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Patrick Industries (PATK)
NASDAQ:PATK
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
1.11Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial progress: double-digit quarterly content and revenue gains in key end markets, improved quarterly margins, strong cash generation, active strategic acquisitions (marine, composites, aftermarket) and a meaningful aftermarket expansion. Challenges noted include industry-wide shipment softness in housing, commodity/ tariff headwinds, a near-term inventory build for composites, some full-year margin pressure and convertible-note dilution. Management provided constructive 2026 guidance (margin expansion and robust cash flow) but emphasized reliance on disciplined OEM/dealer behavior and consumer confidence for shipment recoveries. Overall, positives (top-line growth, margin expansion in Q4, strong free cash flow, strategic M&A and innovation investments) outweigh the headwinds cited.Company Guidance
Top-line Growth
Fourth-quarter net sales increased 9% year-over-year to $924 million; full-year net sales increased 6% to approximately $4.0 billion.
Earnings and Margin Expansion (Quarter)
Q4 adjusted diluted EPS was $0.84 (adjusted EPS increased 62% YoY); GAAP Q4 EPS was $0.83 (up 98% YoY). Q4 gross margin improved to 23.0% from 22.1% a year ago. Q4 adjusted operating margin expanded 110 basis points to 6.3% and adjusted EBITDA increased 17% to $105 million with adjusted EBITDA margin up 80 bps to 11.4%.
Full-year Profitability and Earnings
Full-year adjusted net income rose 5% to $154 million and adjusted diluted EPS increased 2% to $4.44. Full-year adjusted EBITDA was $468 million.
Strong Cash Generation and Liquidity
Full-year free cash flow was $246 million; cash provided by operations was $329 million. Q4 operating cash flow was $131 million (Q4 free cash flow ~$113 million). Available liquidity at year-end was approximately $818 million and net leverage improved to 2.6x from 2.8x.
Disciplined Capital Allocation
Returned $87 million to shareholders in 2025 (including $32 million repurchases and $55 million dividends); increased regular quarterly dividend by 17.5%. Invested $122 million in acquisitions during the year.
End-Market Content Gains and Revenue Outperformance
RV Q4 revenue +10% to $392M; RV content per wholesale unit for the full year $5,190 (+7% YoY) and Q4 CPU +13% YoY. Marine Q4 revenue +24% to $150M; marine estimated CPU for the year $4,327 (+11% YoY) and Q4 CPU +25% YoY. Powersports Q4 revenue +39% to $109M.
Aftermarket and Platform Expansion
Aftermarket sales increased ~30% YoY and now represent 10% of total revenue (up from 8%). Over 500 Patrick SKUs are listed on RecPro. Acquisitions (Medallion, QES, Aegis, Lilypad, Elkhart Composites) expanded marine electrical, instrumentation, composites and aftermarket capabilities.
Innovation — 'The Experience' Virtual Design Platform
Launched a full-scale virtual design and reality solution (50'x14' LED Experience); hosted 30+ comprehensive demos since late November, intended to reduce prototyping and deepen customer collaboration.
2026 Financial Outlook
Management expects 2026 adjusted operating margin to improve by 70–90 basis points vs. 2025. Guidance: operating cash flow $380–400M, CapEx $70–80M, implying free cash flow of approximately $300M or more. End-market shipment outlooks generally call for low-single-digit increases or flat retail across key segments.
PATK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PATK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $134.25 | $140.12 | +4.37% |
Oct 30, 2025 | $98.12 | $100.05 | +1.96% |
Jul 31, 2025 | $99.97 | $96.15 | -3.82% |
May 01, 2025 | $75.77 | $80.29 | +5.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Patrick Industries (PATK) report earnings?
Patrick Industries (PATK) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Patrick Industries (PATK) earnings time?
Patrick Industries (PATK) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PATK EPS forecast?
PATK EPS forecast for the fiscal quarter 2026 (Q1) is 1.16.