Revenue: As of FY2026 Q2, the actual value is USD 1.042 B, beating the estimate of USD 994.95 M.

EPS: As of FY2026 Q2, the actual value is USD 1.28, beating the estimate of USD 1.2544.

EBIT: As of FY2026 Q2, the actual value is USD 77.04 M.

Operational Metrics

Second Quarter 2026 (compared to Second Quarter 2025)

• Total net sales were $1.04 billion, a slight decrease from $1.05 billion in the prior-year period. For the six months ended June 28, 2026, net sales were $2,038,876 thousand, down from $2,050,974 thousand in the prior-year period .
• Gross profit for the second quarter of 2026 was $247,575 thousand, compared to $250,632 thousand in the prior-year period. For the six months ended June 28, 2026, gross profit was $474,435 thousand, down from $479,223 thousand .
• Operating income was $77 million, down from $87 million in the prior-year period. For the six months ended June 28, 2026, operating income was $141,757 thousand, compared to $152,291 thousand in the prior-year period .
• Operating margin was 7.4%, down from 8.3% in the prior-year period. On an adjusted basis, operating margin was 7.5%, compared to 8.3% in the prior-year period .
• Net income increased 34% to $43 million. For the six months ended June 28, 2026, net income was $82,901 thousand, up from $70,674 thousand in the prior-year period .
• Adjusted net income was $44 million, compared to $51 million in the prior-year period. For the six months ended June 28, 2026, adjusted net income was $83,399 thousand, compared to $89,103 thousand in the prior-year period .
• Adjusted EBITDA was $126 million, compared to $135 million in the prior-year period. For the six months ended June 28, 2026, adjusted EBITDA was $239,612 thousand, compared to $251,004 thousand in the prior-year period .
• Adjusted EBITDA margin was 12.1%, compared to 12.9% in the prior-year period .

Operating Costs (Three Months Ended June 28, 2026 vs June 29, 2025)

• Warehouse and delivery costs were $50,608 thousand, compared to $46,075 thousand .
• Selling, general and administrative costs were $96,188 thousand, compared to $93,206 thousand .
• Amortization of intangible assets was $23,744 thousand, compared to $24,629 thousand .
• Total operating expenses were $170,540 thousand, compared to $163,910 thousand .

Segment Revenue (Second Quarter 2026 vs Second Quarter 2025)

• RV (39% of Revenue): Revenue was $407 million, a decrease of 15%, alongside a 16% decrease in RV industry wholesale unit shipments .
• Marine (18% of Revenue): Revenue increased 22% to $191 million, while estimated wholesale powerboat industry unit shipments were flat .
• Powersports (12% of Revenue): Revenue increased 28% to $123 million, driven by demand for utility-focused units, increased OEM penetration, and stronger attachment rates for Sportech’s cab enclosure solutions and other premium vehicle content .
• Housing (31% of Revenue, including Manufactured Housing and Industrial): Revenue increased 2% to $320 million. Estimated wholesale MH industry unit shipments decreased 8%, and total housing starts decreased 1% .

Cash Flow

• Cash flow provided by operating activities for the six months ended June 28, 2026, was $69 million, compared to $189 million in the prior-year period, reflecting higher working capital investment .
• Free cash flow on a trailing twelve-month basis through Q2 2026 was $128 million, compared to $262 million in the prior-year period .

Unique Metrics

• RV content per unit on a trailing 12-month basis increased 7% to $5,303, and was flat compared to the first quarter of 2026 .
• Estimated Marine content per unit on a trailing 12-month basis increased 22% to $4,883, and increased 5% compared to the first quarter of 2026 .
• Estimated content per wholesale MH unit on a trailing 12-month basis was $6,673, flat compared to the prior-year period and increased 1% compared to the first quarter of 2026 .
• Patrick Industries, Inc. returned $106 million to shareholders in the second quarter of 2026, including $15 million through dividends and $91 million through share repurchases of 980,000 shares .
• Available liquidity at the end of Q2 2026 was approximately $691 million .
• The total net leverage ratio at the end of Q2 2026 was 3.0x .

Business Outlook and Summary

Patrick Industries, Inc. maintains its long-term strategy and confidence in value creation despite continued macroeconomic uncertainty, focusing on customer relations, cost-effective solutions, and strategic growth initiatives . The company aims to build a stronger, more agile platform through its diversified business model and strong balance sheet, rather than relying on a near-term market rebound . The previously announced all-stock merger with LCI Industries is expected to enhance value, strengthen OEM partnerships, and drive long-term profitable growth .