Patrick Industries (NASDAQ:PATK) Posts Earnings Results, Beats Expectations By $0.05 EPS

Patrick Industries (NASDAQ:PATK) announced its quarterly earnings results on Thursday. The construction company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05, FiscalAI reports. Patrick Industries had a net margin of 3.74% and a return on equity of 12.69%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $994.95 million. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter 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 Stock Performance

PATK stock traded down $1.45 during mid-day trading on Friday, hitting $82.55. The company had a trading volume of 437,308 shares, compared to its average volume of 618,727. The firm has a market cap of $2.72 billion, a PE ratio of 19.56 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.04 and a current ratio of 2.67. Patrick Industries has a 12 month low of $81.29 and a 12 month high of $148.50. The stock’s fifty day moving average price is $87.25 and its two-hundred day moving average price is $105.79.

Patrick Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Patrick Industries’s dividend payout ratio (DPR) is 48.21%.

Key Headlines Impacting Patrick Industries

Here are the key news stories impacting Patrick Industries this week:

• Positive Sentiment: Patrick Industries reported second-quarter 2026 earnings of $1.29 per share, exceeding consensus estimates of $1.23–$1.24. Revenue of approximately $1.04 billion also surpassed expectations of about $995 million. Patrick Industries Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: The earnings call, presentation and follow-up coverage are refocusing attention on demand trends across Patrick’s Outdoor Enthusiast and Housing markets, with investors looking for evidence that the company can sustain performance despite uneven end-market conditions. Patrick Industries Q2 2026 Earnings Call Transcript
• Negative Sentiment: Despite beating estimates, quarterly EPS declined from $1.50 a year earlier, while revenue fell approximately 0.6% year over year. The company’s 3.74% net margin also highlights limited profitability, which may be contributing to investor caution. Patrick Industries Q2 Earnings and Revenues Surpass Estimates
• Negative Sentiment: The stock is trading near its one-year low and below both its 50-day and 200-day moving averages, suggesting that the earnings beat has not yet overcome broader concerns about growth and operating momentum.

Analysts Set New Price Targets

Several research firms recently weighed in on PATK. Zacks Research cut shares of Patrick Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Patrick Industries from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Benchmark dropped their target price on shares of Patrick Industries from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Truist Financial cut their target price on Patrick Industries from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $94.00 target price on shares of Patrick Industries in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Patrick Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

Insider Activity

In other news, insider Charles R. Roeder acquired 5,750 shares of Patrick Industries stock in a transaction on Tuesday, May 5th. The stock was acquired at an average cost of $87.83 per share, with a total value of $505,022.50. Following the completion of the acquisition, the insider owned 42,147 shares in the company, valued at approximately $3,701,771.01. This trade represents a 15.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director M Scott Welch bought 10,050 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of $88.23 per share, with a total value of $886,711.50. Following the completion of the transaction, the director directly owned 156,000 shares of the company’s stock, valued at approximately $13,763,880. The trade was a 6.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 28,700 shares of company stock worth $2,532,880. 3.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Patrick Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company’s stock valued at $1,632,000 after acquiring an additional 851 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Patrick Industries by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company’s stock worth $5,957,000 after purchasing an additional 3,748 shares during the period. Strs Ohio purchased a new position in shares of Patrick Industries in the first quarter worth about $42,000. Cetera Investment Advisers raised its position in shares of Patrick Industries by 64.8% in the second quarter. Cetera Investment Advisers now owns 6,058 shares of the construction company’s stock valued at $559,000 after purchasing an additional 2,381 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Patrick Industries in the second quarter valued at approximately $340,000. Institutional investors own 93.29% of the company’s stock.

About Patrick Industries

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.