Mohawk's Q1 revenue comes below expectations

Mohawk Industries

30/04/2026 21:35

Overview

Flooring maker's Q1 revenue rose 8% but missed analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company repurchased 607,000 shares for $64 mln during the quarter

Outlook

Mohawk expects Q2 2026 adjusted EPS between $2.50 and $2.60, excluding one-time charges

Company says higher input costs will impact results more in the second half of the yr

Mohawk says commercial demand remains solid, but residential demand may be affected by lower confidence

Result Drivers

PRODUCTIVITY AND RESTRUCTURING - Co said productivity improvements and restructuring actions helped results, offsetting inflation and lower volumes

COMMERCIAL VS RESIDENTIAL - Commercial sector outperformed residential, as new home construction and remodeling demand remained soft due to economic uncertainty

HIGHER INPUT COSTS - Rising energy and raw material costs, partly due to Middle East conflict, increased inflation and pressured margins

Company press release: ID:nGNE8KRHLd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$2.70 bln
$2.74 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$1.90
$1.81 (17 Analysts)
Q1 EPS
$1.90


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home furnishings peer group is "buy."

Wall Street's median 12-month price target for Mohawk Industries Inc is $132.50, about 28.8% above its April 29 closing price of $102.89

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)