Mohawk Reports Q2 Sales Up 6.8%, Earnings Up 51.7%

Calhoun, GA, July 31, 2026—Mohawk Industries net sales for Q2 2026 were $3.0 billion, up 6.8% from Q2 2025’s $2.8 billion.

Q2 2026 adjusted net earnings were $223 million, a 51.7% increase compared to net earnings of $147 million in the prior year period.

For the six months ended July 4, 2026, adjusted net earnings were $341 million, a 55.7% increase compared to net earnings of $219 million in the first half of 2025.

Net sales for the first six months of 2026 were $5.7 billion, an increase of 7.4% compared to $5.3 billion in the prior year period. 

For Q2 2026 quarter, net sales for the global ceramic segment were $1.2 billion, a 7.9% increase compared to $1.1 billion in the prior year period. For the first six months of 2026, global ceramic sales were $2.3 billion, a 9.1% increase compared to the prior year’s $2.1 billion.

Flooring North America’s Q2 2026 sales were $976.1 million, an increase of 3.1% compared to the prior year’s $946.8 million. For the first six months of 2026, Flooring North America sales were $1.9 billion, a 2.6% increase compared to the prior year’s $1.8 billion.

Flooring Rest of World’s Q2 2026 sales were $805.6 million, a 9.7% increase compared to sales of $734.4 million in the prior year. For the first half of 2026, sales were $1.6 billion, a 10.9% increase compared to $1.4 billion in the prior year.

Commenting on the company’s second quarter performance, chairman and CEO Jeff Lorberbaum stated, “Our results in the quarter significantly exceeded our expectations as we outperformed our markets. Our performance benefited from volume growth, pricing and product mix. Across our regions, our teams effectively executed our strategies and capitalized on opportunities with new and existing customers. We successfully introduced new collections, expanded product placements and improved our mix. In the period, volume benefited from initial stocking of new product placements and limited increases in inventory by some customers ahead of announced price increases. Our second-quarter reported EPS of $3.22 and adjusted EPS of $3.67 included a benefit of approximately $0.63 from tariff refunds, which were not included in our second quarter guidance. These refunds represent the reversal of costs that we have absorbed from higher tariffs. As part of our buyback program, we purchased over 600,000 shares during the quarter for approximately $60 million.

“Our second quarter forecast had reflected uncertainty related to the Middle East conflict, but market conditions proved more resilient than we anticipated. Residential channels remained soft during the quarter, and we believe we outpaced the market and gained share in most regions. The commercial sector continued to outperform residential, and our differentiated offering enhanced our mix and margins. The new home construction market remains pressured, and existing home sales continue to be affected by affordability challenges. In this softer environment, we are proactively managing the controllable aspects of our business, including enhancing our sales strategies, pricing and operational improvements and managing our inventory levels and costs. Across many of our products and geographies, we executed pricing increases in response to higher labor, overhead, material, energy and transportation costs. In the second half of the year, these higher input costs will flow through inventory and impact our margins, and additional price increases may be required this year. We are bringing innovative products to market with differentiated features to strengthen our sales and mix. Across the business, our teams are delivering significant productivity gains, and our results are benefiting from our prior restructuring projects. In addition, we have initiated new projects focused on operational simplification, organizational realignment, warehouse consolidation and capacity optimization, all of which will reduce our costs approximately $60 million, with most completed by the end of 2027. These savings will require cash restructuring costs and capital expenditures of approximately $50 million.”

“Reviewing second quarter results by segment, net sales in the Global Ceramic Segment increased by 7.9% as reported, or increased by 4.6% adjusted for constant days and exchange rates versus the prior year. The Segment’s operating margin was 7.8% as reported, or 8.2% on an adjusted basis due to productivity gains and improved price and mix offset by higher input costs versus the prior year.

“Net sales in the Flooring North America Segment increased by 3.1% as reported and increased by 4.7% on an adjusted basis versus the prior year. The Segment’s operating margin was 10.0% as reported, or was 11.4% on an adjusted basis due to tariff benefit and productivity gains partially offset by higher input costs.

“Net sales in the Flooring Rest of the World Segment increased by 9.7% as reported, or increased by 6.2% adjusted for constant days and exchange rates versus the prior year. The Segment’s operating margin was 9.8% as reported, or 12.0% on an adjusted basis due to pricing benefits compared to the prior year.

“On June 11, 2026, the Company announced a leadership transition with Paul De Cock, the Company’s President and Chief Operating Officer, appointed Chief Executive Officer to succeed Mr. Lorberbaum, effective September 30, 2026. Mr. Lorberbaum will retire as CEO at that time and remain Chairman of the Company’s Board of Directors.”