Slide 1: Q1 2026
Q1 2026 mohawkind.com | NYSE: MHK
Slide 2: Forward-looking Statements & Non-GAAP Numbers
Forward-looking Statements & Non-GAAP Numbers Certain of the statements in this presentation, particularly those anticipating future performance, business prospects, growth and operating strategies and similar matters and those that include the words “could,” “should,” “believes,” “anticipates,” “ex
Slide 3: Select a Section
Select a Section Mohawk At-A-Glance Investment Thesis Mohawk At-A-Glance Investment Thesis Quarterly Perspective Appendix Quarterly Perspective Appendix MOHAWK INDUSTRIES 3
Slide 4: Mohawk Industries At-A-Glance
Mohawk Industries At-A-Glance Mohawk Industries At-A-Glance 4
Slide 5: World's Largest Flooring Company
World’s Largest Flooring Company Unmatched Scale & Scope $10.8B ~40,500 19 ~180 2025 Net Sales Employees 1 Countries where Countries where Mohawk Manufactures1 Mohawk Sells1 Leading Brands 3 Reporting Segments on Four Continents 2025 Net Sales Distribution 26% Flooring Rest of the World 40% Global C
Slide 6: Comprehensive Product Portfolio
Comprehensive Product Portfolio Ceramic Tile & Carpet & Countertops Rugs Resilient Laminate & Flooring Wood Flooring Panels Insulation MOHAWK INDUSTRIES 6
Slide 7: Mohawk Industries Investment Thesis
Mohawk Industries Investment Thesis 7
Slide 8: Ways We Win
Ways We Win Business strengths position Mohawk to navigate current market conditions and capture pent–up demand when housing markets and consumer confidence rebound. Geographic Product Reach Innovation Long-Term Operational Strong Financial Building Trends Excellence Position MOHAWK INDUSTRIES 8
Slide 9: Long-Term Trends
Long -Term Trends Mohawk is well positioned to capitalize on favorable fundamentals: • Declining mortgage rates should encourage increased housing turnover • More U.S. mortgages now above 6% than below 3% • Household formation outpacing home construction in most markets • Remodeling preserves value
Slide 10: Long-Term Industry Trends
Long-Term Industry Trends An industry track record of emerging stronger from downturns Total U.S. Flooring Sales: 2004 to 2024 (in billions) $40 $35 $30 $25 $20 15.3% CAGR $15 Post Recession Recovery 2010 – 2014 $10 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 11: Geographic Reach
Geographic Reach Multiple opportunities for market development and penetration • Business model combines operational and R&D advantages of global scale with superior local service and market insight • Leadership across multiple flooring categories in key regional markets Expand sales with existing c
Slide 12: Geographic Reach
Geographic Reach Leading market positions in North America, Europe, South America and Oceania through differentiated products aligned with local preferences Sales by Geography1 8% 7% Other LatAm 54% 31% U.S. Europe Mexico • Ceramic • LVT U.S. • Ceramic • Carpet Europe Malaysia • LVT • Ceramic • Wood
Slide 13: Operational Excellence
Operational Excellence Vertical integration optimizes process controls and helps ensure product quality and business agility • Maximizing productivity & operational efficiency • ~$360M cumulative annualized restructuring savings from actions since 2022 • Ongoing cost-reduction initiatives • Streamli
Slide 14: Product Innovation
Product Innovation Delivering competitive advantages through product differentiation • Patented processes and proprietary products • Worldwide innovation leadership • Three global R&D Centers benefit all markets • Italy – Ceramic • U.S. – Carpet • Belgium – Laminate • Long history of industrializing
Slide 15: Recent Category Innovations
Recent Category Innovations Ceramic Tile Carpet Three-dimensional Pur-Ease collections surface digital are the first carpets printing realistically certified Asthma and captures texture Allergy Friendly®, and visuals of significantly reducing stone or wood household allergens through natural probiot
Slide 16: Strong Financial Position
Strong Financial Position Free Cash Flow1 Share Repurchases Since 20202 • ~$1.8B in total purchases • ~18% of outstanding shares 2025 Free Cash Flow $616M • ~$149M purchased in 2025 • $500M share buyback program announced • 10-year free cash flow avg. ~$630M/year (July 24, 2025) Cash & Liquidity Pos
Slide 17: Leveraging Strengths into an Effective Capital Allocation Strategy
Leveraging Strengths into an Effective Capital Allocation Strategy Maintain Investment Return Capital to Grade Credit Rating Shareholders Current net debt to Repurchased ~18% adjusted EBITDA ratio: of outstanding 0.9x1 shares for ~$1.8B 2 since 2020 Reinvest in Pursue the Business Acquisitions Focus
Slide 18: Sustained Targeted Internal Investment
Sustained Targeted Internal Investment Investing in capacity expansion and leading-edge technology in growth product categories in key regions Expanded Italian porcelain Enhanced production technology Launched LVT manufacturing slab manufacturing to in U.S. and Belgium to more facility in northwest
Slide 19: Business Expansion Through Acquisition
Business Expansion Through Acquisition Strategic Criteria Three decades of successful acquisitions and integration opened new geographic markets, • Attractively priced product categories and distribution capabilities 58 strategic and bolt-on acquisitions since 1992 • Synergies with existing capabili
Slide 20: Q1 2026 Performance & Perspective
Q1 2026 Performance & Perspective MOHAWK INDUSTRIES 20
Slide 21: Current Market Dynamics
Current Market Dynamics • Commercial sector outperforming residential • Slow housing turnover continues to impact residential remodeling investments • Home construction soft; builders offering incentives to move inventory • Middle East conflict has increased volatility in global energy markets, impa
Slide 22: Quarterly Performance Overview
Quarterly Performance Overview 1 1 Net Sales Adjusted EBITDA1 Adjusted OI 1 Adjusted Diluted EPS $2.7B $300M $150M $1.90 (In millions, except per share data) Q1 2025 Q1 2026 Net Sales $2,525.8 $ 2,728.7 % Change — 8.0% % Change (Adjusted Basis) — -2.6% Adjusted EBITDA $ 267.9 $ 299.8 Adjusted EBITDA
Slide 23: Q1 2026 Performance Highlights
Q1 2026 Performance Highlights • Net sales and EPS rose as reported (Q1 2025 impacted by system conversion and had fewer days) • In challenging market conditions, believe Mohawk outperformed in most regions • Productivity gains and restructuring actions benefited results • Premium collections and ne
Slide 24: Global Ceramic Segment
Global Ceramic Segment First Quarter 2026 • Net sales increased 10.4% as reported • Margins negatively impacted by higher input costs and lower sales volume, partially offset by productivity gains and improved price/mix • Commercial business is larger than other segments, benefiting sales and margin
Slide 25: Flooring Rest of the World Segment
Flooring Rest of the World Segment First Quarter 2026 • Net sales rose 12.2% as reported • Margins negatively impacted by pressure from competitive industry pricing • Flooring sales benefited from increased retail partnerships and success of new collections • Panels and insulation businesses deliver
Slide 26: Flooring North America Segment
Flooring North America Segment First Quarter 2026 • Net sales increased 2.0% as reported • Margins favorably impacted by productivity gains, partially offset by higher input costs and pressure from competitive industry pricing • Commercial continues to outperform residential with order backlog holdi
Slide 27: Near-Term Outlook
Near-Term Outlook • Adapting business to volatility caused by Middle East conflict • Announced price increases across much of portfolio; order backlog has continued to grow • Commercial channel remains solid • Residential remodeling and new home construction could be impacted by lower consumer confi
Slide 28: Long-Term Outlook
Long-Term Outlook Industry Reduced cost rebounded structures and 10+% annually streamlined in years after operations should trough of Great support profitable Financial Crisis growth While inflection Significant future With industry- point is demand from leading unpredictable, housing deficit, innov
Slide 29: Appendix and Reconciliation Tables
Appendix and Reconciliation Tables MOHAWK INDUSTRIES 29
Slide 30: Annual Earnings Summary
Annual Earnings Summary (In millions, except per share data) 2023 2024 2025 Net Sales $11,135.1 $10,836.9 $10,785.4 % change -5.1% -2.7% -0.5% Adjusted EBITDA $ 1,416.5 $ 1,427.1 $ 1,299.9 % Adjusted EBITDA Margin 12.7% 13.2% 12.1% Adjusted Operating Income $ 814.4 $ 820.1 $ 703.1 % Adjusted Operati
Slide 31: Annual Results by Segment
Annual Results by Segment (In millions, except per share data) 2023 2024 2025 GLOBAL CERAMIC Sales $4,300.1 $4,226.6 $4,289.6 % change -0.2% -1.7% 1.5% Adjusted Operating Income $ 301.6 $ 291.8 $ 291.0 % Adjusted Operating Margin 7.0% 6.9% 6.8% FLOORING NA Sales $3,829.4 $3,769.9 $3,638.5 % change -
Slide 32: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Net Sales to Adjusted Net Sales (In millions) Q1 2026 CONSOLIDATED Net Sales $ 2,728.7 Adjustment for constant shipping days (143.0) Adjustment for constant exchange rates (126.8) Adjusted net sales $ 2,458.2 GLOBAL CERAMIC Net Sales $ 1,097.4 Adjustment for const
Slide 33: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Operating Income (In millions) Q1 2025 Q1 2026 CONSOLIDATED Operating income $ 96.0 $ 111.8 Adjustments to operating income: Restructuring, acquisition and integration-related and other costs 26.2 37.6 Inventory capitalization - - Software implementation
Slide 34: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Operating Income (In millions) 2023 2024 2025 Operating income (loss) $ (291.9) 693.5 489.8 Adjustments to operating income (loss): Restructuring, acquisition and integration-related and other costs 132.2 94.4 154.2 Inventory Capitalization - - (6.2) Soft
Slide 35: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted EBITDA (In millions) Q1 2025 Q1 2026 Net earnings (loss) including noncontrolling interests $ 72.6 117.1 Interest expense 6.4 2.4 Income tax expense 17.5 (8.9) Depreciation and amortization* 150.4 181.8 EBITDA 246.9 292.4 Restructuring, acquisition and in
Slide 36: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Operating Income (Loss) (In millions) 2023 2024 2025 GLOBAL CERAMIC Operating income (loss) $ (166.4) 249.5 266.7 Adjustments to segment operating income (loss): Restructuring, acquisition and integration-related and other costs 37.0 29.0 30.9 Inventory s
Slide 37: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Adjusted Net Earnings (In millions) 2023 2024 2025 Net earnings (loss) attributable to Mohawk Industries, Inc. $ (449.0) $ 514.7 $ 369.9 Adjusting items: Restructuring acquisition, integration-related and other costs 129.3 94.4 154.2 Software implementation cost w
Slide 38: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Net Debt (In millions) Q4 2024 Q4 2025 Q1 2026 Current portion of long-term debt and commercial paper 559.4 289.3 381.1 Long-term debt, less current portion 1,677.4 1,741.2 1,730.2 Total debt 2,236.8 2,030.5 2,111.3 Less: cash and cash equivalents 666.6 856.1 872.
Slide 39: For additional information, please visit mohawkind.com
For additional information, please visit mohawkind.com