Mohawk Industries Inc. (MHK) reported first quarter adjusted net income of $0.58 per share after the close Thursday, up from $0.42 per share in the prior year period. The consensus estimate was for EPS of $0.55. Second quarter adjusted EPS is expected to be between $1.07 and $1.16, compared to the consensus estimate of $1.08.
Mohawk Industries gapped up sharply Friday, but was range-bound for the majority of the session. Shares closed higher by 5.02 at $73.52, with volume at a 9-month high. The stock has been rising for the past week and a half and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.