PATRICK INDUSTRIES INC
For the period ended Sep 28, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2025 · Filed Nov 6, 2025
PATK$78.79-5.2%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Third Quarter Ended | Nine Months Ended | |||
|---|---|---|---|---|
| ($ and shares in thousands, except per share data) | September 28, 2025 | September 29, 2024 | September 28, 2025 | September 29, 2024 |
| Net sales | $975,631 | $919,444 | $3,026,605 | $2,869,560 |
| Cost of goods sold | 754,667 | 706,930 | 2,326,418 | 2,220,897 |
| Gross profit | 220,964 | 212,514 | 700,187 | 648,663 |
| Operating expenses: | ||||
| Warehouse and delivery | 44,449 | 37,865 | 135,106 | 114,053 |
| Selling, general and administrative | 86,022 | 75,783 | 273,159 | 244,617 |
| Amortization of intangible assets | 24,200 | 24,449 | 73,338 | 71,545 |
| Total operating expenses | 154,671 | 138,097 | 481,603 | 430,215 |
| Operating income | 66,293 | 74,417 | 218,584 | 218,448 |
| Interest expense, net | 18,451 | 20,050 | 56,432 | 60,483 |
| Other expenses | — | — | 24,420 | — |
| Income before income taxes | 47,842 | 54,367 | 137,732 | 157,965 |
| Income taxes | 12,539 | 13,501 | 31,755 | 34,122 |
| Net income | $35,303 | $40,866 | $105,977 | $123,843 |
| Basic earnings per common share (1) | $1.09 | $1.25 | $3.26 | $3.80 |
| Diluted earnings per common share (1) | $1.01 | $1.20 | $3.08 | $3.70 |
| Weighted average shares outstanding – Basic (1) | 32,381 | 32,610 | 32,523 | 32,559 |
| Weighted average shares outstanding – Diluted (1) | 35,081 | 33,961 | 34,440 | 33,445 |
(1)The prior year periods reflect the impact of the three-for-two stock split paid in December 2024. See Note 1 "Basis of Presentation and Significant Accounting Policies" for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.