Patrick Industries (PATK) Q2 2026: Marine and Powersports Offset RV Slump
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Patrick Industries cleared Q2 expectations with Marine and Powersports growth of 22% and 28% respectively offsetting a 15% collapse in RV revenue, signaling that its diversification strategy can absorb severe sector-specific downturns without stumbling. The diversified supplier beat EPS by 4.4% and revenue by 4.7%, though adjusted EBITDA dipped due to RV headwinds and merger-related costs ahead of its all-stock combination with LCI Industries.
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Patrick Industries reported Q2 2026 earnings per share of $1.29, beating the $1.24 consensus estimate by about 4.4%. Revenue came in at roughly $1.04 billion, topping expectations by 4.7% and continuing a pattern of quarterly results that have held close to or above the $1 billion mark for the past two years.
The headline story is a sharp divergence across business segments. Marine revenue grew 22% and Powersports jumped 28%, providing enough lift to absorb a steep 15% decline in RV revenue. That mix shift demonstrates the practical value of Patrick's diversification push — a single-segment supplier facing that kind of RV downturn would have had a much harder quarter.
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Adjusted EBITDA still felt the pressure, dipping on the combination of RV headwinds and costs tied to the company's planned all-stock merger with LCI Industries. That transaction remains a key variable to watch: until it closes, merger-related charges will continue to weigh on profitability metrics even as the top-line beat holds.
Mentioned: PATK