Patrick Industries Reports Q2 2026 Earnings Amid Decline in RV Sector
Patrick Industries (PATK) reported second-quarter earnings for fiscal year 2026 on July 30, with net sales of $1.04 billion, a slight decline due to an industry-wide drop in recreational vehicle shipments offset by growth in Marine and Powersports segments. Despite the RV sector declining by 15%, organic revenue grew by 7% as other divisions performed well. The company's adjusted earnings per share (EPS) came in at $1.29, with net income rising to $43 million from $32 million a year ago. Patrick Industries also repurchased nearly one million shares for $91 million during the quarter and maintained strong liquidity of $691 million. Looking ahead, management revised RV wholesale unit guidance downward due to softer retail demand but remains optimistic about long-term growth through strategic acquisitions and merger synergies with LCI Industries expected to yield $150 million in annual savings.
Tickers: $PATK