Patrick Industries Q2 net sales dip slightly to $1.04 billion; EPS rises to $1.28
Patrick Industries reported second-quarter 2026 net sales of $1.04 billion, down slightly from $1.05 billion a year earlier, as growth in Marine, Powersports and Housing offset a 15% drop in RV revenue. Operating income fell to $77 million from $87 million, but diluted EPS rose to $1.28 from $0.96, helped by a $24 million legal settlement that hit the prior-year period. The company also disclosed a definitive all-stock merger agreement with LCI Industries signed after quarter end.
Key points
- Net sales were $1.04 billion versus $1.05 billion; RV revenue fell 15% as RV industry wholesale unit shipments dropped 16%.
- Operating income was $77 million (7.4% margin) versus $87 million (8.3% margin); adjusted diluted EPS was $1.29 versus $1.50.
- Diluted EPS was $1.28 versus $0.96; the prior-year quarter included a $24.4 million legal settlement.
- Returned $106 million to shareholders in the quarter, including $91 million in share repurchases; LCI Industries merger agreement announced June 30, 2026.
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 30, 2026.
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.