Mohawk Industries Reports Q3 2026 Results with Increased Free Cash Flow and New Share Repurchase Authorization
Mohawk Industries (MHK) reported third-quarter net sales of $2.8 billion, a 1% increase as reported, though adjusted sales remained flat due to a 4% volume decline being offset by price and mix improvements. Adjusted earnings per share rose 2% year-over-year to $2.72. The company demonstrated strong cash generation, with free cash flow reaching $390 million for the quarter, contributing to a 78% increase in year-to-date totals compared to 2025. Despite facing headwinds such as rising European natural gas prices and a challenging builder channel, Mohawk maintained healthy margins through productivity initiatives. The company announced a new $500 million share repurchase authorization following the completion of its previous program. Looking ahead to Q4, management expects low single-digit adjusted sales growth but warned that market conditions remain soft and will be impacted by fewer shipping days compared to the prior year.
Tickers: $MHK
Topics: adjusted eps free cash flow guidance net sales share repurchases