Patrick (PATK) Q1 2026 Earnings Call Transcript
Patrick (PATK) reported Q1 2026 earnings with net sales of $997 million, up 1% year-over-year, driven by 8% organic growth and 2% acquisition growth, but offset by a 10% industry impact. Earnings per diluted share were $1.10, slightly below last year's $1.11, with a $0.10 dilution from convertible notes. The company also noted a decline in adjusted EBITDA and a shift in cash flow due to strategic inventory buildup.
Tickers: $PATK
Topics: Earnings Earnings Per Share Financial Performance Gross Margin Net Income Net Sales Operating Margin Shareholder Returns