Patrick Industries Q2 sales rise 3%, beat estimates

Patrick Industries

31/07/2025 13:19

Overview

Patrick Industries Q2 sales rise 3% to $1.05 bln, beating analyst estimates

Adjusted EPS for Q2 beats expectations at $1.50, reflecting operational strength

Co returns $36.5 mln to shareholders via repurchases and dividends

Outlook

Patrick Industries expects lower wholesale shipments in H2 2025

Company plans strategic acquisitions to leverage improving market conditions

Patrick Industries optimistic about consumer sentiment improving in 2025

Company sees potential growth from pent-up demand in 2026

Result Drivers

RV BUSINESS - 7% revenue growth driven by acquisitions and share gains, offsetting flat industry shipments

HOUSING BUSINESS - 3% revenue growth attributed to increased MH industry unit shipments

MARINE AND POWERSPORTS DECLINES - Revenue decreased due to lower industry shipments, partially offset by favorable OEM attachment rates

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.05 bln
$1.03 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$1.5
$1.4 (7 Analysts)
Q2 EPS
$0.96
Q2 Net Income
$32 mln
Q2 Adjusted EBITDA
$135 mln
Q2 Operating Income
$87 mln


Press Release: ID:nPn88T2wWa

(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.)