Patrick Industries FY26 Q1 net income rises 3% to $39 million
Patrick Industries, Inc.
Patrick Industries, Inc. PATK | 0.00 |
- Patrick Industries posted first-quarter 2026 net income up 3% to 39.48 million, with diluted EPS of 1.10.
- Net sales edged down to $997 million from $1.003 billion as 14% marine growth and 28% powersports growth were offset by weaker RV and housing demand.
- Adjusted EBITDA slipped to $113.32 million from $115.57 million, with margin easing 0.1 percentage point to 11.4%.
- Operating cash flow swung to $14.01 million used from $40.08 million provided on higher working-capital investment tied to a planned inventory build.
- Management confirmed discussions with LCI Industries on a potential merger-of-equals, while highlighting composite-product adoption and AI-driven tools to improve visibility and efficiency across its decentralized structure.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patrick Industries Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE47079) on April 30, 2026, and is solely responsible for the information contained therein.
