PATRICK INDUSTRIES INC 8K

Patrick Industries, Inc. furnished its Q2 2026 earnings release on Form 8-K, reporting essentially flat revenue but higher net income and EPS, strong Marine and Powersports growth offsetting RV weakness, significant shareholder returns, and referencing its previously announced all-stock merger agreement with LCI Industries.

Patrick Industries, Inc. filed a Form 8-K to furnish its news release announcing financial results for the second quarter and six months ended June 28, 2026, reporting net sales of approximately $1.04 billion (down less than 1% year-over-year), operating income of $77 million, net income of $43 million (up 34%) and diluted EPS of $1.28, alongside adjusted EBITDA of $126 million and a 12.1% adjusted EBITDA margin. The release highlights mixed end-market performance with double-digit revenue declines in RV offset by strong growth in Marine (22%), Powersports (28%), and modest Housing growth (2%), as well as increased content per unit in RV and Marine. Management details capital allocation actions including $106 million returned to shareholders in the quarter through $15 million of dividends and $91 million of share repurchases, a trailing twelve-month free cash flow of $128 million, total debt of about $1.4 billion and a net leverage ratio of 3.0x against liquidity of $691 million. The company also notes elevated working capital tied to its composite products growth strategy, provides reconciliations of non-GAAP measures such as adjusted net income and adjusted diluted EPS, and reiterates its strategic focus on diversification, operational efficiency, and disciplined cost and capital management amid a challenging consumer discretionary environment. In addition, the release references that, subsequent to quarter end and as previously announced on June 30, 2026, Patrick signed a definitive agreement to combine with LCI Industries in an all-stock merger, positioning the business for enhanced long-term value creation once the transaction closes.

Filing Facts

CIK

76605

Ticker

-

Form

8K

Source Type

sec

Accession

0000076605-26-000069

Alert Tier

7