Flooring maker Mohawk's Q2 revenue beats estimates
MHK•Q3 outlook
Mohawk expects third-quarter adjusted EPS of $2.50-$2.60, including about $0.12 from tariff refunds.
The company said Q3 baseline EPS, excluding tariff refunds and one-time charges, is expected at $2.38-$2.48.
Mohawk anticipates flooring market conditions to remain challenging in Q3.
Drivers of the results
- Volume and mix - The company said results benefited from volume growth, pricing actions and improved product mix.
- Tariff refunds - Adjusted EPS included a benefit from tariff refunds not included in prior guidance.
- Productivity gains - Productivity improvements and prior restructuring projects contributed to margins.
Key figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $3 bln | $2.79 bln (16 Analysts) |
| Q2 Adjusted EPS | Beat | $3.67 | $2.58 (16 Analysts) |
| Q2 EPS | $3.22 |
The current average analyst rating on the shares is and the breakdown of recommendations is , and no or .
