Quarterly ResultOct 29, 2026, 08:21 AM
Patrick Industries Q3 Sales Flat at $975M; RV Revenue Down 15%
AI Summary
Patrick Industries reported third quarter 2026 financial results with net sales of $975 million, nearly flat compared to the prior year. While RV revenue declined 15%, strong performance in Powersports (+30%) and Marine (+14%) offset the decrease. Operating income and diluted EPS saw a year-over-year decline, but adjusted EBITDA increased by 3%. The company continues to advance its merger with LCI Industries, with a shareholder meeting scheduled for November 18, 2026. Patrick Industries returned $15 million to shareholders via dividends.
Key Highlights
- Patrick Industries reported Q3 2026 net sales of $975 million, a slight decrease from $976 million in Q3 2025.
- Operating income decreased to $50 million from $66 million year-over-year.
- Diluted EPS was $0.64, down from $1.01 in the prior year period.
- Adjusted EBITDA increased 3% to $116 million.
- Net sales in the RV segment decreased 15% to $362 million.
- Marine revenue increased 14% to $171 million, and Powersports revenue increased 30% to $128 million.
- The company returned $15 million to shareholders through dividends.
- Available liquidity was $716 million, with a total net leverage ratio of 2.9x.
Price Impact
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