Patrick Industries, Inc. Reports Third Quarter 2026 Financial Results

Andy Nemeth, Chief Executive Officer of Patrick Industries

“Our strategic market diversification and business model, in addition to our focus on innovation and product solutions for customers, continued to drive resilient results in the third quarter”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“Our team drove revenue growth in our Marine, Powersports, and Housing businesses, delivering consolidated net sales in line with the prior year, despite lower revenue in our RV business resulting from a decline in RV industry wholesale unit shipments.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“We remain focused on managing what is in our control, including making strategic adjustments to preserve the capacity, capabilities, and talent needed to serve our customers today and in the future.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“We are continuing to drive our capital allocation strategy as a result of our strong cash flow generation to invest in strategic opportunities that we believe can deliver meaningful value for our customers, team members, and shareholders over the long-term.”

Jeff Rodino, President of Patrick Industries

“Our markets remain dynamic with continued macroeconomic headwinds, including high interest rates, elevated fuel costs and inflation, resulting in a further softening in consumer confidence.”

Jeff Rodino, President of Patrick Industries

“In Marine, our team has been successful in gaining content through new product and solution innovation, while benefitting from relative strength at the premium end of the market.”

Jeff Rodino, President of Patrick Industries

“Our Powersports business continued to see sustained strength in utility vehicle demand, which aligns well with our cab enclosure offerings.”

Jeff Rodino, President of Patrick Industries

“RV OEMs and dealers have remained disciplined in managing field inventory levels in response to lower retail demand.”

Jeff Rodino, President of Patrick Industries

“Importantly, we continue to invest in advanced manufacturing and innovation to bring new products and solutions to market.”

Jeff Rodino, President of Patrick Industries

“This quarter, we launched Patrick Printing Solutions, a direct-to-panel printing platform that applies high-resolution graphics and physical textures directly onto composite, wood, and other substrates, giving customers greater design flexibility and the ability to differentiate across both value and premium price points.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“We continue to advance Patrick's full-solutions vision by combining innovative products and components, differentiated technologies, and advanced manufacturing capabilities, even as the near-term demand environment remains uneven.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“The benefits of the expanded products and solutions we bring to our customers, in alignment with our engineering and design capabilities, are intended to compound over time and we believe they will enhance our financial performance while allowing for better partnerships with customers to help address product affordability for the end consumer.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“In addition, we are investing in engineering and emerging technologies, including prudent AI expenditures, that we expect will deepen our connection to the markets we serve, sharpen our ability to collaborate with OEM customers, and help shape the next generation of experiences for outdoor enthusiasts.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“As we begin to shift our focus to 2027, we remain excited about the value-added opportunity related to our pending all-stock merger with LCI Industries, which we believe will enhance our existing strategy and vision as well as the long-term value proposition for our customers, our team members, our shareholders, and the communities we serve.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“We are committed to being great partners to our customers and team members and good stewards to our markets and ecosystem.”

Andy Nemeth, Chief Executive Officer of Patrick Industries

“Finally, I want to thank our team members for their unwavering commitment to Patrick's BETTER Together values and executing against our strategic initiatives, which we believe will drive long-term profitable growth and value for our stakeholders.”