Mohawk Industries Reports Q1 2026 Net Earnings of $117 Million
Mohawk Industries reported $117 million in net earnings and $2.7 billion in net sales for the first quarter of 2026, an 8.0% increase compared to the prior year.
CALHOUN, Ga. – Mohawk Industries, Inc. announced first quarter 2026 results, posting net earnings of $117 million, or $1.90 per share. Net sales for the quarter reached $2.7 billion, an 8.0% increase as reported over the same period in 2025. Adjusted for days and currency, sales were down 2.6%. In the first quarter of 2025, the company reported net sales of $2.5 billion and net earnings of $73 million.
Despite a challenging environment, performance was in line with expectations, according to Chairman and CEO Jeff Lorberbaum. The results benefited from productivity, restructuring, and product mix improvements, though these were offset by inflation and lower volumes. The commercial sector outperformed residential, as new home construction remained soft and consumers delayed purchases due to economic uncertainty.
The company is implementing productivity actions and restructuring projects to enhance performance. The intensified conflict in the Middle East has increased volatility in global energy markets, impacting consumer sentiment and discretionary spending. Rising energy prices and raw material costs are affecting product costs, leading Mohawk to implement price increases across many categories and geographies.
Segment results showed Global Ceramic net sales up 10.4% reported but down 0.2% adjusted. Flooring Rest of the World saw reported sales increase 12.2% while adjusted sales decreased 4.4%. Flooring North America reported a 2.0% sales increase, with adjusted sales down 4.1%, influenced by competitive pricing and higher input costs.