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Recent Updates — PATK

September 10, 2026View Source ↗

Patrick Industries, Inc. filed a Form 8-K to disclose regulatory developments regarding its proposed merger with LCI Industries. On September 4, 2026, the company voluntarily withdrew its Hart-Scott-Rodino (HSR) Act notification and refiled it on September 9, 2026, initiating a new waiting period under antitrust laws. This refiling is a condition to closing the merger, which involves Patrick Industries acquiring LCI Industries through a two-step merger process. The transaction remains subject to other closing conditions outlined in the Merger Agreement. Patrick Industries, Inc. operates in the recreational vehicle and marine industry, manufacturing components such as slide-outs, roofs, and flooring systems.

August 10, 2026View Source ↗

Patrick Industries, Inc. filed Premerger Notification and Report Forms with the Federal Trade Commission and the U.S. Department of Justice on August 5, 2026, pursuant to the Hart-Scott-Rodino Antitrust Improvements Act in connection with its proposed acquisition of LCI Industries. This filing satisfies a condition precedent for the completion of the Mergers, which involve Patrick merging LCI into a subsidiary and subsequently merging that subsidiary into another entity. The transaction remains subject to other closing conditions set forth in the Merger Agreement dated June 30, 2026. Patrick Industries, Inc. manufactures recreational vehicle components and accessories.

July 30, 2026View Source ↗

Patrick Industries reported second quarter 2026 net sales of $1.04 billion, a slight decline from the prior year, driven by a 15% drop in RV end market revenue that was offset by growth in Marine (22%), Powersports (28%), and Housing (2%) segments. Operating income fell to $77 million with an operating margin of 7.4%, while net income rose 34% to $43 million, or $1.28 per diluted share. The company returned $106 million to shareholders via $15 million in dividends and $91 million in share repurchases, ending the quarter with $691 million in available liquidity and a net leverage ratio of 3.0x. Additionally, Patrick confirmed its previously announced definitive agreement to merge with LCI Industries in an all-stock transaction.

June 30, 2026View Source ↗

Patrick Industries, Inc. entered into a merger agreement with LCI Industries to combine via a two-step merger process. LCI shareholders will receive 1.2440 shares of Patrick Industries common stock for each LCI share held, resulting in a combined entity where original Patrick Industries shareholders will own approximately 52% and LCI shareholders will own approximately 48%. The transaction is subject to several conditions including stockholder and regulatory approvals. Patrick Industries, Inc. is a manufacturer of components for the recreational vehicle industry.