# Mohawk Announces $500m Share Repurchase

> Mohawk Industries launches strategic framework and authorizes $500m share buyback.
- Title: Mohawk Announces $500m Share Repurchase · Financialpost
- Summary: Mohawk Industries launches strategic framework and authorizes $500m share buyback. Mohawk Industries introduced a strategic and capital allocation framework…
- Keywords: mohawk industries, strategic framework, share repurchase, capital allocation, flooring company, nyse mhk, money, business, Mohawk, Announces, 500m, Share
- Source: Financialpost — https://financialpost.com/globe-newswire/mohawk-industries-introduces-strategic-and-capital-allocation-framework-and-announces-new-500-million-share-repurchase-authorization
- Read time: 1 min
- Topics: mohawk industries, strategic framework, share repurchase, capital allocation, flooring company, nyse mhk, money, business
## Strategic Framework Launch
Mohawk Industries introduced a strategic and capital allocation framework to guide long-term shareholder value creation.
## Board Approval
The Board of Directors approved the strategic framework and a new $500 million share repurchase authorization.
## CEO Statement
CEO Paul De Cock emphasized Mohawk’s strengths and the framework’s role in sharpening focus and supporting cash generation.

> Mohawk’s strengths, our leading market positions, our recognized brands, our innovation expertise, our customer relationships, and the scale and efficiency of our manufacturing and distribution, remain firmly in place.
## Capital Allocation Priorities
The framework prioritizes organic investment, disciplined inorganic acquisitions, and share repurchases to return capital to shareholders.
## Share Repurchase Details
The $500 million share repurchase program is effective immediately and follows the completion of its prior $500 million authorization from July 2025.
## Financial Targets
Mohawk aims to maintain a long-term net debt to adjusted EBITDA target of up to 2.0x with investment-grade credit ratings.
## Key takeaway

Mohawk Industries introduced a strategic and capital allocation framework and authorized a new $500 million share repurchase program effective immediately.