secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0000076605-25-000216
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries Q3 net sales up 6% to $976M; EPS falls 16% to $1.01 on model-year changeover
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- Net sales $976M (+6% YoY) driven by market-share gains and acquisitions; operating income $66M vs $74M.
- GAAP diluted EPS $1.01 (down 16%); adjusted EBITDA $112M (11.5% margin) vs $121M (13.2%).
- RV revenue $426M (+7% vs -2% industry shipments); Marine rev $150M (+11%); Housing rev $302M (+1%).
- Completed acquisition of LilliPad Marine, designer of premium boat ladders and accessories.
- Free cash flow TTM $211M; total net leverage 2.8x; $168M share repurchase capacity remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000216/0000076605-25-000216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000216/patk-20251030.htm
  HTML page:      https://secwatch.observer/filing/0000076605-25-000216

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