Patrick Industries Q2 sales beat on Marine unit strength

Patrick Industries

30/07/2026 13:10

Overview
US component solutions provider's Q2 sales declined less than 1% but beat analyst expectations
Q2 adjusted EBITDA missed analyst expectations
Revenue growth in marine, powersports, and housing offset RV revenue decline from lower industry shipments

Outlook
Company says it is taking a prudent view for the balance of the yr amid macro uncertainty
Patrick Industries expects challenging near-term demand conditions across its end markets
Company says merger with LCI Industries expected to drive long-term profitable growth

Result Drivers
RV WEAKNESS - Revenue from RV segment fell 15% due to a 16% decline in industry wholesale unit shipments
MARINE AND POWERSPORTS GROWTH - Marine revenue rose 22% and powersports revenue increased 28%, driven by higher content per unit and demand for premium vehicle content
OPERATING MARGIN PRESSURE - Operating margin declined due to lower RV shipments, higher oil and fuel prices, and merger-related costs

Company press release: ID:nPn8wLYJ2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.04 bln
$1.007 bln (9 Analysts)
Q2 EPS
 
$1.28
 
Q2 Net Income
 
$43 mln
 
Q2 Adjusted EBITDA
Miss
$126 mln
$130.19 mln (8 Analysts)
Q2 Operating Income
 
$77 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Patrick Industries Inc is $114.00, about 31.6% above its July 29 closing price of $86.62
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
July 29 - Camping World cuts 2026 adjusted EBITDA outlook on weaker RV industry trends
July 30 - Brunswick Q2 sales beat on steady OEM orders
July 30 - Sonic Automotive Q2 revenue beats estimates on powesports segment growth

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)