secwatch.observer — SEC 8-K summary
======================================

Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000076605-25-000172
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries Q2 adjusted EPS $1.50; GAAP EPS $0.96 on $18M legal charge
-----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000172/0000076605-25-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000172/patk-20250731.htm
  HTML page:      https://secwatch.observer/filing/0000076605-25-000172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer