Mohawk Industries jumps as Q1 EPS beats, Q2 outlook lifts, buyback adds support
MHK•Mohawk Industries shares jumped after its April 30, 2026 Q1 earnings release showed EPS of $1.90 on $2.73 billion in sales and sharply higher net income versus last year. The company also guided Q2 adjusted EPS to $2.50–$2.60 and disclosed Q1 repurchases of 607,000 shares for about $64 million.
1. What’s driving the move
Mohawk Industries (MHK) is moving higher as investors react to its latest quarterly update, which featured improved profitability and an upbeat near-term earnings outlook. In its Q1 2026 report released April 30, 2026, Mohawk posted EPS of $1.90 and net earnings of about $117 million on $2.73 billion of net sales, with diluted EPS rising meaningfully versus the prior-year quarter. The company also issued Q2 2026 adjusted EPS guidance of $2.50–$2.60, helping reset expectations for near-term earnings power. (sec.gov)
