Revenue Growth and New Business Secured
Patrick Industries reported a 3% increase in revenue, reaching approximately $1.05 billion for the second quarter. The company secured over $100 million in new business for the 2026 model year.
Strong RV Segment Performance
RV revenue increased by 7% to $479 million, driven by market share gains and acquisitions. RV content per unit increased 6% year-over-year.
Adjusted Earnings Per Share Increase
Adjusted earnings per diluted share rose to $1.50, up 4% from the prior year.
Solid Liquidity Position
Patrick Industries reported a strong liquidity position with $835 million, including $813 million in unused capacity on the revolving credit facility.
Share Repurchases and Dividends
The company repurchased $23 million in shares during the quarter and paid $13 million in dividends.