Earnings ·
Patrick Industries reports Q3 net income of $21M, diluted EPS of $0.64
PATKPatrick Industries Inc
Patrick Industries reported third-quarter net sales of $975 million and operating income of $50 million for the period ended September 27, 2026. Diluted earnings per share were $0.64, down from $1.01 in the prior-year quarter, while adjusted diluted EPS rose to $1.03 from $1.01. Revenue growth in Marine (+14%) and Powersports (+30%) offset a 15% decline in RV sales. The company returned $15 million to shareholders via regular quarterly dividends and reported available liquidity of $716 million with a net leverage ratio of 2.9x. Patrick Industries is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports, and Housing markets.