Mohawk’s Q3 Net Sales Virtually Flat, Earnings Up 49.9%

Calhoun, GA, October 29, 2026—Mohawk Industries net sales for Q3 2026 were $2.79 billion, up approximately 1% from the prior-year period from Q3 2026’s $2.76 billion. 

Net earnings for Q3 were $163.1 million, up 49.9% YOY from $108.8 million in Q3 2025.

For the nine months of 2026, net sales were $8.5 billion, an increase of 5.2% compared to $8.1 billion in the first nine months of 2025.

Net earnings for the first nine months were $476.4 million, a 45.3% increase from $327.9 million.

Global Ceramic’s Q3 2026 net sales were $1.1 billion, up approximately 2% compared to the prior-year period’s $1.1 billion. For the first nine months of 2026, Global Ceramic sales were $3.4 billion, a 6.7% increase compared to the prior year’s $3.2 billion.

Flooring North America’s Q3 2026 net sales were $950 million, up approximately 1% compared to the prior-year period’s $936.8 million. For the first nine months of 2026, Flooring North America sales were $2.8 billion, a 2.2% increase compared to the prior year’s $2.7 billion.

Flooring Rest of the World’s Q3 2026 net sales were $707.5 million, down approximately 1% compared to the prior-year period’s $716.4 million. For the first nine months of 2026, Flooring Rest of the World sales were $2.3 billion, a 6.8% increase compared to the prior year’s $2.1 billion.

Says Truist, “MHK came in well above Street and guidance but views for 4Q26 are below, most likely on diesel, energy, and most importantly raw material inflation. The release indicates this negative price/mix will continue into 1Q27. Revenues in the quarter were mostly flat with a weak flooring market in our view. Finally, management engaged in substantial share repurchases and in just a few months has bought back 4% of shares outstanding. With leverage still very low, we suspect substantially more repurchases will be coming at current valuations.

“Share Repurchase Begins in Earnest. One of the biggest changes expected with the rotation to a new CEO is a ramp up of share repurchases. The quarter did not disappoint with the company purchasing 2 million shares (3% of shares outstanding) for $261 million and an additional $34 million QTD resulting in a 4% reduction in share count. These repurchases over just a few months represent a higher level seen in any yearly period except 2021. A new repurchase program of $500 million was approved, and we suspect it will not be the last.

“Flooring North America (34% of Sales) Sees Flattish Sales and Margin Improvement. Net sales increased 1% y/y or were flat adjusted for shipping days. We view these results as above an overall weak flooring market in the period, although volume was down 3%. Adjusted EBIT margin increased 90 bps to 8.1% as tariff benefits and productivity gains were partially offset by higher input costs.”