Patrick Industries Q2 net income falls 32% to $32 million; sales rise 3%
Patrick Industries reported second quarter 2025 results for the period ended June 29, 2025. Net sales rose 3% to $1.05 billion, but net income fell 32% to $32 million, or $0.96 per diluted share, after a $24.4 million legal settlement; excluding that expense, adjusted diluted EPS was $1.50 versus $1.44 a year earlier.
Key points
- Net sales rose 3%, or $31 million, to $1.05 billion, led by RV (up 7%) and Housing (up 3%) growth.
- Diluted EPS was $0.96 versus $1.44 a year earlier; adjusted diluted EPS was $1.50 versus $1.44.
- Management expects lower wholesale shipments in the second half of 2025 than in the first half, relatively unchanged from its prior view.
- Total net leverage ratio was 2.6x, with available liquidity of approximately $835 million at quarter end.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 July 31, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.