Patrick Industries Q2 sales beat on Marine unit strength - PATK News | Rallies
Patrick Industries Q2 sales beat on Marine unit strength P PATK • 2026-07-30 Outlook
Company says it is taking a prudent view for the balance of the yr amid macro uncertainty
Patrick Industries expects challenging near-term demand conditions across its end markets
Company says merger with LCI Industries expected to drive long-term profitable growth
Overview
US component solutions provider's Q2 sales declined less than 1% but beat analyst expectations
Q2 adjusted EBITDA missed analyst expectations
Revenue growth in marine, powersports, and housing offset RV revenue decline from lower industry shipments
Key Details Metric Beat/Miss Actual Consensus Estimate Q2 Sales Beat $1.04 bln $1.007 bln (9 Analysts) Q2 EPS $1.28 Q2 Net Income $43 mln Q2 Adjusted EBITDA Miss $126 mln $130.19 mln (8 Analysts) Q2 Operating Income $77 mln
Result Drivers
RV weakness - Revenue from RV segment fell 15% due to a 16% decline in industry wholesale unit shipments
Marine and powersports growth - Marine revenue rose 22% and powersports revenue increased 28%, driven by higher content per unit and demand for premium vehicle content
Operating margin pressure - Operating margin declined due to lower RV shipments, higher oil and fuel prices, and merger-related costs
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