Patrick Industries Q3 2026 net income falls 40% year over year to $21.06 million
PATK•Patrick Industries reported third-quarter 2026 net income of $21.06 million, down 40% year over year, and diluted EPS of $0.64, down 37%. Net sales fell to $975.28 million, while nine-month operating cash flow declined 26% to $146.55 million.
1. Quarterly results
Patrick Industries’ third-quarter 2026 net income fell 40% year over year to $21.06 million. Diluted EPS declined 37% to $0.64, and net sales fell to $975.28 million.
2. Cash flow and merger vote
Nine-month operating cash flow dropped 26% year over year to $146.55 million, reflecting strategic working capital deployment and proactive inventory management. The pending all-stock merger with LCI Industries is scheduled for a shareholder vote at a special meeting on November 18, 2026.
