Noticias y eventos de Mohawk Industries Inc (MHK)MHKMohawk Industries Inc

Company Reports Q2 Revenue of $2.99B, Exceeding Expectations

Reports Q2 revenue $2.99B, consensus $2.79B. CEO Jeff Lorberbaum stated, ""Our results in the quarter significantly exceeded our expectations as we outperformed our markets. Our performance benefited from volume growth, pricing and product mix. Across our regions, our teams effectively executed our strategies and capitalized on opportunities with new and existing customers. We successfully introduced new collections, expanded product placements and improved our mix. In the period, volume benefited from initial stocking of new product placements and limited increases in inventory by some customers ahead of announced price increases... Our second quarter forecast had reflected uncertainty related to the Middle East conflict, but market conditions proved more resilient than we anticipated. Residential channels remained soft during the quarter, and we believe we outpaced the market and gained share in most regions. The commercial sector continued to outperform residential, and our differentiated offering enhanced our mix and margins. The new home construction market remains pressured, and existing home sales continue to be affected by affordability challenges."

Company Expects Q3 Adjusted EPS Between $2.50 and $2.60

The company stated, "Looking ahead to the third quarter, we anticipate flooring market conditions will remain challenging. Across the world, the home resale market remains near multi-decade lows, and new home construction remains soft. We delivered strong second-quarter results even though the market has not yet improved. We expect commercial to keep outperforming residential in the third quarter, while our higher-end offerings continue to enhance our mix. We expect our sales to seasonally drop from the second quarter, excluding the impact of currency exchange and shipping days. Given our stronger performance in the second quarter, this seasonal pattern could be more pronounced than in past years. We will have one additional shipping day in the third quarter compared with both the prior year and the second quarter of 2026. In the third quarter, we will see higher input costs and further benefits from our price increases, and we will continue our productivity efforts. We expect higher costs to persist into the fourth quarter, and we may need to take additional pricing actions. Given these factors, we expect our third quarter adjusted earnings per share, excluding any restructuring or other one-time charges, to be between $2.50 and $2.60, including approximately $0.12 from additional tariff refunds we have already received. Excluding tariff refunds and any restructuring or other one-time charges, our outlook contemplates a baseline EPS range of between $2.38 and $2.48."

Mohawk Industries Appoints Paul De Cock as CEO

Mohawk Industries announced that Paul De Cock, president and COO, has been appointed CEO and a director of the Mohawk board of directors, effective September 30. De Cock will succeed Jeffrey Lorberbaum, who will retire from his role as CEO of the company at that time, and continue to serve as chairman of the board. Since joining the company through the acquisition of Unilin in 2005, De Cock has held increasingly senior leadership roles across geographies and product categories, including laminate, wood, LVT and carpet. Lorberbaum has served as chairman of the board since May 2004 and as the company's CEO since January 2001.