---
schema_version: "secwatch.filing_event.v1"
accession: "0000076605-23-000132"
form_type: "8-K"
ticker: "PATK"
cik: "0000076605"
company_name: "PATRICK INDUSTRIES INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:27:51.865249+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Patrick Industries Q2 net sales $921M (-38% YoY); EPS $1.94 (-59%) amid 44% RV unit decline

## Summary
- Net sales $921M (-38% YoY); diluted EPS $1.94 (-59%) as RV industry unit shipments fell 44%.
- Adjusted EBITDA $114M (-46%); operating margin 8.2% vs 11.8% last year.
- RV revenue $384M (-54%); Marine $268M (-8%); Housing $269M (-23%).
- Content per unit up: RV +6% to $5,051, Marine +15% to $5,330, MH +11% to $6,411.
- Cash from ops $179M (-$82M YoY); inventory down $184M YoY; net leverage 2.6x.

## SEC filing metadata
- accession: 0000076605-23-000132
- form_type: 8-K
- ticker: PATK
- cik: 0000076605
- company_name: PATRICK INDUSTRIES INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660523000132/0000076605-23-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660523000132/patk-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000076605-23-000132
- JSON: https://secwatch.observer/filing/0000076605-23-000132.json
- Plain text: https://secwatch.observer/filing/0000076605-23-000132.txt

## Key facts
- Earnings Releases
  PATRICK INDUSTRIES INC reported the second quarter ended July 2, 2023 results: revenue $921 million, net income $42 million, EPS $1.94.
  - Period: the second quarter ended July 2, 2023
  - Revenue: $921 million
  - Net income: $42 million
  - EPS: $1.94
  - Result: reported results
  source text: Patrick Industries, Inc. Reports Second Quarter 2023 Financial Results Second Quarter 2023 Highlights (compared to Second Quarter 2022 unless otherwise noted) • Net sales of $921 million decreased 38%, primarily due to a 44% reduction in RV industry wholesale unit shipments • Gross profit of $210 million decreased 36%, gross margin increased 60 basis points to
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660523000132/0000076605-23-000132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.