Patrick Industries, Inc. ( (PATK) ) has released its Q3 earnings. Here is a breakdown of the information Patrick Industries, Inc. presented to its investors.
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Patrick Industries, Inc., a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, has reported its financial results for the third quarter of 2025. The company, known for its comprehensive solutions model, continues to serve manufacturers and outdoor enthusiasts with a focus on innovation and quality.
In the third quarter of 2025, Patrick Industries achieved a 6% increase in net sales, reaching $976 million, driven by organic growth and strategic acquisitions. Despite the rise in sales, the company experienced a decline in operating income and net income compared to the previous year, with operating income at $66 million and net income at $35 million. The diluted earnings per share also decreased to $1.01 from $1.20 in the prior year.
Key financial metrics indicate a mixed performance, with adjusted EBITDA at $112 million, down from $121 million the previous year. The company returned $13 million to shareholders through dividends and maintained a total net liquidity of $779 million. Notably, the RV and Marine sectors showed revenue growth despite industry shipment declines, highlighting Patrick’s market resilience.
Looking ahead, Patrick Industries remains optimistic about its future prospects. With a strong balance sheet and strategic investments in innovation and capacity expansion, the company is well-positioned for continued growth. Management anticipates improved margins and sustained market leadership as they execute their profitable growth plan.