Patrick Industries Q2 sales rise 3%, beat estimates
Overview
Patrick Industries 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 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/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $1.05 bln | $1.03 bln (8 Analysts) |
Q2 Adjusted EPS | Beat | $1.5 | $1.4 (7 Analysts) |
Q2 EPS |
| $0.96 |
|
Q2 Net Income |
| $32 mln |
|
Q2 Adjusted EBITDA |
| $135 mln |
|
Q2 Operating Income |
| $87 mln |
|
Press Release: ID:nPn88T2wWa
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