Mohawk reports mixed Q3 results; gives Q4 outlook
- Mohawk press release (MHK): Q3 Non-GAAP EPS of $2.72 beats by $0.14.
- Revenue of $2.79B (+1.1% Y/Y) misses by $30M.
- Adjusted EBITDA of approximately $353 million, adjusted EBITDA margin of 12.7%.
- Q3 2026 Net Cash Provided by Operating Activities of $471 million; Q3 2026 Free Cash Flow of $390 million; YTD Q3 2026 Free Cash Flow of $626 million up 78%.
- Returned $261 million to shareholders during the third quarter and $34 million during the fourth quarter, reducing shares outstanding by approximately 4%.
- Expecting Q4 2026 Adjusted EPS of $1.35 to $1.45 (vs. consensus of $1.64).
- The company is announcing a new $500M share repurchase program, effective immediately, which follows the completion of its prior $500M authorization, approved in July 2025.
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