A maker of carpets, ceramic and porcelain tile, laminate, wood, and luxury vinyl, Mohawk is one of the world's largest flooring companies, selling through home centers, retailers, and builders across the globe. It traces its roots to 1878, when four Shuttleworth brothers opened a carpet mill beside the Mohawk River in Amsterdam, New York—the source of its name—before growing through acquisitions like Dal-Tile and Unilin. A fun twist: its EverStrand carpet is spun from recycled plastic bottles, giving billions of single-use bottles a second life underfoot.
Q2 2026 net sales were $3.0 billion, up 6.8% as reported and 5.0% adjusted for constant days and exchange rates versus prior year.
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Adjusted net earnings for Q2 2026 were $223 million, with adjusted EPS of $3.67, compared to adjusted net earnings of $173 million and adjusted EPS of $2.77 in Q2 2025.
Q2 results included a benefit of approximately $0.63 per share from tariff refunds, which were not included in guidance.
Company repurchased over 600,000 shares for approximately $60 million during the quarter.
Third quarter 2026 adjusted EPS guidance is between $2.50 and $2.60, including approximately $0.12 from additional tariff refunds; baseline EPS range of $2.38 to $2.48 excluding tariff refunds and one-time charges.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Mohawk Industries appoints Paul De Cock as CEO, effective September 30, 2026
Jeffrey S. Lorberbaum will retire as CEO on that date but remain Chairman of the Board.
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Paul F. De Cock, currently President and COO, will become CEO and a Board director on September 30, 2026.
De Cock will receive an annual base salary of $1,267,000 and a target cash bonus of 125% of salary.
He will also receive a sign-on equity award of 30,000 restricted stock units vesting over three years.
The announcement was made on June 11, 2026, via a press release furnished as Exhibit 99.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Mohawk Industries shareholders approve 2026 Incentive Plan at annual meeting
The plan reserves up to 3,500,000 shares of common stock, reduced by awards granted under the prior 2017 plan after December 31, 2025.
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Stockholders approved the Mohawk Industries 2026 Incentive Plan on May 21, 2026, effective the same day.
The 2026 Plan will terminate on May 21, 2036, unless extended with shareholder approval.
Directors Karen A. Smith Bogart, Jeffrey S. Lorberbaum, and Bernard P. Thiers were elected to three-year terms.
Shareholders ratified KPMG LLP as independent auditor and approved executive compensation in advisory votes.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
The new facility includes a $125 million letter of credit sublimit, a $150 million swingline loan sublimit, and an accordion feature allowing up to $600 million in additional commitments.
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On May 12, 2026, Mohawk Industries entered into a new credit agreement providing up to $1.5 billion in unsecured revolving credit commitments, replacing its existing credit facility.
Proceeds will be used to refinance the existing credit facility, pay related fees, and fund working capital and general corporate purposes.
The facility matures on May 12, 2031, with options to extend up to two times for periods not exceeding five years each.
The credit agreement includes a financial covenant requiring a Consolidated Interest Coverage Ratio of at least 3.50 to 1.00 as of the last day of any fiscal quarter.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Mohawk Industries names Paul De Cock interim President of Flooring Rest of World segment
De Cock will continue in his current role as Chief Operating Officer of the Company.
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Paul De Cock was named interim President of the Flooring Rest of World segment, effective February 5, 2026, until a permanent successor is found.
Wim Messiaen resigned as President of the Flooring Rest of World segment on February 5, 2026, to pursue other interests.
De Cock, age 52, previously served as President of Flooring North America since November 2018 and as President of Flooring Rest of World from 2008 to 2018.
There will be no material change to De Cock's compensation package in connection with the interim appointment.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Mohawk Industries CFO James F. Brunk to retire April 1, 2026; Nicholas P. Manthey to succeed him
Nicholas P. Manthey, age 44, will succeed Brunk as CFO; he joined Mohawk in 2020 as Flooring North America segment CFO and has been VP of Corporate Finance and Investor Relations since 2024.
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James F. Brunk will retire as CFO effective April 1, 2026, and will remain in a senior advisory role to ensure a smooth transition.
Brunk will receive an annual base salary of $1,200,000 in his advisory role starting April 1, 2026, plus a $1,000,000 stock grant vesting equally over two years.
Brunk joined Mohawk in 2006, became Corporate Controller and Chief Accounting Officer in May 2009, and CFO in April 2021.
Manthey previously held finance and leadership roles at Bridgestone and Intel, including positions in the U.S. and Latin America.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits