MHK earnings analysis
What we found in MHK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Mohawk Industries posted a strong Q1 2026 with net sales of $2.73 billion, increasing 8.0% year-over-year, while EPS rose to $1.90, exceeding expectations. The company reported improvements in gross profit and operating income, partly offset by challenges from rising input costs and low sales volume. Management remains optimistic about operational improvements and cost reductions ahead, although external pressures persist.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 8% YoY
- Q1 2026 revenue was $2.73 billion, up $202.9 million, or 8.0%, from $2.53 billion in Q1 2025.
- EPS Beats Consensus
- Reported diluted EPS was $1.90, surpassing estimates of $1.81 by 0.0497 or 5%.
- Improved Gross Profit
- Q1 2026 gross profit reached $641.9 million, a 10.0% increase from $583.3 million a year earlier.
- Strong Operating Income Growth
- Operating income was $111.8 million, up 16.5% from $96.0 million in Q1 2025.
- Increase in Segment Revenue
- Global Ceramic revenue increased by 10.4% to $1.097 billion, and Flooring ROW by 12.2% to $751.3 million.
- Significant Cash Position
- As of April 4, 2026, cash totaled $872.3 million, enabling the company to support investments and manage debt.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Input Cost Inflation
- Higher input costs increased approximately $28 million, negatively impacting margins.
- Soft Housing Market
- Ongoing low housing turnover and sluggish new home construction continue to affect demand.
- Geopolitical Sensitivities
- Continued geopolitical conflicts have resulted in higher energy prices and supply chain disruptions.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.9
- Gross margin
- 23.5%
- Operating margin
- 4.1%
- Segment
- Global Ceramic
- Segment
- Flooring NA
- Segment
- Flooring ROW
What they said about what is next.
Q2 2026 adjusted EPS expected to be between $2.50 and $2.60, impacted by one less shipping day.
The filing reads better than the one before it.
What came before.
- 10-K · February 24, 2026
- Mohawk reported annual net sales of $10.8 billion in 2025 with a geographic mix of 54% U.S. and 46% international and a three-segment mix of Global Ceramic (40%), Flooring North America (34%) and Flooring Rest of the…
- 10-Q · July 25, 2025
- Mohawk reported quarterly net sales of $2,802.1 million and diluted EPS of $2.34 for the three months ended June 28, 2025. Revenue was essentially flat versus the comparable prior-year quarter while gross profit,…
- 10-K · February 20, 2025
- Mohawk’s 10-K describes a strategy centered on vertical integration, product innovation (LVT, proprietary technologies) and operational excellence, with 2024 net sales of $10.8 billion and a three-segment structure…
- 10-Q · July 26, 2024
- Mohawk reported Q2 net sales of $2,801.3 million and GAAP diluted EPS of $2.46, with operating income of $214.0 million. Revenue declined versus the year-ago quarter by $149.2 million (-5.1%) but improved versus the…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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