Patrick Industries Q4 revenue up 9%, beats expectations

Patrick Industries

05/02/2026 13:10

Overview

Component solutions provider's Q4 revenue rose 9%, beating analyst expectations

Adjusted EBITDA for Q4 grew 17%, exceeding analyst estimates

Company completed acquisitions of Quality Engineered Services and Egis Group

Outlook

Patrick Industries plans to focus on acquisitions and organic growth in 2026

Company aims to expand aftermarket presence and pursue automation initiatives

Patrick Industries is optimistic about market conditions and potential positive inflection

Result Drivers

ORGANIC CONTENT GAINS - Net sales growth driven by organic content gains in Outdoor Enthusiast markets

DISCIPLINED PRODUCTION - OEMs and dealers maintained disciplined production and inventory levels, aiding content growth

ACQUISITIONS - Completed acquisitions reinforced marine electrical solutions platform

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$924 mln
$856.89 mln (9 Analysts)
Q4 EPS
$0.83
Q4 Net Income
$29 mln
Q4 Adjusted EBITDA
Beat
$105 mln
$98.14 mln (6 Analysts)
Q4 Operating Income
$57 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 $115.00, about 14.6% below its February 4 closing price of $134.71

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nPn59fnSxa

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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.)