Mohawk's Q1 revenue comes below expectations

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

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

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