Product Management Intern - Summer 2026

Mohawk's Q3 net sales virtually flat, earnings up 49.9%. Calhoun, GA, October 29, 2026 - Mohawk Industries net sales for Q3 2026 were $2.79 billion, up approximately 1% from the prior-year period from Q3 2026's $2.76 billion. Net earnings for Q3 were $163.1 million, up 49.9% YOY from $108.8 million in Q3 2025. For the nine months of 2026, net sales were $8.5 billion, an increase of 5.2% compared to $8.1 billion in the first nine months of 2025. Net earnings for the first nine months were $476.4 million, a 45.3% increase from $327.9 million. Global Ceramic's Q3 2026 net sales were $1.1 billion, up approximately 2% compared to the prior-year period's $1.1 billion. For the first nine months of 2026, Global Ceramic sales were $3.4 billion, a 6.7% increase compared to the prior year's $3.2 billion. Flooring North America's Q3 2026 net sales were $950 million, up approximately 1% compared to the prior-year period's $936.8 million. For the first nine months of 2026, Flooring North America sales were $2.8 billion, a 2.2% increase compared to the prior year's $2.7 billion. Flooring Rest of the World's Q3 2026 net sales were $707.5 million, down approximately 1% compared to the prior-year period's $716.4 million. For the first nine months of 2026, Flooring Rest of the World sales were $2.3 billion, a 6.8% increase compared to the prior year's $2.1 billion. Says Truist, "MHK came in well above Street and guidance but views for 4Q26 are below, most likely on diesel, energy, and most importantly raw material inflation. The release indicates this negative price/mix will continue into 1Q27. Revenues in the quarter were mostly flat with a weak flooring market in its view. Finally, management engaged in substantial share repurchases and in just a few months has bought back 4% of shares outstanding. With leverage still very low, FloorDaily suspect substantially more repurchases will be coming at current valuations. "Share Repurchase Begins in Earnest. One of the biggest changes expected with the rotation to a new CEO is a ramp up of share repurchases. The quarter did not disappoint with the company purchasing 2 million shares (3% of shares outstanding) for $261 million and an additional $34 million QTD resulting in a 4% reduction in share count. These repurchases over just a few months represent a higher level seen in any yearly period except 2021. A new repurchase program of $500 million was approved, and FloorDaily suspect it will not be the last. "Flooring North America (34% of Sales) Sees Flattish Sales and Margin Improvement. Net sales increased 1% y/y or were flat adjusted for shipping days. We view these results as above an overall weak flooring market in the period, although volume was down 3%. Adjusted EBIT margin increased 90 bps to 8.1% as tariff benefits and productivity gains were partially offset by higher input costs." Get the latest flooring industry news delivered weekly.

MHK jumps as Mohawk Industries plans aggressive buybacks. TIM BOHEN - UPDATED SEP. 25, 2026, 4:48 PM ET Summarize this article Mohawk Industries Inc. stocks have been trading up by 4.76 percent after upbeat housing demand forecasts boosted investor confidence. What traders need to know. * Truist sees Mohawk Industries re-rating higher as a new CEO shifts focus to margin expansion, portfolio pruning, and share buybacks potentially reaching 20% of market cap. * The firm argues fears of long-term decline are overdone, saying LVT flooring share gains have likely peaked, easing pressure on Mohawk Industries Inc. * Management is holding investor meetings with Truist in New York and Boston on 2026/09/02-2026/09/03, aiming to reset the story and improve communication. * Recent weekly action shows MHK pushing from the low $120s toward $125, signaling fresh buying interest into this narrative. Weekly Update Sep 21 - Sep 25, 2026: On Friday, September 25, 2026 Mohawk Industries Inc. stock [NYSE: MHK] is trending up by 4.76%! Discover the key drivers behind this movement as well as its expert analysis in the detailed breakdown below. Consumer Discretionary industry expert: Analyst sentiment - positive Mohawk Industries holds a solid but cyclical leadership position in global flooring, with Q2 revenue annualizing near $12B and modest growth after several flat years (3-year revenue CAGR negative, 5-year barely positive). Profitability is improving but still subpar: EBIT margin of 4.1% and EBITDA margin of 10.2% lag prior-cycle highs, reflected in mid-single-digit ROE and ROIC. Balance sheet quality is a clear strength: net leverage is low (total debt/equity 0.28, interest coverage 85x) and cash conversion is robust, with Q2 free cash flow of $228M and price-to-FCF of 8.7x and P/B just under 1x supporting a value-oriented long thesis. Weekly price data show a strong, near-straight-line advance from roughly $117 to $125, confirming a clear short-term uptrend and likely breakout from prior congestion. Intraday 5-minute candles have shown constructive buying on dips with higher lows and sustained closes near session highs, supported by above-average volume on up-moves and lighter volume on pullbacks. The key actionable level is $121: traders should treat it as first support and a tactical add zone, with tight downside control below $117 where the current breakout structure would be invalidated. Near-term catalysts are firmly skewed to the upside. Truist's view of a re-rating driven by a new CEO, explicit margin-expansion focus, portfolio pruning (including potential sale of a non-core European insulation/ceiling asset), and a buyback program up to 20% of market cap directly targets Mohawk's valuation discount to Consumer Discretionary and Home & Homeware peers. As execution becomes visible, I expect multiple expansion toward 12-13x forward EPS, supporting a 6-12 month price target range of $145-$155, with technical resistance near $135 and firm support in the $118-121 band. Quick financial overview. Mohawk Industries Inc. is trying to turn a low-expectation story into a margin and buyback story. Revenue over the last year runs near $10.8B, but three-year revenue growth is slightly negative, which explains why the market has been cautious. At the same time, MHK trades at a price-to-sales ratio around 0.73 and price-to-book near 0.95, signaling the stock is priced like a value laggard, not a growth name. Profitability is modest but improving. Recent quarterly revenue of about $2.99B produced gross margin of 24.3% and EBITDA margin just above 10%, with EBIT margin a bit above 4%. That translated into net income of roughly $196.1M and diluted EPS of $3.22 for the quarter, a decent earnings power base given the mid-teens P/E around 15.8. Returns on equity in the low single digits show room for upside if the new CEO can execute on margin expansion. Balance sheet strength backs the Truist narrative. Total debt-to-equity of 0.28, interest coverage above 80, and a current ratio near 1.9 give Mohawk Industries Inc. flexibility to prune lower-return units and fund buybacks. Free cash flow last quarter was about $228.2M against operating cash flow of $316.5M, enough to support meaningful repurchases. On the tape, weekly closes stepped from about $117 to $125, while intraday action shows a steady trend day: a morning base around $120-$122, then a controlled push and hold near $124-$125 into the close. Conclusion. This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. 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Lorberbaum's final industry appearance set for Edge Summit 2027. Calhoun, GA, September 18, 2026 - Mohawk Industries CEO Jeff Lorberbaum, who is retiring after 50 years in the flooring industry and 25 years leading Mohawk, will make his final official industry appearance at the company's Edge Summit 2027. Lorberbaum began his flooring career with his family's Aladdin Mills in 1976 and joined Mohawk when the company acquired Aladdin in 1994. He became Mohawk's CEO in 2001. Edge Summit 2027 will bring together Mohawk and its retail partners and will include a celebration of Lorberbaum's career and contributions to the flooring industry. Get the latest flooring industry news delivered weekly.