secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0000076605-26-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660526000045/0000076605-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660526000045/patk-20260430.htm
  HTML page:      https://secwatch.observer/filing/0000076605-26-000045

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