Patrick Industries (PATK) Earnings: Q3 2026 Results

The quarter ended September 27, 2026 and Patrick Industries published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Patrick Industries reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Patrick's fiscal Q3 2026 ended September 27, 2026 and Q3 2025 ended September 28, 2025.
• Patrick's reportable segments are Manufacturing and Distribution; the table above uses the market breakdown from its 10-Q. Its release groups Manufactured Housing and Industrial together as Housing.
• On June 30, 2026 Patrick agreed to combine with LCI Industries in an all-stock merger. Q3 2026 GAAP results include $14.7 million of merger-related costs, which adjusted EPS excludes.

Source: Patrick Industries Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 27, 2026. Figures as reported; checked against the release on November 10, 2026.

How Patrick Industries splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Patrick Industries's Recreational Vehicle revenue was $362 million in Q3 2026, down 15% from $426 million in Q3 2025, 37% of total revenue.
• Patrick Industries's Marine revenue was $171 million in Q3 2026, up 14% from $150 million in Q3 2025, 18% of total revenue.
• Patrick Industries's Powersports revenue was $128 million in Q3 2026, up 30% from $97.8 million in Q3 2025, 13% of total revenue.
• Patrick Industries's Manufactured Housing revenue was $174 million in Q3 2026, flat on $175 million in Q3 2025, 18% of total revenue.
• Patrick Industries's Industrial revenue was $140 million in Q3 2026, up 10% from $127 million in Q3 2025, 14% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Patrick Industries's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Patrick Industries' net sales were $975.3 million in Q3 2026, against $975.6 million a year earlier. Patrick makes and distributes components for recreational vehicles, boats, powersports vehicles and housing. RV was 37% of revenue at $362.0 million, Marine 18% at $171.4 million, Powersports 13% at $127.6 million, and Housing (manufactured housing plus industrial) 32% at $314 million. (Patrick Industries Q3 2026 release, Oct 29, 2026; Patrick Industries Form 10-Q, Q3 2026, Nov 5, 2026)

RV revenue fell 15% while RV industry wholesale unit shipments fell 13%, and RV dropped to 37% of Patrick's net sales from 44% a year earlier. Trailing twelve-month content per wholesale RV unit rose 4% to $5,263. Patrick said RV OEMs and dealers kept field inventory tight in response to lower retail demand. (Patrick Industries Q3 2026 release, Oct 29, 2026; Patrick Industries Form 10-Q, Q3 2026, Nov 5, 2026)

Growth came from the other markets. Marine revenue rose 14%, against an estimated 8% increase in wholesale powerboat shipments, as estimated content per powerboat rose 20% to $4,942. Powersports revenue rose 30% on higher attachment rates for Sportech cab enclosures and audio and continued demand for utility-focused units. Housing revenue rose 4% while estimated wholesale manufactured housing shipments rose 2% and total housing starts fell 4%. (Patrick Industries Q3 2026 release, Oct 29, 2026)

Patrick's customer base is concentrated in RV makers. Two customers accounted for 12% and 11% of total net sales in Q3 2026, against 13% and 14% a year earlier. Its 10-K names Forest River and Thor as the two RV manufacturers that each account for over 10% of net sales, and says Thor, Forest River and Winnebago together held approximately 86% of towable RV retail market share in 2025. (Patrick Industries Form 10-Q, Q3 2026, Nov 5, 2026; Patrick Industries Form 10-K, 2025, Feb 19, 2026)

Patrick Industries' diluted EPS was $0.64 in Q3 2026, against $1.01, while its adjusted diluted EPS was $1.03, against $1.01. The gap is mostly the pending LCI Industries merger: Patrick's adjusted figures exclude $14.7 million of merger-related costs ($0.34 a share after tax) and $2.0 million of restructuring costs ($0.05). Q3 2025 had no adjustments. (Patrick Industries Q3 2026 release, Oct 29, 2026)

Operating income fell to $49.8 million from $66.3 million and operating margin to 5.1% from 6.8%, as selling, general and administrative expense rose to $107.9 million from $86.0 million. Excluding the merger and restructuring costs, adjusted operating margin was 6.8%, flat. The effective tax rate rose to 32.1% from 26.2%. (Patrick Industries Q3 2026 release, Oct 29, 2026; Patrick Industries Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted weighted average shares fell to 32,655 thousand from 35,081 thousand. Reported and adjusted EPS include about $0.03 a share of dilution from Patrick's convertible notes and related warrants, against $0.07 a year earlier. Patrick did not repurchase shares in the quarter because of restrictions in the merger agreement, and returned $15 million in dividends. (Patrick Industries Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Patrick Industries does not publish a numeric revenue or earnings outlook in its release. Its Q3 2026 release describes the demand environment as uneven and points to the LCI Industries merger as its focus for 2027. (Patrick Industries Q3 2026 release, Oct 29, 2026)

Under the merger agreement, each LCI share will convert into 1.2440 Patrick shares, and existing Patrick shareholders are expected to own approximately 52% of the combined company. Patrick's registration statement was declared effective on October 19, 2026, and its shareholders meet on November 18, 2026 to vote. (Patrick Industries Form 10-Q, Q3 2026, Nov 5, 2026; Patrick Industries Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Patrick Industries, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Patrick Industries's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PATK is on is PATK a buy or a sell?, what analysts expect next is on the PATK forecast, and what the company does is on the Patrick Industries (PATK) stock page.

Every number on this page can be traced to a document Patrick Industries published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.