Mohawk Q2 Revenue Jumps 6.8% to $3B, Crushing Estimates; Guides Q3 EPS Above Street
MHK sits 32% above its 52-week low of $92.99 on elevated volume (2.7× avg).
Summary
Mohawk delivered a strong Q2 beat with revenue of $3B, up 6.8% YoY and well above the $2.79B consensus, driven by commercial demand. Adjusted EPS of $3.67 trounced the $2.58 estimate, boosted by tariff refunds and improved product mix. The company also repurchased over 600,000 shares for about $60M in the quarter. Q3 adjusted EPS guidance of $2.50-$2.60, including $0.12 from tariff refunds, implies a baseline of $2.38-$2.48 — above the prior consensus near $2.30. Management still sees challenging flooring market conditions, but the magnitude of the beat and the buyback signal confidence. This follows the CEO succession announcement in June and the new $1.5B credit facility in May, painting a picture of a company in transition with improving fundamentals.
At the time of this announcement, MHK was trading at $122.34 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.