Patrick Industries Q3 sales beat on organic growth, acquisitions

Patrick Industries

30/10/2025 12:10

Overview

Patrick Industries Q3 net sales rise 6% to $976 mln, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong underlying performance

Adjusted EBITDA for Q3 beats analyst estimates, indicating operational strength

Outlook

Patrick Industries expects operational investments to enhance performance as demand increases

Company highlights strong balance sheet and cash flow for fiscal 2026

Patrick Industries sees lean channel inventories as a strategic advantage

Result Drivers

ORGANIC GROWTH AND ACQUISITIONS - Net sales increased 6% to $976 mln driven by solid organic growth and acquisitions, despite industry shipment declines

MARKET SHARE GAINS - Higher revenue in all four primary end markets due to market-share gains and acquisitions

MODEL-YEAR CHANGEOVER IMPACT - Operating margin decreased due to temporary inefficiencies related to model-year changeover

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$976 mln
$896.80 mln (9 Analysts)
Q3 Adjusted EPS
Beat
$1.01
$0.93 (8 Analysts)
Q3 EPS
$1.01
Q3 Net Income
$35 mln
Q3 Adjusted EBITDA
Beat
$112 mln
$108.20 mln (7 Analysts)
Q3 Operating Income
$66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "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 $110.00, about 10.1% above its October 29 closing price of $98.89

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn1GkLbla

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(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.)