchasing an additional 23,875 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Terex worth $2,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of Terex by 565.8% during the third quarter. Smartleaf Asset Management LLC now owns 486 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 413 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Terex by 167.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 590 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 369 shares in the last quarter. Strs Ohio purchased a new stake in Terex during the 1st quarter worth $30,000. Rise Advisors LLC lifted its holdings in Terex by 108.9% in the 3rd quarter. Rise Advisors LLC now owns 1,274 shares of the industrial products company’s stock worth $65,000 after buying an additional 664 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Terex by 137.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,641 shares of the industrial products company’s stock valued at $84,000 after buying an additional 951 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.

Insider Transactions at Terex In related news, insider Kieran Hegarty sold 11,980 shares of Terex stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $69.24, for a total transaction of $829,495.20. Following the transaction, the insider directly owned 173,495 shares of the company’s stock, valued at $12,012,793.80. The trade was a 6.46% 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. 1.90% of the stock is currently owned by insiders.

Terex Stock Down 0.2% Shares of Terex stock opened at $58.43 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.18 and a beta of 1.64. Terex Corporation has a twelve month low of $31.53 and a twelve month high of $71.50. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 1.23. The business’s 50 day simple moving average is $62.71 and its 200-day simple moving average is $55.88.

Terex (NYSE:TEX – Get Free Report) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.12. Terex had a net margin of 4.08% and a return on equity of 16.51%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.77 EPS. Terex’s revenue was up 6.2% on a year-over-year basis. Terex has set its FY 2026 guidance at 4.500-5.00 EPS. Equities research analysts forecast that Terex Corporation will post 4.83 earnings per share for the current year.

Terex Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.68 annualized dividend and a yield of 1.2%. Terex’s dividend payout ratio (DPR) is currently 20.42%.

Wall Street Analyst Weigh In Several research firms recently commented on TEX. Weiss Ratings reiterated a “hold (c)” rating on shares of Terex in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $83.00 price objective on shares of Terex in a report on Tuesday, February 17th. Wells Fargo & Company upped their target price on Terex from $56.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Robert W. Baird set a $100.00 target price on Terex in a research note on Thursday, February 12th. Finally, Truist Financial lifted their price target on shares of Terex from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.18.

Read Our Latest Report on TEX

Terex Company Profile (Free Report)

Terex Corporation is a global manufacturer of lifting and material-handling plant and equipment, serving a range of industries that includes construction, infrastructure, energy, manufacturing and shipping logistics. Its product portfolio encompasses aerial work platforms, rough terrain and tower cranes, port and cargo handling equipment, material processing machinery and utility products. These offerings are marketed under well-known brands such as Genie®, Terex® AWP, Terex® Cranes, Demag®, and Powerscreen®, and are designed to meet diverse application requirements from building sites to industrial facilities and ports.

Headquartered in Westport, Connecticut, Terex traces its roots back to 1933 and has grown through strategic acquisitions and organic expansion.

Featured Stories Five stocks we like better than Terex Want to see what other hedge funds are holding TEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terex Corporation (NYSE:TEX – Free Report).

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Stock to Watch: Terex (TEX - Free Report) Since its incorporation in 1986, Terex has evolved through strategic acquisitions disciplined portfolio management, divesting non-core businesses while strengthening focus on industrial equipment. 2025 was a transformational year, marking the successful integration of Environmental Solutions Group and the initiation of the merger with REV, which was concluded in February 2026. Terex is now a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry.

TEX is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Industrial Products stock. TEX has a Momentum Style Score of A, and shares are up 7% over the past four weeks.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.08 to $5.14 per share. TEX also boasts an average earnings surprise of +24%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TEX should be on investors' short list.

Wall Street expects a year-over-year decline in earnings on higher revenues when Terex (TEX - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1. 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 machinery products maker is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of -6%.

Revenues are expected to be $1.7 billion, up 38% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. 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. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

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How Have the Numbers Shaped Up for Terex?For Terex, 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 -0.90%.

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For the last reported quarter, it was expected that Terex would post earnings of $1.12 per share when it actually produced earnings of $1.12, delivering no surprise.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

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Terex 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.

An Industry Player's Expected ResultsAmong the stocks in the Zacks Manufacturing - Construction and Mining industry, Caterpillar (CAT - Free Report) , is soon expected to post earnings of $4.54 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +6.8%. This quarter's revenue is expected to be $16.42 billion, up 15.2% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Caterpillar has been revised 0.2% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.14%, reflecting a higher Most Accurate Estimate.

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Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Sales of $1.7 billion, up 41% on a reported basis, proforma sales up 11% Income from continuing operations of ($93) million, including significant non-cash and other merger-related charges Adjusted EBITDA7 of $173 million or 9.9% margin EPS from continuing operations of ($0.97) with an adjusted1 EPS from continuing operations of $0.98 Backlog grew to $7.1 billion, Book-to-bill of 109%, providing strong forward visibility Reaffirming 2026 Outlook5: Sales of $7.5 to $8.1 billion and EBITDA7 of $930 million to $1 billion, up $100 million or 12% year over year on a proforma13,14 basis with a 12.4% EBITDA margin at the midpoint , /PRNewswire/ -- Terex Corporation (NYSE: TEX), a global leader in specialized equipment, serving essential sectors such as emergency services, waste and recycling, utilities, and construction, today announced its results for the first quarter 2026.

CEO Commentary
"We are off to a good start and executing to plan, including the first 58 days with REV Group in our portfolio, now operating as our Specialty Vehicles (SV) segment, which made a meaningful contribution in the quarter. Our quarter-end backlog of $7.1 billion, supported by strong booking trends in Materials Processing, Aerials, and Terex Utilities, provides solid forward visibility. As a result, we are reiterating our full-year outlook," said Simon Meester, Terex President and Chief Executive Officer. "We continue to execute our strategy, including the integration of REV. We remain on track to deliver approximately $28 million of synergies in 2026 through the elimination of duplicate overhead and to achieve the full $75 million run-rate within our 24 month target."

First Quarter Operational and Financial Highlights

Backlog increased sequentially to $7.1 billion.  Bookings of $2.1 billion were down 1.1% year over year on a pro forma basis driven by timing of orders in ES and SV and reflects a book-to-bill of 109%.  Proforma bookings up 14% on a rolling six month basis. Net sales of $1.7 billion were 41.1% higher than the first quarter of 2025.  Proforma net sales grew by 11% year over year including growth in every segment. EBITDA was ($7) million, or (0.4%) of net sales, compared to $106 million, or 8.7% of net sales in the prior year.  Adjusted1 EBITDA was $173 million, or 9.9% of net sales for the first quarter of 2026, compared to $128 million, or 10.4% of net sales in the prior year. The year-over-year change was primarily due to the accretive addition of Specialty Vehicles, higher sales volumes in MP and operational improvement initiatives, partially offset by tariffs, which were not in effect in the prior year period, and unfavorable mix within Aerials, and product mix in ES. Income from continuing operations was ($93) million, or ($0.97) per share, compared to $21 million, or $0.31 per share, in the first quarter of 2025.  Adjusted1 income from continuing operations was $94 million, or $0.98 per share for the first quarter of 2026, compared to $55 million, or $0.83 per share, in the first quarter of 2025. Business Segment Review

Environmental Solutions

Net sales of $412 million were up 3.3% compared to the first quarter of 2025, driven by strong throughput and delivery of utilities products, partially offset by lower shipments of refuse collection vehicles. EBITDA was $73 million, or 17.7% of net sales, compared to $80 million, or 20.1% of net sales in the prior year.  Adjusted1 EBITDA was $74 million or 18.0% of net sales for the first quarter of 2026, compared to $81 million, or 20.3% of net sales in the prior year. The change was primarily due to unfavorable product mix, partially offset by higher sales volume and synergy realization. Materials Processing

Net sales of $419 million were up 9.7% or $37 million year over year, primarily due to higher shipment volumes across most product lines and geographies and positive effects of foreign exchange rates. On a pro forma13 basis, net sales were up 18.3% year over year, driven by growth in Aggregates, Material Handling and Recycling, partially offset by lower sales in Concrete.  EBITDA was $68 million, or 16.2% of net sales, compared to $41 million, or 10.8% of net sales in the prior year.  Adjusted1 EBITDA was $63 million, or 15.0% of net sales for the first quarter of 2026, compared to $43 million, or 11.2% of net sales in the prior year. The improvement was primarily due to higher sales volume, price realization and efficiency improvement. Specialty Vehicles

Net sales of $436 million were up 20% year over year on a pro forma13 basis, driven by growth in all product lines, partially due to weather-related delivery timing. EBITDA was ($53) million, or (12.2%) of net sales due to merger-related non-recurring items more than offsetting operational improvements.  Adjusted1 EBITDA was $62 million, or 14.2% of net sales for the first quarter of 2026, compared to $46 million, or 12.6% of net sales on a pro forma13 basis in the prior year. The improvement was primarily due to increased throughput, price realization and improved operational efficiency. Aerials

Net sales of $469 million were up 4.2% or $19 million year over year, primarily due to positive effects of foreign exchange rates. EBITDA and Adjusted1 EBITDA were breakeven, or 0.1% of net sales, for the first quarter of 2026, compared to EBITDA of $8 million, or 1.8% of net sales, and Adjusted1 EBITDA of $20 million, or 4.4% of net sales in the prior year. The change in Adjusted EBITDA was primarily due to tariffs, which the business did not incur this time last year. In addition, the business also faced some temporary unfavorable mix and timing of price realization. Balance Sheet and Liquidity

Free cash outflow7 of $57 million, similar to the prior year period. As of March 31, 2026, liquidity (cash and availability under our revolving line of credit) was $1.0 billion. During the first quarter of 2026, Terex deployed $26 million in capital expenditures and investments to support future business growth and operational improvements. Through March 31, 2026, Terex returned $19 million to shareholders through dividends and has approximately $183 million available for repurchase under our share repurchase programs. CFO Commentary
"Our overall first quarter operational financial results were consistent with our expectations.  Adjusted EPS for the quarter of $0.98 which included approximately $0.10 of tax favorability when the Q1 rate is compared to our 2026 full year expected tax rate of 21%.   Our operational EPS improvement was $0.05 compared to last year.  Notably our current Q1 EPS is based on 96.1 million diluted weighted average shares outstanding, up from 66.9 million diluted weighted average shares outstanding in the first quarter of 2025," commented Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer.  "I was also pleased with our net working capital efficiency improvement in the quarter which decreased to 16.7%, down 930 basis points compared with the prior year largely due to the addition of Specialty Vehicles.  Looking ahead, we are confirming our full year outlook, which includes the impact of the recent change in 232 tariffs which is expected to be negligible as the vast majority of our US sales are manufactured in the US."

2026 Outlook

With Q1 operational performance in line with our expectations, $7.1 billion in backlog, and end markets trending as anticipated, we are reiterating our full year outlook.  We expect 2026 sales to grow ~5% on a pro forma14 basis to $7.5 to $8.1 billion. We expect EBITDA to grow by ~$100 million or ~12% year over year on a pro forma14 basis to between $930 million and $1 billion, or 12.4% EBITDA margin at the mid-point. The EPS outlook of $4.50 - $5.00 includes the following assumptions/commentary:

11 months impact of the new Specialty Vehicle segment (former REV) ~$28 million of realized synergies for 2026, on-target to achieving a $75 million annual run-rate within 2 years Excludes the divested MP cranes and Midwest RV business results Current tariff rates to stay as-is, including the recently announced changes to 232 tariffs Interest of ~$190 million, consistent with pro-forma 2025 Full year effective tax rate of ~21% Full year average shares outstanding of 111 million for 2026, including ~115 million in Q2 to Q4 Terex Outlook4,5,6,10,11,12,14

Net Sales3

$7.5B - $8.1B

EBITDA1

$930M - $1B

EPS1,2

$4.50 - $5.00

FCF Conversion15

80% - 90%

Segment Net Sales Outlook5

Prior Year Baseline

2026

Environmental Solutions

$1,691

MSD

Materials Processing8

$1,578

HSD

Specialty Vehicles9

$2,179

HSD

Aerials

$2,060

Flat

Figures in millions

MSD = revenue up mid single-digits

HSD = revenue up high single-digits

Non-GAAP Measures and Other Items

Results of operations reflect continuing operations. All per share amounts are on a fully diluted basis.  A comprehensive review of the quarterly financial performance is contained in the presentation that will accompany the Company's earnings conference call.

In this press release, Terex refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. These non-GAAP measures may not be comparable to similarly titled measures being disclosed by other companies. Management believes that presenting these non-GAAP financial measures provide investors with additional analytical tools which are useful in evaluating our operating results and the ongoing performance of our underlying businesses because they (i) provide meaningful supplemental information regarding financial performance by excluding impact of one-time items and other items affecting comparability between periods, (ii) permit investors to view performance using the same tools that management uses to budget, make operating and strategic decisions, and evaluate our core operating performance across periods, and (iii) otherwise provide supplemental information that may be useful to investors in evaluating our financial results. We do not, nor do we suggest that investors, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

The Glossary at the end of this press release contains further details about this subject.

Conference call

The Company has scheduled a conference call to review the financial results on Friday, May 1, 2026 beginning at 8:30 a.m. ET.  Simon A. Meester, President and CEO, and Jennifer Kong-Picarello, Senior Vice President and Chief Financial Officer, will host the call. A simultaneous webcast of this call can be accessed at https://investors.terex.com. Participants are encouraged to access the call 15 minutes prior to the starting time. The call will also be archived in the Event Archive at https://investors.terex.com. 

1 Non-GAAP financial measures included within this press release are referred to as "Adjusted" or "non-GAAP." Refer to the glossary for definitions and/or reconciliations.

2 Full year share count ~111 million; Q2-Q4 share count ~115 million

3 Legacy sales expected to increase by 4% vs. 2025 excluding the tower and rough terrain cranes divestiture.

4 Outlook assumes that tariffs broadly remain at current rates.

5 Includes REV businesses for the period February 2 - December 31.

6 Excludes the impact of future acquisitions, divestitures, restructuring and other unusual items.

7 Free cash flow, EBITDA and Adjusted EBITDA are non-GAAP financial measures.

8 2025 comparable MP revenue excludes Cranes divestiture.

9 2025 comparable SV revenue shown on a pro forma basis reflecting February 2 - December 31 2025, excludes Lance & Midwest RV businesses

10 Interest / Other Expense ~$190 million

11 Tax rate ~21%

12 Depreciation & Amortization of ~$110 million excluding amortization pertaining to purchase price accounting

13 Pro forma information presents past performance as if certain events, such as mergers, acquisitions or divestitures, had occurred at an earlier date to illustrate comparable performance.

14 The Company is not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because the Company is unable to predict with a reasonable degree of certainty the exact timing and impact of such items.  See "Glossary _ Non-GAAP Measures Definition - 2026 Outlook" below for additional information.

15 Based on net income as adjusted.

Forward-Looking Statements

Certain information in this press release includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in Mr. Meester's and Ms. Kong-Picarello's quotations, our Annual Report on Form 10-K for the year ended December 31, 2025, and subsequent reports we file with the U.S. Securities and Exchange Commission from time to time, in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations – Contingencies and Uncertainties."  In addition, when included in this press release, the words "may," "expects," "should," "intends," "anticipates," "believes," "plans," "projects," "estimates," "will" and the negatives thereof and analogous or similar expressions are intended to identify forward-looking statements.  However, the absence of these words does not mean that the statement is not forward-looking.  We have based these forward-looking statements on current expectations and projections about future events.  These statements are not guarantees of future performance.  Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements.  Such risks and uncertainties, many of which are beyond our control, include, among others:

we may be unable to successfully integrate acquired or merged businesses, including REV Group, Inc. ("REV"), and we may not realize the anticipated benefits of any merged or acquired business; we may be unable to effectively manage our expanded operations following the completion of the recent transaction with REV; potential divestitures and any retained liabilities related thereto may negatively impact our business; the timing and amount of benefits from our strategic initiatives may not be as expected; our industry is highly competitive and subject to pricing pressure, and we may fail to compete effectively; we may experience disruptions within our dealer network; the imposition of new, postponed or increased international tariffs; general economic conditions, government spending priorities and the cyclical nature of markets we serve; our outstanding debt and need to comply with covenants contained in our debt agreements; we may be unable to generate sufficient cash flow to service our debt obligations and operate our business; our access to capital markets and borrowing capacity could be limited; we may face cancellations, reductions or delays in customer orders, customer breaches of purchase agreements, backlog reductions or be unable to meet customer delivery schedules; currency exchange and translation risk; the financial condition of customers and dealers and their continued access to capital; exposure from providing credit support for some of our customers and dealers; we may experience losses in excess of recorded reserves; our common stock may be affected by factors different from those previously, and may decline as a result of the transaction with REV; political, economic and other risks that arise from operating a multinational business; changes in the availability and price of certain materials and components, which may result in supply chain disruptions; consolidation within our customer base and suppliers; failure of our equipment to perform as expected; a material disruption to one of our significant facilities; a failure of a key information technology system or a breach of our information security from increased cybersecurity threats and more sophisticated computer crime; issues related to the development, deployment and use of artificial intelligence technologies in our business operations, information systems, products and services; increased regulatory focus on privacy and data security issues and expanding laws; product liability claims, litigation and other liabilities; compliance with the United States ("U.S.") Foreign Corrupt Practices Act, the U.K. Bribery Act and similar worldwide anti-corruption laws; compliance with environmental, health and safety laws and regulations and failure to meet sustainability requirements or expectations; compliance with an injunction and related obligations imposed by the U.S. Securities and Exchange Commission ("SEC"); our ability to attract, develop, engage and retain qualified team members; possible work stoppages and other labor matters; and other factors. Actual events or our actual future results may differ materially from any forward-looking statement due to these and other risks, uncertainties and material factors.  The forward-looking statements contained herein speak only as of the date of this press release.  We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this press release to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

About Terex 
Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential.

We design and manufacture advanced specialty vehicles—including fire, ambulance, and recreational vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and true value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment.

With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders.

For more information, please visit www.terex.com. 

Contact Information
Derek Everitt
VP Investor Relations 
Email:  [email protected] 

TEREX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

(unaudited)

(in millions, except per share data)

Three Months Ended

March 31,

2026

2025

Net sales

$

1,734

$

1,229

Cost of goods sold

(1,528)

(982)

Gross profit

206

247

Selling, general and administrative expenses

(241)

(161)

Amortization of purchased intangibles

(47)

(17)

Operating (loss) profit

(82)

69

Other income (expense)

Interest income

4

2

Interest expense

(47)

(43)

Other expense – net 

(1)

(2)

(Loss) income before income taxes

(126)

26

Benefit from (provision for) income taxes

33

(5)

(Loss) income from continuing operations

(93)

21

Gain on disposition of discontinued operations – net of tax

4

—

Net (loss) income

(89)

21

Basic (loss) earnings per share

(Loss) income from continuing operations

$

(0.97)

$

0.32

Gain on disposition of discontinued operations – net of tax

0.04

—

Net (loss) income

(0.93)

0.32

Diluted (loss) earnings per share:

(Loss) income from continuing operations

$

(0.97)

$

0.31

Gain on disposition of discontinued operations – net of tax

0.04

—

Net (loss) income

(0.93)

0.31

Weighted average number of shares outstanding in per share calculation

Basic

96.1

66.3

Diluted

96.1

66.9

Net (loss) income

$

(89)

$

21

Other comprehensive (loss) income

(12)

32

Comprehensive (loss) income

$

(101)

$

53

TEREX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(unaudited)

 (in millions, except par value)

March 31, 2026

December 31, 2025

Assets

Current assets

Cash and cash equivalents

$

392

$

772

Other current assets

2,779

1,953

Total current assets

3,171

2,725

Non-current assets

Property, plant and equipment – net

935

760

Other non-current assets

6,082

2,654

Total non-current assets

7,017

3,414

Total assets

$

10,188

$

6,139

Liabilities and Stockholders' Equity

Current liabilities

Current portion of long-term debt

$

4

$

6

Other current liabilities

1,720

1,181

Total current liabilities

1,724

1,187

Non-current liabilities

Long-term debt, less current portion

2,745

2,578

Other non-current liabilities

897

279

Total non-current liabilities

3,642

2,857

Total liabilities

5,366

4,044

Total stockholders' equity

4,822

2,095

Total liabilities and stockholders' equity

$

10,188

$

6,139

TEREX CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(unaudited)

(in millions)

Three Months Ended

March 31,

2026

2025

Operating Activities

Net (loss) income

$

(89)

$

21

Depreciation and amortization

77

39

Changes in operating assets and liabilities and non-cash charges

(19)

(81)

Net cash used in operating activities

(31)

(21)

Investing Activities

Capital expenditures

(26)

(36)

Other investing activities, net

(441)

10

Net cash used in investing activities

(467)

(26)

Financing Activities

Net cash provided by (used in) financing activities

122

(50)

Effect of Exchange Rate Changes on Cash and Cash Equivalents

(4)

7

Net Decrease in Cash and Cash Equivalents

(380)

(90)

Cash and Cash Equivalents at Beginning of Period

772

388

Cash and Cash Equivalents at End of Period

$

392

$

298

TEREX CORPORATION AND SUBSIDIARIES

SEGMENT RESULTS DISCLOSURE

(unaudited)

(in millions)

Q1

2026

2025

% of

% of

Net
Sales

Net
Sales

Consolidated

Net sales

$

1,734

$

1,229

Adjusted EBITDA

173

9.9 %

128

10.4 %

ES

Net sales

$

412

$

399

Adjusted EBITDA

74

18.0 %

81

20.3 %

MP

Net sales

$

419

$

382

Adjusted EBITDA

63

15.0 %

43

11.2 %

SV

Net sales

$

436

$

—

Adjusted EBITDA

62

14.2 %

—

*

Aerials

Net sales

$

469

$

450

Adjusted EBITDA

—

0.1 %

20

4.4 %

Corp and Other /
Eliminations

Net sales

$

(2)

$

(2)

Adjusted EBITDA

(26)

*

(16)

*

* Not a meaningful percentage

GLOSSARY

Non-GAAP Measures Definitions

In an effort to provide investors with additional information regarding the Company's results, Terex refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures which management believes provides useful information to investors. These non-GAAP measures may not be comparable to similarly titled measures being disclosed by other companies. In addition, the Company believes that non-GAAP financial measures should be considered in addition to, and not in lieu of, GAAP financial measures. Terex believes that this non-GAAP information is useful to understanding its operating results and the ongoing performance of its underlying businesses. Management of Terex uses both GAAP and non-GAAP financial measures to establish internal budgets and targets and to evaluate the Company's financial performance against such budgets and targets.

The amounts described below are unaudited, are reported in millions of U.S. dollars (except share data and percentages), and are as of or for the period ended March 31, 2026, unless otherwise indicated.

2026 Outlook

The Company's 2026 outlook for segment operating margin, earnings per share, EBITDA, free cash flow, and free cash flow conversion are non-GAAP financial measures because they exclude the impact of potential future acquisitions, divestitures, restructuring, tariffs, trade policies and other unusual items. The Company is not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because the Company is unable to predict with a reasonable degree of certainty the exact timing and impact of such items. The unavailable information could have a significant impact on the Company's full-year 2026 GAAP financial results. This forward looking information provides guidance to investors about the Company's 2026 Outlook excluding unusual items that the Company does not believe is reflective of its ongoing operations.

Free Cash Flow
The Company calculates a non-GAAP measure of free cash flow that is defined as Net cash provided by (used in) operating activities less Capital expenditures, net of proceeds from sale of capital assets.  The Company believes this measure provides management and investors further useful information on cash generation or use in our primary operations and the efficiency with which the Company converts earnings into cash.  The following table reconciles Net cash provided by (used in) operating activities to free cash flow (in millions):

Three Months Ended

March 31,

2026

2025

Net cash used in operating activities

$                  (31)

$                  (21)

Capital expenditures, net of proceeds from sale of
capital assets

(26)

(34)

Free cash (outflow)

$                  (57)

$                  (55)

GAAP to Non-GAAP Reconciliation: Q1 2026

Q1 2026

GAAP

Restructuring
and Other

Deal related

Purchase
Price
Accounting

Divestitures

Tax

Q1 2026

Adjusted
(non-GAAP)

Net Sales

$

1,734

—

—

—

—

—

$

1,734

Gross Profit

206

1

—

118

—

—

325

% of Sales

11.9 %

18.8 %

SG&A

(241)

—

68

1

(3)

—

(175)

Amortization of Purchased
Intangibles

(47)

—

—

47

—

—

—

SG&A % of Sales

(13.9 %)

(10.1 %)

Operating (Loss) Profit

$

(82)

1

68

166

(3)

—

$

150

Operating Margin

(4.7 %)

8.6 %

Net Interest (Expense) Income

(43)

—

—

—

—

—

(43)

Other (Expense) Income - Net

(1)

—

—

—

—

—

(1)

(Loss) Income Before Income
Taxes

(126)

1

68

166

(3)

—

106

Benefit From (Provision for)
Income Taxes

33

—

(10)

(39)

1

3

(12)

Effective Tax Rate

26.5 %

11.0 %

(Loss) Income from
Continuing Operations

$

(93)

1

58

127

(2)

3

$

94

Earnings (Loss) per Share
from Continuing Operations

$

(0.97)

$         0.01

$       0.61

$       1.32

$      (0.02)

$       0.03

$

0.98

GAAP to Non-GAAP Reconciliation: Q1 2025

Q1 2025

GAAP

Restructuring
and Other1

Deal Related

Purchase
Price
Accounting

Litigation
Related

Mark to
Market

Q1 2025

Adjusted
(non-GAAP)

Net Sales

$

1,229

—

—

—

—

—

$

1,229

Gross Profit

247

2

—

4

—

—

253

% of Sales

20.1 %

20.5 %

SG&A

(161)

4

5

—

10

—

(142)

Amortization of Purchased
Intangibles

(17)

—

—

17

—

—

—

SG&A % of Sales

(13.1 %)

(11.6 %)

Operating Profit

$

69

6

5

21

10

—

$

111

Operating Margin

5.6 %

9.1 %

Net Interest Income (Expense)

(41)

—

—

—

—

—

(41)

Other Income (Expense) - Net

(2)

—

1

—

—

1

–

Income (Loss) Before Income
Taxes

26

6

6

21

10

1

70

(Provision for) Benefit From
Income Taxes

(5)

(1)

(1)

(5)

(2)

(1)

(15)

Effective Tax Rate

20.3 %

21.0 %

Net Income (Loss)

$

21

5

5

16

8

—

$

55

Earnings (Loss) per Share

$

0.31

$         0.07

$       0.07

$       0.25

$       0.13

$          —

$

0.83

1Includes previously disclosed adjustments in Q1 2025 pertaining to Accelerated vesting / Severance and Tariff related activity

Segment Operating Profit and Adjusted Operating Profit: Q1 2026 and Q1 2025

Three Months Ended
March 31,

2026

2025

ES

MP

SV

Aerials

ES

MP

Aerials

Operating Profit

$       49

$       63

$      (88)

$       (7)

$       56

$       36

$        2

Restructuring and Other

1

—

—

—

—

2

2

Purchase Price Accounting

20

—

144

—

21

—

—

Litigation Related

—

—

—

—

—

—

10

Divestitures

—

(5)

2

—

—

—

—

Adjusted Operating Profit

$       70

$       58

$       58

$       (7)

$       77

$       38

$       14

Net Sales

$     412

$     419

$     436

$     469

$     399

$     382

$     450

OP Margin %

11.9 %

15.0 %

(20.2 %)

(1.5 %)

14.0 %

9.4 %

0.4 %

Adjusted OP Margin %

17.0 %

13.8 %

13.3 %

(1.5 %)

19.4 %

10.0 %

3.0 %

Reconciliation of Q1 2026 Pro Forma Net Sales Performance

Three Months Ended
March 31,

2026 Net Sales (as reported)

$                     1,734

2025 Net Sales (as reported)

1,229

Less: MP Cranes Impact1

(28)

Plus: Specialty Vehicles (Feb 2 - March 31)

364

2025 Net Sales (pro forma)

$                     1,565

Pro Forma YoY Change in Net Sales

$                        169

11 %

1 The Adjusted EBITDA impact from the divested MP Cranes business was $1 million for the three months ended March 31, 2025

EBITDA
EBITDA is defined as earnings, before interest, other non-operating income (loss), income (loss) attributable to non-controlling interest, taxes, depreciation and amortization.  The Company calculates this by subtracting the following items from Net income (loss): (Gain) loss on disposition of discontinued operations- net of tax; and (Income) loss from discontinued operations – net of tax.  Then adds the Provision for (benefit from) income taxes; Interest & Other (Income) Expense; the Depreciation and Amortization amounts reported in the Consolidated Statement of Cash Flows less amortization of debt issuance costs that are recorded in Interest expense. Adjusted EBITDA is defined as EBITDA plus certain SG&A and other income/expenses.

Terex believes that disclosure of EBITDA and Adjusted EBITDA will be helpful to those reviewing its performance, as EBITDA provides information on Terex's ability to meet debt service, capital expenditure and working capital requirements, and is also an indicator of profitability.

Three Months Ended

March 31,

2026

2025

Net (loss) income

$                   (89)

$                    21

(Gain) loss on disposition of discontinued operations - net of tax

(4)

—

Income (loss) from continuing operations

(93)

21

Interest & Other (Income) Expense

44

43

Provision for (benefit from) income taxes

(33)

5

Operating (loss) profit

(82)

69

Depreciation

23

17

Amortization

54

22

Non-Cash Interest Costs

(2)

(2)

EBITDA

$                    (7)

$                  106

Restructuring and Other

1

6

Deal Related

68

5

Purchase Price Accounting

114

1

Litigation Related

—

10

Divestitures

(3)

—

Adjusted EBITDA

$                  173

$                  128

Net Sales

$                1,734

$                1,229

EBITDA Margin %

(0.4 %)

8.7 %

Adjusted EBITDA Margin %

9.9 %

10.4 %

Segment EBITDA and Adjusted EBITDA: Q1 2026 and Q1 2025

Three Months Ended
March 31,

2026

2025

ES

MP

SV

Aerials

ES

MP

Aerials

Net income (loss)1

$       49

$       60

$      (91)

$       (8)

$       56

$       33

$        2

Interest expense

—

3

3

—

—

3

—

Other expense

—

—

—

1

—

—

—

Operating (Loss) Profit

$       49

$       63

$      (88)

$       (7)

$       56

$       36

$        2

Depreciation

4

5

4

7

4

4

6

Amortization

20

—

31

—

20

1

—

EBITDA

73

68

(53)

—

80

41

8

Restructuring and Other

1

—

—

—

—

2

2

Purchase Price Accounting

—

—

113

—

1

—

—

Litigation Related

—

—

—

—

—

—

10

Divestitures

—

(5)

2

—

—

—

—

Adjusted EBITDA

$       74

$       63

$       62

$       —

$       81

$       43

$       20

Net Sales

$     412

$     419

$     436

$     469

$     399

$     382

$     450

EBITDA Margin %

17.7 %

16.2 %

(12.2 %)

0.1 %

20.1 %

10.8 %

1.8 %

Adjusted EBITDA Margin %

18.0 %

15.0 %

14.2 %

0.1 %

20.3 %

11.2 %

4.4 %

1 Management does not allocate income taxes, interest costs incurred at the Corporate level, and certain other Corporate items to the segments.

SOURCE Terex Corporation

For the quarter ended March 2026, Terex (TEX - Free Report) reported revenue of $1.73 billion, up 41.1% over the same period last year. EPS came in at $0.98, compared to $0.83 in the year-ago quarter.

The reported revenue represents a surprise of +2.24% over the Zacks Consensus Estimate of $1.7 billion. With the consensus EPS estimate being $0.78, the EPS surprise was +25.96%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Terex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net sales- ES: $412 million versus the three-analyst average estimate of $419.63 million. The reported number represents a year-over-year change of +3.3%.Net sales- Corp and Other / Eliminations: $-2 million versus $-2.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Net sales- Materials Processing & Mining (MP): $419 million versus the three-analyst average estimate of $389.08 million. The reported number represents a year-over-year change of +9.7%.Net sales- Aerials: $469 million compared to the $422.2 million average estimate based on three analysts. The reported number represents a change of +4.2% year over year.View all Key Company Metrics for Terex here>>>

Shares of Terex have returned +6.3% over the past month versus the Zacks S&P 500 composite's +10.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Have you evaluated the performance of Terex's (TEX - Free Report) international operations during the quarter that concluded in March 2026? Considering the extensive worldwide presence of this machinery products maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.

In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.

Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.

While delving into TEX's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.

The recent quarter saw the company's total revenue reaching $1.73 billion, marking an improvement of 41.1% from the prior-year quarter. Next, we'll examine the breakdown of TEX's revenue from abroad to comprehend the significance of its international presence.

A Look into TEX's International Revenue StreamsWestern Europe generated $194 million in revenues for the company in the last quarter, constituting 11.2% of the total. This represented a surprise of -11.97% compared to the $220.38 million projected by Wall Street analysts. Comparatively, in the previous quarter, Western Europe accounted for $168 million (12.8%), and in the year-ago quarter, it contributed $162 million (13.2%) to the total revenue.

During the quarter, Asia-Pacific contributed $116 million in revenue, making up 6.7% of the total revenue. When compared to the consensus estimate of $140.53 million, this meant a surprise of -17.46%. Looking back, Asia-Pacific contributed $122 million, or 9.3%, in the previous quarter, and $102 million, or 8.3%, in the same quarter of the previous year.

Revenue Forecasts for the International MarketsWall Street analysts expect Terex to report a total revenue of $2.15 billion in the current fiscal quarter, which suggests an increase of 44.9% from the prior-year quarter. Revenue shares from Western Europe and Asia-Pacific are predicted to be 12.2%, and 6.7%, corresponding to amounts of $262.64 million, and $143.29 million, respectively.

For the full year, a total revenue of $7.84 billion is expected for the company, reflecting an increase of 44.6% from the year before. The revenues from Western Europe and Asia-Pacific are expected to make up 13.2%, and 7.8% of this total, corresponding to $1.03 billion, and $607.31 million, respectively.

In ConclusionThe dependency of Terex on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.

In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.

At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.

Boasting a remarkable track record that's been externally verified, the Zacks Rank, our unique stock rating system, leverages changes in earnings projections to function as a reliable gauge for predicting short-term stock price movements.

Terex, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

A Review of Terex's Recent Stock Market PerformanceThe stock has witnessed an increase of 5.7% over the past month versus the Zacks S&P 500 composite's an increase of 10%. In the same interval, the Zacks Industrial Products sector, to which Terex belongs, has registered an increase of 7.5%. Over the past three months, the company's shares saw a decrease of 1.4%, while the S&P 500 increased by 4.4%. In comparison, the sector experienced an increase of 7.2% during this timeframe.

, /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced that its Board of Directors declared a quarterly dividend of $0.17 per share. The dividend is to be paid on June 22, 2026 to all stockholders of record as of the close of business on June 8, 2026.

About Terex
Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential.

We design and manufacture advanced specialty vehicles—including fire, ambulance, and Recreational Vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and true value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment.

With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders.

For more information, please visit www.terex.com.

Contact Information
Derek Everitt
VP Investor Relations
Email: [email protected]

SOURCE Terex Corporation

Investors in Terex Corporation (TEX - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the July 17, 2026 $05.00 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 Terex share, but what is the fundamental picture for the company? Currently, Terex is a Zacks Rank #3 (Hold) in the Manufacturing - Construction and Mining Industry that ranks in the Bottom 8% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their estimates for the current quarter, while seven have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter to move from $1.34 per share to $1.26 per share in the same time period.

Given the way analysts feel about Terex 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.

Posted by Defense World Staff on Apr 13th, 2026

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).

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.

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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.

Posted by Defense World Staff on Apr 26th, 2026

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).

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.

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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.

Mohawk Industries, Inc. (MHK) Q1 2026 Earnings Call Transcript

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, 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) 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

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.

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]

Key Takeaways AWR outpaces CWT with higher ROE, lower debt-to-capital, and stronger recent price gains. CWT projects faster EPS growth, with 19.07% rise in 2026 compared with 6.5% rise for AWR. AWR benefits from diversified operations, rate hikes, and steady infrastructure investments. The companies under the Zacks Utility - Water Supply industry provide safe and reliable water and wastewater service to millions of consumers across the United States. The U.S. water and wastewater industry operates through 2.2 million miles of aging pipelines.

The water and wastewater industry is highly fragmented, with more than 50,000 community water systems and nearly 14,000 wastewater treatment systems providing services to the customers. Companies are making regular investments to upgrade and maintain their aging infrastructure, enabling them to maintain service reliability. The regulated structure enables these companies to recover costs through authorized rate hikes and rewards shareholders through dividends.

Given the importance of water and wastewater service provider companies, let us discuss American States Water Company (AWR - Free Report) and California Water Service Group (CWT - Free Report) . These two regulated utilities are benefiting from rising demand, rate hike and significant infrastructure investments, making them comparable players within the industry.

American States Water stands out with its regulated structure that efficiently serves water and electricity customers through its three subsidiaries. The company is benefiting from an expanding customer base, new rates and a diversified business model that supports revenue and earnings growth. Its strategic investment plans support the upgrade, maintenance and replacement of its aging infrastructure, enhancing service reliability and strengthening long-term growth.

California Water ranks among the largest investor-owned water utilities in the United States and operates through seven subsidiaries. It operates through both regulated and non-regulated structures and efficiently serves about 2 million customers in 100 communities. The company is gaining from rising demand from its expanding customer base, driven by both acquisitions and organic growth. Its disciplined investment strategy supports infrastructure development, improves operational efficiency, enhances service reliability and boosts long-term financial performance.

American States Water and California Water are among the leading utilities. Examining their fundamentals side by side can reveal which stock presents the most attractive investment opportunity.

AWR & CWT’s Earnings Growth ProjectionsThe Zacks Consensus Estimate for CWT’s earnings per share is pegged at $2.56 in 2026 and $2.73 in 2027, suggesting year-over-year growth of 19.07% and 6.77%, respectively.  CWT’s long-term (three to five years) earnings growth is currently pinned at 10.62%.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for AWR’s earnings per share is pegged at $3.59 in 2026 and $3.75 in 2027, suggesting year-over-year growth of 6.53% and 4.46%, respectively.  AWR’s long-term earnings growth is currently pinned at 5.65%.

Image Source: Zacks Investment Research

Debt to CapitalThe Zacks Utilities sector is a capital-intensive sector, and continuous investment is required for infrastructure modernization, maintenance and replacement. It helps to improve operational efficiency, enhance service reliability and support growing demand. These utilities combine internally generated cash flows with borrowed funds from capital markets to finance long-term investments, ensuring steady growth.

American States Water's debt-to-capital currently stands at 47.13% compared with California Water’s 48.67%. Both companies are using debt to fund their business. Both AWR and CWT’s debt levels are lower than the industry’s 53.34%, with CWT slightly higher than AWR, indicating greater reliance on borrowed funds.

Image Source: Zacks Investment Research

Return on EquityReturn on Equity (“ROE”) reflects how efficiently a company utilizes shareholders’ funds to generate profit. It plays a vital role in evaluating management efficiency and overall financial performance, highlighting how efficiently resources are used to generate sustainable growth.

American States Water's current ROE is 13.1%, outperforming California Water, which reports a lower ROE of 7.67%. AWR utilizes shareholder capital more efficiently and generates higher returns, though the company’s returns remain slightly below the industry average of 13.72%.

Image Source: Zacks Investment Research

AWR & CWT’s Dividend YieldDividends are regular payments distributed by a utility company to reward its shareholders, reflecting the company’s earnings stability and strong cash flow. They offer investors commitment to delivering consistent returns on invested capital.

Currently, the dividend yield for California Water is 2.90%, while that for American States Water is 2.59%. The dividend yields of both companies are higher than the S&P 500’s yield of 1.39%.

Capital Investment PlansU.S. water utilities' operation is capital-intensive, as huge funds are required for upgrading aging water and wastewater infrastructure to ensure safe and reliable service for customers. According to the Environmental Protection Agency, an investment of $1.25 trillion will be required over the next 20 years to maintain and expand water services.

California Water aims to invest $760 million and $690 million in 2026 and 2027, respectively, to strengthen infrastructure, improve operational efficiency and maintain service reliability. American States Water plans a strategic capital investment of $185-$225 million in 2026 to support infrastructure development, enhance service reliability and boost long term financial performance.

Price PerformanceAmerican States Water has gained 5.8% over the past month compared with California Water's 4% rally.

Image Source: Zacks Investment Research

Summing UpAmerican States Water and California Water both gain from rising demand driven by an expanding customer base and new rates and are making substantial infrastructure investments to serve millions of customers across the United States.

American States Water’s stable earnings per share growth, stronger ROE, lower debt-to-capital ratio and better price performance make it a more attractive choice in the utility sector.

Based on the above discussion, American States Water currently has an edge over California Water, though both presently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

April 29, 2026 16:05 ET  | Source: California Water Service Group

SAN JOSE, Calif., April 29, 2026 (GLOBE NEWSWIRE) -- At its meeting on April 29, 2026, the California Water Service Group (NYSE: CWT) Board of Directors declared the Company’s 325th consecutive quarterly dividend in the amount of $0.3350 per common share, payable on May 22, 2026, to stockholders of record as of the close of business on May 11, 2026.

About California Water Service Group

California Water Service Group is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service. This year, the company commemorates a century of service.

Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s nearly 1,300 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work®.  More information is available at www.calwatergroup.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management’s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions, are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing the expected timing of the quarterly dividend payment. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to, those described under the section entitled “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q, and our other Securities and Exchange Commission filings. In light of these risks, uncertainties, and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.

CONTACT:
Shannon Dean,
[email protected],
(408) 367-8243

Jim Lynch,
(408) 367-8200

April 30, 2026 19:15 ET  | Source: California Water Service Group

SAN JOSE, Calif., April 30, 2026 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (Group) (NYSE: CWT), received a final decision on its 2024 General Rate Case and Infrastructure Improvement Plan from the California Public Utilities Commission (CPUC) on April 30, 2026. The Company believes the decision enables Cal Water to invest responsibly in water system infrastructure through 2027 to support its communities and sets Cal Water’s revenue and rates to help sustain safe, clean, reliable water service through 2028.

The CPUC adopted the proposed decision (PD) issued March 13, 2026 with revisions issued on April 29, 2026 (revised PD). The final decision increases Cal Water’s company-wide revenues by $90.5 million in 2026 (a rate increase of 10.9%), $43.2 million in 2027 (a rate increase of 4.7%), and $48.9 million in 2028 (a rate increase of 5.1%). The differences between approved revenue and rate increases in the PD and the revised PD are primarily attributable to a reduction in authorized capital, some of which is now subject to the CPUC’s advice letter process discussed below Cal Water is currently analyzing how the final decision will impact rates in each of its service areas.

The decision also authorizes Cal Water to invest $1.45 billion in its districts from 2024 through 2027 to upgrade infrastructure, such as water quality projects to protect customers from existing and newly regulated contaminants; pipes and other infrastructure to keep pumping and delivering water reliably; equipment to keep water flowing during power outages and shutoffs; cyber and physical security improvements to protect employees, customers, and facilities; and water supply initiatives to secure long-term sustainability of water sources. It authorizes up to $229 million in additional projects that will be submitted for recovery through the CPUC’s advice letter process.

Although the decision does not allow full decoupling, it does renew the Monterey-style Water Revenue Adjustment Mechanism and water production incremental cost balancing accounts. It also establishes a new sales reconciliation mechanism that allows Cal Water to adjust sales forecasts annually, and it approves a rate design to better enable the company to recover fixed costs regardless of water sales. The mechanisms, balancing accounts, and new rate design provide financial stability while supporting customer affordability, particularly for low-income, low-water-using customers.

“We recognize the criticality of keeping water service affordable while making the infrastructure investments needed to provide safe, clean, reliable water to our communities,” said Martin A. Kropelnicki, Group Chairman and CEO. “We appreciate the CPUC for issuing the final decision in our triennial General Rate Case and Infrastructure Improvement Plan and enabling us to continue providing quality, service, and value to our customers and communities for their everyday and emergency needs.”

This marks the end of a required, extensive, nearly two-year review of the company’s water system improvement plans, costs, and rates. Cal Water expects to implement the new rates effective July 1, 2026.

About California Water Service Group

Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service (TWSC, Inc.), a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas. Group’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com.

This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management’s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Group’s beliefs, expectations, and plans related to the CPUC’s final decision on the 2024 GRC and related impacts on Group’s business. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include but are not limited to the risks described under the section entitled “Risk Factors” and elsewhere in our most recent Annual Report on Form 10-K and our other SEC filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

MEDIA CONTACT: Yvonne Kingman, (310) 257-1434

Key Takeaways CWT posted Q1 2026 EPS of 7 cents, down from 22 cents, and missed the estimate of 25 cents by 72%.CWT expenses rose 8.1% to $196.4M as wholesale water, depreciation and net interest climbed.CWT agreed to buy Nexus' water and wastewater system in NV and OR for $218 million. California Water Service Group (CWT - Free Report) posted first-quarter 2026 earnings of 7 cents per share, down 68.2% from 22 cents a year ago. The figure missed the Zacks Consensus Estimate of 25 cents by 72.0%.

The earnings shortfall reflected cost pressure across the income statement. Total operating expenses rose 8.1% year over year to $196.4 million, outpacing the growth in operating revenues.

CWT’s RevenuesQuarterly revenues were $215 million, up 5.2% from the year-ago period. The top line came in below the consensus mark of $218 million by 1.38%.

Operating revenues increased $10.6 million year over year, supported by rate-related items and higher accrued and unbilled revenues. At the same time, customer usage declined, pressuring billed consumption for the quarter.

 CWT’s management attributed the usage decline to climate variability between the periods, while noting that rate changes and higher accrued and unbilled revenues contributed meaningfully to quarterly revenues. This mix underscores the company’s continued reliance on regulatory constructs and billing dynamics to smooth results through seasonal demand swings.

 
CWT’s Operational HighlightsWater production costs increased $8.3 million year-over-year to $71.3 million, driven primarily by higher wholesale water rates. Depreciation and amortization also climbed to $40 million as additional capital assets were placed into service.

 During the quarter, CWT announced an agreement to acquire Nexus Water Group’s water and wastewater systems in Nevada and Oregon for approximately $218 million. The transaction is expected to add about 36,000 customer equivalent residential units and roughly $109 million of rate base, expanding the company’s footprint beyond California.

 CWT continues to invest heavily in its regulated systems, a strategy that supports long-term rate base growth but also raises near-term non-cash costs. The quarter’s step-up in depreciation expense reflected ongoing infrastructure work and new assets entering service.

 The company’s expense profile also showed higher financing-related pressure. Net interest expense increased to $18.6 million from $15.7 million in the prior-year quarter, which further weighed on profitability as capital spending and funding needs expanded.

California Water Rate Case Milestone and Catch-UpA key near-term swing factor remains California Water Service’s 2024 California General Rate Case. The company received a revised proposed decision on April 29, 2026, and received final decision yesterday.

 Importantly, the decision authorizes incremental revenues of $90.5 million in 2026, plus additional increases of $43.2 million in 2027 and $48.9 million in 2028. The filing also supports revenue stabilization through continued Monterey-Style mechanisms and additional balancing accounts, along with a new sales reconciliation mechanism aimed at improving fixed-cost recovery.

CWT’s Financial HighlightsCWT ended the quarter with $58.1 million in unrestricted cash and $45.6 million in restricted cash. The company also highlighted access to revolving credit facilities totaling $600 million, expandable to $800 million, with maturities extending to March 2028.

 Long-term debt as of March 31, 2026, was $1.472 billion compared with $1.471 billion as of Dec. 31, 2025.

Strategic activity remains in focus. Shareholder returns stayed intact despite the earnings miss. The board declared a quarterly dividend of 33.50 cents per share, marking the 325th consecutive quarterly dividend, and communicated an expected annualized dividend of $1.34 per share following its 59th annual dividend increase.

 Cash flow from operational activities in first-quarter 2026 was $49.4 million compared with $38.4 million in the year-ago quarter.

CWT’s Zacks RankCalifornia Water currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming ReleasesAmerican States Water (AWR - Free Report) is slated to report first-quarter 2026 results on May 6, 2026, after market close. The Zacks Consensus Estimate for AWR’s first-quarter EPS is pegged at 77 cents, implying an increase of 10% from the prior-year figure. Long-term (three to five years) earnings growth is pegged at 6.93%.

Essential Utilities Inc. (WTRG - Free Report) is scheduled to report first-quarter 2026 results on May 7, 2026, before market opens. The Zacks Consensus Estimate for WTRG’s first-quarter EPS is pegged at $1.01, implying a decrease of 1.94% from the prior-year figure. The company has a dividend yield of 3.47%, better than its industry’s 2.59%.

Consolidated Water Co. Ltd (CWCO - Free Report) is set to report first-quarter 2026 results on May 12. The Zacks Consensus Estimate for CWCO’s first-quarter EPS is pegged at 27 cents, implying a decrease of 12.90% from the prior-year figure. The company has a dividend yield of 1.73%.

California Water Service Group is rated a Buy for patient investors seeking reliable, inflation-beating income and double-digit total return potential. CWT's recent rate case approval and acquisitions in Nevada, Oregon, and Texas support an 8–10% revenue CAGR and diversify regulatory risk. The dividend yield is nearly 3.2% with a 59-year growth streak, and expected annual increases above inflation reinforce CWT's Dividend King status.