Mohawk Industries Posts Q1 Net Earnings of $117M, Sales Up 8%, Guides Q2 EPS $2.50-$2.60
Mohawk Industries posted Q1 2026 net earnings of $117 million and EPS of $1.90 on sales of $2.7 billion, up 8% reported but down 2.6% constant-currency. The company faces energy inflation and weak residential construction headwinds yet targets Q2 adjusted EPS of $2.50-$2.60 through pricing and cost-control measures.
1. Q1 Financial Results
Mohawk Industries posted net earnings of $117 million and EPS of $1.90 in Q1 2026 on net sales of $2.7 billion, marking an 8% increase on a reported basis and a 2.6% decline on a constant-currency basis.
2. Operating Headwinds and Strengths
The company faced margin pressure from energy-driven inflation linked to the Middle East conflict and weak residential construction activity, while commercial flooring demand remained resilient.
3. Q2 Guidance and Strategic Actions
Management forecasts Q2 adjusted EPS of $2.50 to $2.60 and plans price increases and cost-control measures to offset input-cost pressures and support margin improvement.