earnings
confidence high
sentiment neutral
materiality 0.75
Patrick Industries Q2 adjusted EPS $1.50; GAAP EPS $0.96 on $18M legal charge
PATRICK INDUSTRIES INC
2025-Q2 EPS reported
$2.07
revenue$2,050,974,000
- Net sales $1.05B (+3% YoY); RV revenue +7% to $479M, housing +3% to $315M.
- Adjusted EBITDA $135M (+4%); adjusted EBITDA margin 12.9% (+10 bps).
- GAAP net income $32M (down 32%) includes $19M pre-tax legal settlement from double-fatality accident.
- Free cash flow trailing 12-month $262M; total net leverage 2.6x; liquidity $835M.
- Expects lower wholesale shipments H2 vs H1; plans to focus on acquisitions in H2 2025.
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