Mohawk Industries (Calhoun, Ga.) reported net earnings of $117 million for the first quarter of 2026, up from $73 million last year, and earnings per share of $1.90, up from $1.15 last year ($1.52 adjusted EPS). Net sales for the first quarter of 2026 were up 8.0% year-over-year at $2.7 billion as reported, but down 2.6% adjusted for constant days and exchange rates.
“Across our regions, the commercial sector continued to outperform residential,” Chairman and CEO Jeff Lorberbaum said. “New home construction remained soft, and consumers continued to defer home purchases and remodeling projects due to economic uncertainty.”
The war in Iran and increasing volatility in global energy markets have pushed the company to increase prices “across many product categories and geographies, and further price increases could be required,” according to the company. “The impact of higher cost raw materials will be greater in the second half of the year due to our flow through of inventory. We are continuing to launch our new product collections, with industry-leading designs and features to enhance our sales and margins,” it said.
The company has already increased prices across much of its portfolio due to inflation, while its order backlog has continued to grow, it added.
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