Patrick Industries Q1 net sales $997M, EPS $1.10; discusses potential merger with LCI Industries

PATRICK INDUSTRIES INC

2026-Q1 EPS reported $1.10 revenue$997,172,000

Net sales $997M vs $1,003M prior year; operating margin flat at 6.5%; net income up 3% to $39M.
Diluted EPS $1.10 vs $1.11; includes $0.10 dilution from convertible notes.
RV revenue down 7%, Marine up 14%, Powersports up 28%, Housing down 6%.
Confirmed discussions with LCI Industries regarding potential merger of equals; no terms assured.
Returned $31M to shareholders in Q1; $15M share repurchases in Q2 through April 29.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PATRICK INDUSTRIES INC reported the first quarter ended March 29, 2026 results: revenue $997 million, net income $39 million, EPS $1.10 per diluted share.

Period: the first quarter ended March 29, 2026
Revenue: $997 million
Net income: $39 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

reported financial results for the first quarter ended March 29, 2026. First Quarter 2026 Highlights (compared to First Quarter 2025 unless otherwise noted) • Net sales were $997 million compared to $1,003 million. Marine revenue growth of 14% and Powersports revenue growth of 28% were offset by lower revenue in the Company's RV and Housing markets, primarily

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Source: SEC EDGAR

accession 0000076605-26-000045

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