Mohawk Industries Crushes Q2 Estimates — Revenue Hits $2.99B, EPS $3.22, Tariff Refunds Boost Margins
MHK sits 34% above its 52-week low of $92.99.
Summary
Mohawk Industries reported Q2 2026 earnings that significantly exceeded expectations, with revenue of $2.99B and diluted EPS of $3.22, driven by volume growth, pricing gains, and tariff refunds. The company also announced new cost-cutting measures and continued share repurchases.
Key Events · Earnings and Guidance · MHK
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Q2 Revenue and EPS Beat
Net sales of $2.99B rose 6.8% YoY, exceeding the $2.79B consensus. Diluted EPS of $3.22 was well above expectations, driven by volume growth, favorable price/mix, and productivity gains.
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Tariff Refunds Boost Margins
The company received $65.5M in IEEPA tariff refunds, of which $49.3M reduced cost of sales in Q2, directly boosting gross margin.
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Operating Income Surge
Operating income jumped 34.4% YoY to $253.7M, with all three segments posting gains. Flooring NA operating income nearly doubled to $97.8M.
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New Restructuring Actions
Mohawk announced additional restructuring projects expected to deliver $60M in annualized savings, on top of $360M in cumulative benefits from prior actions.
Analysis · MHK · Manufacturing
A standout quarter saw revenue reach $2.99 billion and adjusted EPS hit $3.22, both well above consensus. The beat was fueled by strong volume, favorable price/mix, and a $49.3 million benefit from IEEPA tariff refunds. Operating income surged 34% year-over-year. Additionally, new restructuring actions targeting $60 million in annual savings were announced, and aggressive share buybacks continued, with $124.6 million repurchased during the first half. These results reinforce the turnaround narrative and demonstrate significant operating leverage in a still-soft housing market.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 35.5% of the 1165 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MHK was trading at $124.33 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.6B. 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.