Quarterly ResultNov 5, 2026, 08:56 AM
Patrick Industries Q3 Net Income $21.1M; EPS $0.64
AI Summary
Patrick Industries, Inc. reported its third-quarter financial results, showing a decrease in net income and EPS compared to the prior year. Net sales for the quarter were $975.3 million, slightly down from $975.6 million in the same period last year. Net income fell to $21.1 million, or $0.64 per diluted share, from $35.3 million, or $1.01 per diluted share, in the prior year. The company also incurred $15.1 million in merger-related costs for the nine-month period due to its pending merger with LCI Industries. Total assets grew to $3.20 billion.
Key Highlights
- Net sales for the three months ended September 27, 2026, were $975.3 million, a slight decrease from $975.6 million in the prior year period.
- Net income for the three months ended September 27, 2026, was $21.1 million, down from $35.3 million in the prior year period.
- Diluted earnings per share for the three months ended September 27, 2026, were $0.64, compared to $1.01 in the prior year period.
- Net sales for the nine months ended September 27, 2026, were $3.014 billion, a decrease from $3.027 billion in the prior year period.
- Net income for the nine months ended September 27, 2026, was $104.0 million, down from $106.0 million in the prior year period.
- Diluted earnings per share for the nine months ended September 27, 2026, were $3.04, compared to $3.08 in the prior year period.
- The company incurred $15.1 million in merger-related costs for the nine months ended September 27, 2026, related to the pending merger with LCI Industries.
- Total assets increased to $3.20 billion as of September 27, 2026, from $3.08 billion as of December 31, 2025.
Price Impact
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