earnings
confidence high
sentiment neutral
materiality 0.70
Patrick Industries Q1 revenue +7% to $1.0B; EPS $1.11 vs $1.06; RV/Housing up 14%/7%
PATRICK INDUSTRIES INC
2025-Q1 EPS reported
$1.11
revenue$1,003,420,000
- Net sales $1.0B (+7% YoY); RV revenue +14% to $479M, Housing +7% to $295M, Marine -4% to $149M, Powersports -2% to $81M.
- Net income $38M (+9%); diluted EPS $1.11 (incl. $0.05 dilution from convertible notes) vs $1.06; adjusted EPS $1.11 vs $1.19.
- Operating margin 6.5% (+10 bps); adjusted operating margin 6.5% vs 7.0% in prior year.
- Free cash flow trailing 12 months $251M; repurchased ~100k shares for $8.5M; total net leverage 2.7x; liquidity $745M.
- Management highlights tariff uncertainty but says Q1 results in line with plan; no specific guidance change.