Patrick Industries Q3 sales rise 6% to $976 million; profit falls to $35 million
Patrick Industries reported third quarter 2025 results on October 30, 2025. Net sales rose 6% to $976 million, driven by acquisitions and organic growth, but operating income fell to $66 million from $74 million and diluted EPS fell to $1.01 from $1.20, so headline revenue and profit moved in opposite directions. The company said the margin decline was partly due to temporary factors, including model-year changeover inefficiencies.
Key points
- Net sales increased 6% to $976 million; revenue rose in all four primary end markets.
- Operating income was $66 million versus $74 million; operating margin was 6.8% versus 8.1%.
- Net income was $35 million, or $1.01 per diluted share, versus $41 million, or $1.20 per diluted share, a year earlier.
- Year-to-date operating cash flow was $199 million versus $224 million; total net leverage ratio was 2.8x.
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 October 30, 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.