Patrick Industries Q1 net sales rise 7% to $1.0 billion; diluted EPS $1.11 vs. $1.06
Patrick Industries reported first quarter 2025 net sales up 7% to $1.0 billion, with net income of $38 million and diluted EPS of $1.11, compared with $35 million and $1.06 a year earlier. Adjusted diluted EPS fell to $1.11 from $1.19, and free cash flow over the trailing twelve months dropped to $251 million from $391 million. The company gave no numeric guidance and said rising tariffs have increased macroeconomic uncertainty.
Key points
- Net sales rose 7%, or $70 million, to $1.0 billion; RV revenue rose 14% and Housing revenue rose 7%, while Marine fell 4% and Powersports fell 2%.
- Reported diluted EPS was $1.11 vs. $1.06; adjusted diluted EPS was $1.11 vs. $1.19 in the prior year period.
- Free cash flow on a trailing twelve-month basis was $251 million vs. $391 million a year earlier; total net leverage ratio was 2.7x at quarter end.
- The company repurchased about 99,800 shares for $8.5 million and paid $14 million in regular dividends; $191.5 million remained under its repurchase authorization.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.