Mohawk Industries reports first quarter sales of $2.7 billion

Lower sales volumes and higher input costs impact margins.

Mohawk Industries has announced first quarter 2026 net sales of $2.7 billion (up 8% as reported or down 2.6% adjusted for constant days and exchange rates versus the prior year) and net earnings of $117 million.

Net sales in the Global Ceramic Segment rose to $1,097.4 million, up 10.4% versus the same period in 2025 (down 0.2% on an adjusted basis), with an operating margin of 4.7% ($51 million). The margin was impacted by higher input costs and lower sales volumes, partially offset by productivity gains and an improved price mix, with higher-end products recording the best performances. Across all regions, the commercial channel outperformed the new home construction and residential remodelling segments.

Commenting on the results, Chairman and CEO Jeff Lorberbaum noted that the already challenging economic and market environment is being further exacerbated by the effects of the conflict in the Middle East. The inflationary pressure triggered by rising energy prices is impacting consumers – reducing both confidence and discretionary spending – as well as businesses.

“We are implementing price increases across many product categories and geographies, and further price increases could be required,” stated Lorberbaum. “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 maintaining flexibility to align with evolving demand, supply availability and volatile costs. Presently, we are containing costs, reengineering products and limiting capital expenditures. We will not see the full impact of our pricing actions and rising input costs until the third quarter.”