MHK

In Q1 2026, Mohawk reported net earnings of $117 million and adjusted EPS of $1.90, beating estimates, with net sales of $2.7 billion, up 8.0% but slightly missing revenue forecasts, noting strong commercial sector performance. In June 2026, Paul De Cock was appointed CEO, succeeding Jeff Lorberbaum, who transitioned to Chairman. Q2 2026 saw net earnings of $196 million and adjusted EPS of $3.67, along with revenue of $2.99 billion, all surpassing analyst estimates. In September 2026, RBC downgraded Mohawk's stock to Underperform, citing weak flooring demand, housing market weakness, and rising costs, leading to a stock price drop. Insider share sales by CEO Jeffrey Lorberbaum and his family in September 2026 also contributed to a 6% decline in the stock price. Mohawk announced its Q3 2026 earnings release for October 29, 2026, with a conference call scheduled for October 30, 2026.