earnings
confidence high
sentiment negative
materiality 0.65
Patrick Industries Q2 net sales $1.04B, adjusted EPS $1.29; RV revenue down 15%
PATRICK INDUSTRIES INC
- Net sales $1.04B (-1% YoY); operating income $77M (7.4% margin); adjusted EBITDA $126M (12.1% margin).
- Adjusted diluted EPS $1.29 vs $1.50 YoY; net income $43M (+34%) includes prior-year legal settlement.
- RV revenue fell 15% to $407M; Marine +22%, Powersports +28%, Housing +2% offset decline.
- Trailing 12-month free cash flow $128M; returned $106M to shareholders ($91M buybacks, $15M dividends).
- Subsequent to quarter, all-stock merger with LCI Industries announced June 30, 2026.