Mohawk Industries Board Authorizes $500 Million Share Buyback
Bitget2026/10/30 21:24- Mohawk Industries’ board endorsed a strategic and capital allocation framework to guide investment priorities and long-term shareholder returns.
- A new USD 500 million common stock repurchase authorization takes effect immediately, replacing the completed program approved in July 2025.
- The framework prioritizes high-return organic investments, with base capital spending expected at approximately USD 375 million annually for at least several years.
- Long-term net debt is targeted at no more than 2.0 times adjusted EBITDA, subject to cyclical risk assessments and preserving investment-grade ratings.
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