Patrick Industries (NASDAQ:PATK) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Posted by Francis Steltz on Jul 31st, 2026

Patrick Industries (NASDAQ:PATK – Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05, FiscalAI reports. Patrick Industries had a net margin of 3.46% and a return on equity of 13.24%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $994.95 million. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year.

Here are the key takeaways from Patrick Industries’ conference call:

Second-quarter sales were resilient despite RV weakness: Revenue declined less than 1% to $1.04 billion as 22% marine growth, 28% powersports growth, and 2% housing growth largely offset a 15% RV decline. Management highlighted that 7% organic growth reflected continued content gains and diversification.
Marine and powersports remain key growth drivers. Marine benefited from higher content and integrated electrical, tower, windshield, flooring, and fuel-tank solutions, while powersports demand was supported by utility-focused units and rising adoption of premium cab enclosures.
The 2026 outlook was reduced for RV and profitability. RV wholesale shipments are now expected at 285,000–300,000 units, while adjusted operating margin is expected to be flat year-over-year and could face an additional 20-basis-point headwind from customer affordability and volume programs; operating cash flow guidance was lowered to $320 million–$350 million.
The proposed all-stock merger with LCI Industries remains a potential long-term catalyst. Patrick expects approximately $150 million in annual run-rate cost synergies, although the transaction is not expected to close until the first half of 2027 and remains subject to shareholder and regulatory approvals.
Capital returns and potential cash generation improved the balance-sheet outlook. Patrick repurchased approximately $91 million of shares during the quarter and expects working capital to become a source of cash in the second half, helping reduce leverage from 3.0 times while preserving capacity for growth investments.

Patrick Industries Price Performance

Patrick Industries stock traded down $0.94 during trading hours on Friday, hitting $83.06. The stock had a trading volume of 246,038 shares, compared to its average volume of 507,932. Patrick Industries has a 1-year low of $81.29 and a 1-year high of $148.50. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.31 and a beta of 1.11. The stock’s fifty day moving average is $87.42 and its two-hundred day moving average is $105.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.71 and a quick ratio of 1.04.

Patrick Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.3%. Patrick Industries’s dividend payout ratio is 48.21%.

Insider Transactions at Patrick Industries

In other Patrick Industries news, insider Jacob R. Petkovich bought 1,300 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was purchased at an average cost of $95.57 per share, for a total transaction of $124,241.00. Following the acquisition, the insider owned 46,290 shares of the company’s stock, valued at $4,423,935.30. The trade was a 2.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles R. Roeder bought 5,750 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $87.83 per share, with a total value of $505,022.50. Following the transaction, the insider owned 42,147 shares of the company’s stock, valued at $3,701,771.01. The trade was a 15.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 28,700 shares of company stock worth $2,532,880 in the last 90 days. Insiders own 3.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PATK. Cibc World Markets Corp acquired a new stake in Patrick Industries during the 4th quarter valued at $233,000. Mackenzie Financial Corp increased its position in Patrick Industries by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,078 shares of the construction company’s stock worth $231,000 after buying an additional 80 shares in the last quarter. Abel Hall LLC acquired a new position in shares of Patrick Industries in the fourth quarter worth $219,000. Coldstream Capital Management Inc. acquired a new position in shares of Patrick Industries in the third quarter worth $215,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Patrick Industries by 53.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,576 shares of the construction company’s stock valued at $175,000 after acquiring an additional 547 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PATK has been the subject of several recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $94.00 price target on shares of Patrick Industries in a report on Friday. BMO Capital Markets restated an “outperform” rating and set a $150.00 target price (down from $155.00) on shares of Patrick Industries in a research report on Monday, April 20th. Zacks Research downgraded shares of Patrick Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Robert W. Baird set a $110.00 price objective on shares of Patrick Industries in a research note on Friday, May 1st. Finally, Benchmark decreased their price objective on shares of Patrick Industries from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Patrick Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Check Out Our Latest Research Report on Patrick Industries

About Patrick Industries

(Get Free Report)

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.