Patrick Industries posted Q2 2026 net income of $43 million, up 34%, while diluted EPS rose 33% to $1.28.
Net sales slipped 0.56% to $1.04 billion; operating income fell 11.18% to $77 million, narrowing operating margin by 0.9 percentage point to 7.4%.
Adjusted EBITDA (non-GAAP) declined 6.75% to $126 million; adjusted EBITDA margin tightened 0.8 percentage point to 12.1%.
Operating cash flow in the first six months dropped to $69 million from elevated working-capital investment tied to its composite products growth strategy.
The company signed a definitive agreement with LCI Industries for an all-stock merger; management highlighted diversification offsetting weaker RV demand.
PATK•
