MOHAWK INDUSTRIES INC
For the period ended Oct 3, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 3, 2026 · Filed Oct 30, 2026
MHK$151.73-3.1%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements (unaudited)
ITEM 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| (In millions, except per share data) | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 |
| Net sales | $2,786.0 | 2,757.9 | 8,506.1 | 8,085.7 |
| Cost of sales | 2,076.3 | 2,103.0 | 6,359.3 | 6,133.2 |
| Gross profit | 709.7 | 654.9 | 2,146.8 | 1,952.5 |
| Selling, general and administrative expenses | 522.0 | 518.2 | 1,593.5 | 1,531.0 |
| Operating income | 187.7 | 136.7 | 553.3 | 421.5 |
| Interest expense | 1.6 | 5.0 | 8.5 | 16.6 |
| Other (income) and expense, net | 2.8 | (0.4) | 4.7 | 2.2 |
| Earnings before income taxes | 183.3 | 132.1 | 540.1 | 402.7 |
| Income tax expense | 20.1 | 23.3 | 63.6 | 74.8 |
| Net earnings including noncontrolling interests | 163.2 | 108.8 | 476.5 | 327.9 |
| Less: net earnings attributable to noncontrolling interests | 0.1 | – | 0.1 | – |
| Net earnings attributable to Mohawk Industries, Inc. | $163.1 | 108.8 | 476.4 | 327.9 |
| Basic earnings per share attributable to Mohawk Industries, Inc. | $2.73 | 1.75 | 7.86 | 5.26 |
| Weighted-average common shares outstanding—basic | 59.8 | 62.0 | 60.6 | 62.3 |
| Diluted earnings per share attributable to Mohawk Industries, Inc. | $2.72 | 1.75 | 7.82 | 5.24 |
| Weighted-average common shares outstanding—diluted | 60.0 | 62.3 | 60.9 | 62.6 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| (In millions) | October 3, 2026 | September 27, 2025 | October 3, 2026 | September 27, 2025 |
| Net earnings including noncontrolling interests | $163.2 | 108.8 | 476.5 | 327.9 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | (146.0) | (32.1) | (176.7) | 548.8 |
| Other comprehensive income (loss) | (146.0) | (32.1) | (176.7) | 548.8 |
| Comprehensive income | 17.2 | 76.7 | 299.8 | 876.7 |
| Less: comprehensive income (loss) attributable to noncontrolling interests | 0.1 | (0.1) | (1.2) | 0.5 |
| Comprehensive income attributable to Mohawk Industries, Inc. | $17.1 | 76.8 | 301.0 | 876.2 |
CONDENSED CONSOLIDATED BALANCE SHEETS
| (In millions, except par value and preferred stock shares) | October 3, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $816.8 | 856.1 |
| Receivables, net | 2,125.0 | 1,924.1 |
| Inventories | 2,591.6 | 2,661.7 |
| Prepaid expenses | 531.0 | 512.2 |
| Other current assets | 8.8 | 13.0 |
| Total current assets | 6,073.2 | 5,967.1 |
| Property, plant, and equipment, at cost | 10,869.9 | 11,032.0 |
| Less: accumulated depreciation and amortization | 6,378.5 | 6,260.0 |
| Property, plant and equipment, net | 4,491.4 | 4,772.0 |
| Right of use operating lease assets | 409.8 | 408.7 |
| Goodwill | 1,171.0 | 1,210.3 |
| Tradenames | 682.0 | 695.8 |
| Other intangible assets subject to amortization, net | 100.5 | 117.4 |
| Deferred income taxes and other non-current assets | 507.2 | 516.0 |
| Total assets | $13,435.1 | 13,687.3 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Short-term debt and current portion of long-term debt | $621.9 | 289.3 |
| Accounts payable and accrued expenses | 2,442.5 | 2,310.4 |
| Current operating lease liabilities | 116.7 | 122.4 |
| Total current liabilities | 3,181.1 | 2,722.1 |
| Deferred income taxes | 129.3 | 185.4 |
| Long-term debt, less current portion | 1,160.8 | 1,741.2 |
| Non-current operating lease liabilities | 310.4 | 304.4 |
| Other long-term liabilities | 347.1 | 355.5 |
| Total liabilities | $5,128.7 | 5,308.6 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity: | ||
| Preferred stock, $.01 par value; 60,000 shares authorized; no shares issued | $– | – |
| Common stock, $.01 par value; 150.0 shares authorized; 65.8 and 68.8 shares issued in 2026 and 2025, respectively | 0.7 | 0.7 |
| Additional paid-in capital | 2,008.9 | 1,992.6 |
| Retained earnings | 7,591.0 | 7,503.1 |
| Accumulated other comprehensive income (loss) | (1,083.3) | (907.9) |
| 8,517.3 | 8,588.5 | |
| Less: treasury stock at cost; 7.3 shares in 2026 and 2025 | 215.0 | 215.2 |
| Total Mohawk Industries, Inc. stockholders' equity | 8,302.3 | 8,373.3 |
| Noncontrolling interests | 4.1 | 5.4 |
| Total stockholders' equity | 8,306.4 | 8,378.7 |
| Total liabilities and stockholders' equity | $13,435.1 | 13,687.3 |
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