Mohawk Industries Crushes Q2 Estimates, Guides Q3 Above Consensus; $60M Buyback and New Restructuring Announced
MHK sits 32% above its 52-week low of $92.99 on elevated volume (3.0× avg).
Summary
Mohawk Industries delivered Q2 2026 earnings that significantly exceeded expectations, with revenue of $3.0B and adjusted EPS of $3.67. The company guided Q3 above consensus, announced a $60M buyback, and initiated a new $60M cost-savings program.
Key Events · Earnings and Guidance · MHK
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Q2 Earnings Beat
Revenue of $3.0B (+6.8% YoY) beat the $2.79B consensus; adjusted EPS of $3.67 included a $0.63 tariff refund benefit.
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Q3 Guidance Above Consensus
Adjusted EPS guidance of $2.50–$2.60, with a baseline of $2.38–$2.48 excluding tariff refunds, both above Street expectations.
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$60M Share Buyback
Repurchased over 600,000 shares for approximately $60 million during Q2, returning capital to shareholders.
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New Restructuring Program
Initiated projects to reduce costs by ~$60 million by end of 2027, with ~$50 million in cash restructuring costs and capex.
Analysis · MHK · Manufacturing
A standout quarter saw revenue of $3.0B trounce the $2.79B consensus, while adjusted EPS of $3.67 landed far above expectations. Volume growth, pricing, and a $0.63 tariff refund benefit powered the beat. Looking ahead, management guided Q3 adjusted EPS to $2.50–$2.60, comfortably above the $2.38–$2.48 baseline that excludes tariff refunds—a signal of confidence despite a challenging housing market. The quarter also featured a $60M stock buyback and the launch of a new restructuring plan designed to cut $60M in costs by 2027. Meanwhile, the CEO transition to Paul De Cock remains on track for September 30. The takeaway is clearly positive: the business is outperforming peers, returning cash to shareholders, and proactively managing costs.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MHK was trading at $122.50 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $92.99 to $143.13. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.