Mohawk Industries announces new $500 million share buyback program
MHK•Mohawk Industries announced a new $500 million share buyback program, effective immediately, after completing its previous $500 million authorization. The prior program repurchased about 7% of outstanding shares at an average price near $119 per share.
1. New buyback authorization
Mohawk Industries said the new $500 million common stock buyback program is effective immediately and has no expiration date or minimum repurchase requirement. The company may suspend or discontinue it at any time.
2. Previous program completed
The new authorization follows completion of a program approved in July 2025. Repurchases under that program totaled approximately 7% of outstanding shares at an average price near $119 per share, including $261 million in the third quarter of 2026 and $34 million since the fourth quarter began.
