Patrick Industries, Inc. (PATK) Earnings
Patrick Industries, Inc. is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $1.42. PATK has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +7.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $1.08 | $1.10 | +1.9% | $997M | +0.8% |
| Feb 5, 2026 | $0.74 | $0.84 | +13.5% | $924M | -11.6% |
| Oct 30, 2025 | $0.95 | $1.01 | +6.3% | $976M | +13.6% |
| Jul 31, 2025 | $1.41 | $1.50 | +6.4% | $1.0B | +18.2% |
| May 1, 2025 | $0.98 | $1.11 | +13.3% | $1.0B | -5.3% |
| Feb 6, 2025 | $0.79 | $0.52 | -34.2% | $846M | -11.0% |
| Oct 31, 2024 | $1.22 | $1.20 | -1.6% | $919M | +10.5% |
| Aug 1, 2024 | $1.36 | $1.44 | +5.9% | $1.0B | +4.2% |
| May 2, 2024 | $0.88 | $1.19 | +35.2% | $933M | +11.2% |
| Feb 8, 2024 | $0.94 | $0.99 | +5.3% | $781M | +0.8% |
| Oct 26, 2023 | $1.15 | $1.21 | +5.2% | $866M | +3.6% |
| Jul 27, 2023 | $1.26 | $1.29 | +2.4% | $921M | -2.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter results highlight diversified platform strength, innovation, and team dedication. - Marine and power sports revenue growth offset RV and manufactured housing declines. - Disciplined OEMs and dealers keep dealer field inventories lean. - Diverse end market exposure and brand portfolio as advantage. - Advanced product group driving progress on composite and audio solutions. - Technology and innovation investments enhancing operations. - Decentralized structure and sourcing flexibility mitigating tariff impacts. - Excitement about potential merger of equals with LCI Industries. - Digital design studio elevating OEM engagement.
Guidance
- 2026 RV retail down low to mid single digits, wholesale 315,000 - 330,000 units. - Marine retail flat to slightly down, wholesale up low single digits. - Power sports full year unit shipments and organic content up low single digits. - Housing MH wholesale unit shipments and new housing starts down low to mid single digits. - 2026 adjusted operating margin to improve 30 - 50 basis points vs 2025. - Operating cash flow estimated $370 - $390 million, CAPEX $70 - $80 million, free cash flow ~$300 million. - Effective tax rate 24% - 25%.
Segment performance
Consolidated net sales for the quarter were $997 million, off 1% from the first quarter of 2025. RV revenue was $446 million, off 7% (45% of consolidated revenue). Marine revenue increased 14% to $170 million (17% of consolidated net sales). Power sports revenue increased 28% to $104 million (10% of first quarter 2026 consolidated sales). Manufactured housing revenue was $277 million, off 6% (28% of consolidated sales). Trailing 12-month RV CPU up 8% to $5,277, marine content per wholesale powerboat unit up 17% to $4,657, power sports driven by OEM adoption, manufactured housing estimated content per MH unit flat.
Risks & headwinds
- Macroecnomic uncertainty impacting retail demand. - War in Iran, consumer confidence, interest rate uncertainty affecting markets. - Tariff impacts if not managed effectively. - Uncertainty in timing of end market recovery.
Analyst Q&A
Q: Talk about state of retail, production, mix in RV.
A: Retail incrementally better, OEMs measured in production, mix changing but not normalized.
Q: Impact of LCI discussions on M&A strategy.
A: Not impeded, continuing active M&A.
Q: Marine content per unit growth.
A: Driven by innovation, collaborative solution-oriented products.
Q: Manufactured housing end market.
A: Soft, declining due to macroeconomic pressures.
Q: Tariffs and supply chain.
A: Domestic focus, working with suppliers and customers to mitigate.
Q: Operating margin cadence.
A: Second half expected stronger.
Q: Aftermarket cross-selling.
A: Strategy with M&A potential, organic growth opportunity.
Q: Advanced integrated solutions examples.
A: Low-cost tower audio, Helm solutions, roofing and flooring solutions in RV and marine