Mohawk Industries board authorizes $500 million share buyback
MHK•Mohawk Industries authorized a new $500 million stock repurchase program, effective immediately after its prior $500 million program is completed. The company expects annual baseline capital expenditures of about $375 million and set a long-term net debt target of up to 2.0 times adjusted EBITDA.
1. Capital allocation framework
Mohawk Industries’ board approved a strategic and capital allocation framework to guide long-term investment priorities and shareholder returns. The new $500 million common stock repurchase authorization takes effect immediately, following completion of the previous $500 million program.
2. Investment and debt targets
The company expects baseline capital expenditures of approximately $375 million annually for at least the next several years, prioritizing high-return organic investments. Its framework targets long-term net debt of up to 2.0 times adjusted EBITDA, subject to cyclical risk assessments and investment-grade credit commitments.
