Patrick Industries Q3 sales flat at $975 million; diluted EPS falls to $0.64 from $1.01
Patrick Industries reported third-quarter 2026 net sales of $975 million, roughly flat from $976 million a year earlier. RV revenue fell 15%, while Powersports, Marine and Housing grew. Operating income fell to $50 million from $66 million and diluted EPS dropped to $0.64 from $1.01, though adjusted diluted EPS rose to $1.03 from $1.01 after excluding merger-related and other items. The company did not repurchase shares in the quarter because of restrictions tied to its pending all-stock merger with LCI Industries.
Key points
- Net sales were $975 million versus $976 million; RV revenue fell 15%, while Powersports rose 30%, Marine 14% and Housing 4%.
- Operating income was $50 million versus $66 million, and operating margin was 5.1% versus 6.8%.
- Diluted EPS was $0.64 versus $1.01; adjusted diluted EPS was $1.03 versus $1.01.
- Merger-related costs were $14.7 million in the quarter; the LCI Industries shareholder special meeting is scheduled for November 18, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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