Overview

* Patrick Industries ( PATK ) Q2 sales rise 3% to $1.05 bln, beating analyst estimates

* Adjusted EPS for Q2 beats expectations at $1.50, reflecting operational strength

* Co returns $36.5 mln to shareholders via repurchases and dividends

Outlook

* Patrick Industries expects lower wholesale shipments in H2 2025

* Company plans strategic acquisitions to leverage improving market conditions

* Patrick Industries ( PATK ) optimistic about consumer sentiment improving in 2025

* Company sees potential growth from pent-up demand in 2026

Result Drivers

* RV BUSINESS - 7% revenue growth driven by acquisitions and share gains, offsetting flat industry shipments

* HOUSING BUSINESS - 3% revenue growth attributed to increased MH industry unit shipments

* MARINE AND POWERSPORTS DECLINES - Revenue decreased due to lower industry shipments, partially offset by favorable OEM attachment rates

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.05 $1.03

bln bln (8

Analysts

)

Q2 Beat $1.5 $1.4 (7

Adjusted Analysts

EPS )

Q2 EPS $0.96

Q2 Net $32 mln

Income

Q2 $135 mln

Adjusted

EBITDA

Q2 $87 mln

Operatin

g Income

Press Release:

(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.)