Quarterly ResultMay 7, 2026, 08:46 AM
PATRICK INDUSTRIES Q1 Net Income $39.48M; Basic EPS $1.21
AI Summary
PATRICK INDUSTRIES reported a net income of $39.48 million for Q1 2026, an increase from $38.24 million in Q1 2025, with basic EPS rising to $1.21 from $1.17. Net sales slightly decreased to $997.17 million from $1,003.42 million year-over-year. The company completed two acquisitions for approximately $7.0 million and increased stock repurchases to $14.69 million. The conditional conversion feature of its 1.75% Convertible Senior Notes due 2028 was triggered.
Key Highlights
- Net income rose to $39.48 million in Q1 2026 from $38.24 million in Q1 2025.
- Basic EPS increased to $1.21 in Q1 2026 from $1.17 in Q1 2025.
- Net sales slightly decreased to $997.17 million in Q1 2026 from $1,003.42 million.
- Completed two acquisitions for approximately $7.0 million during Q1 2026.
- Stock repurchases under buyback program totaled $14.69 million in Q1 2026.
- Cash dividends paid to shareholders amounted to $16.31 million in Q1 2026.
- Manufacturing segment net sales grew to $780.02 million in Q1 2026.
- Distribution segment net sales declined to $222.55 million in Q1 2026.