Mohawk Q3 EPS $2.72, Q4 Guided to $1.35-$1.45, New $500M Buyback Authorized
MHK sits 35% above its 52-week low of $92.99 on elevated volume (2.4× avg).
Summary
Mohawk reported Q3 2026 sales of $2.79B and adjusted EPS of $2.72, guided Q4 adjusted EPS to $1.35-$1.45, and authorized a new $500M share repurchase program after exhausting its prior authorization.
Key Events · Earnings and Guidance · MHK
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Q3 Results: Sales Up 1%, EPS $2.72
Net sales were $2,786.0M versus $2,757.9M a year ago; net earnings were $163.1M and diluted EPS $2.72, up about 55% GAAP and about 2% adjusted. Price and mix contributed roughly 4% while volumes fell about 4%.
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New $500M Buyback Authorized
The board approved a new $500M repurchase program effective immediately, replacing the prior $500M authorization from July 2025 under which about 7% of shares were retired at an average price of roughly $119.
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Q4 Guidance: Adjusted EPS $1.35-$1.45
Management expects low single-digit adjusted sales growth but softer flooring demand and a cost inflation headwind similar to Q3, with four fewer shipping days versus the prior year.
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Cash Generation and Leverage
Q3 free cash flow was $390.4M and year-to-date free cash flow $626.3M, up 78%; net debt to adjusted EBITDA was 0.7x against a long-term target of up to 2.0x.
Analysis · MHK · Manufacturing
Mohawk delivered a solid quarter in a weak demand environment: sales of $2.79B were up about 1% as price and mix (+4%) offset a roughly 4% volume decline, and adjusted EPS of $2.72 rose about 2% year over year. The bigger news for the stock is capital return — the board authorized a fresh $500M repurchase program after the prior $500M authorization was fully used, with roughly 7% of shares bought back at an average near $119. Against a $7.9B market cap that is a meaningful buyback, and it comes with a formal capital allocation framework (baseline capex ~$375M a year, net leverage target up to 2.0x) that tells investors excess cash now goes to shareholders rather than capacity. The offset is guidance: Q4 adjusted EPS of $1.35-$1.45 implies a step down from Q3, with management flagging softer flooring demand and persistent cost inflation.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $126.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.9B. The 52-week trading range was $92.99 to $140.30. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.