Patrick Industries (PATK)
NASDAQ:PATK
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.42Last Year’s EPS
1.5Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive tone driven by diversified end-market performance (notably strong marine and powersports growth), content-per-unit gains, stable margins, solid liquidity and constructive 2026 guidance for margin expansion and free cash flow. These positives offset notable headwinds including double-digit RV and manufactured housing shipment declines, a near-term cash outflow for strategic inventory build, modest adjusted EBITDA contraction, and commodity/tariff/ASP uncertainties. Management emphasized operational agility, innovation, aftermarket expansion and active M&A execution (including discussions with LCI) as durable offsets to cyclical demand weakness.Company Guidance
Consolidated Revenue and Organic Growth
Net sales of $997 million in Q1 2026, up 1% year-over-year; comprised of 8% organic growth, 2% acquisition growth and a negative 10% industry mix effect. Trailing 12-month net sales ~ $3.9 billion.
Earnings and Margin Stability
Net income of $39 million, up 3% year-over-year, and diluted EPS of $1.10 (includes approximately $0.10 convertible-related dilution). Gross margin 22.8% and operating margin 6.5% were unchanged versus prior year, demonstrating margin resilience.
Strong Marine and Powersports Performance
Marine revenue increased 14% to $170 million (17% of sales) outperforming an estimated 7% decline in wholesale powerboat shipments; marine CPU (TTM) up 17% to $4,657 and quarterly marine CPU up 23% year-over-year. Powersports revenue rose 28% to $104 million (10% of sales) driven by OEM adoption of cabin closures and expanded content.
RV Content Gains Despite Industry Weakness
RV revenue $446 million, up 7% and representing 45% of consolidated revenue, while RV industry wholesale units were down ~12% in Q1; RV trailing 12‑month CPU increased 8% to $5,277 and quarterly CPU increased 6% year-over-year, indicating share and content gains.
Disciplined Balance Sheet and Liquidity
Total net liquidity of $734 million (cash + unused revolver capacity ~$696M), net leverage 2.8x, no major debt maturities until 2028 and active share repurchases ($31M returned in Q1 including $15M buybacks).
Updated 2026 Financial Guidance and FCF Outlook
Company expects 2026 adjusted operating margin to improve by 30 to 50 basis points versus 2025, operating cash flow of $370M–$390M, capex $70M–$80M and estimated free cash flow of approximately $300M.
Product Innovation and Aftermarket Progress
Advancements in composite strategy, entry-level tower audio, digital design studio (25+ working sessions, eliminated dozens of prototypes), and expanding aftermarket/RecPro parts (500+ parts added since Sep 2024) to drive content and aftermarket growth.
Active M&A and Strategic Opportunity
Management remains active and opportunistic on M&A despite announced discussions about a potential merger of equals with LCI Industries; believes a potential combination could produce synergies, cost savings and enhanced customer solutions.
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 |
|---|---|---|---|
Apr 30, 2026 | $93.30 | $93.00 | -0.32% |
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% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Patrick Industries (PATK) earnings time?
Patrick Industries (PATK) earnings time is at Jul 30, 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 (Q2) is 1.42.