Mohawk Q2 net sales $3.0B (+6.8% YoY), EPS $3.22 ($3.67 adj); CEO transition to De Cock

MOHAWK INDUSTRIES INC

Q2 net earnings $196M ($3.22 EPS); adjusted net earnings $223M ($3.67 EPS); net sales $3.0B, up 6.8% YoY.
Q2 results included $0.63 EPS benefit from tariff refunds; Q3 guidance adj EPS $2.50-$2.60 (incl $0.12 tariff refunds).
CEO transition: Paul De Cock appointed CEO effective Sept 30, 2026; Jeff Lorberbaum remains Chairman.
New cost savings initiatives target $60M annual savings by end of 2027 with $50M restructuring costs.
Share buyback: over 600,000 shares repurchased for ~$60M in Q2.

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