PATRICK INDUSTRIES INC
For the period ended Mar 29, 2026. Filed May 7, 2026.
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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.
Mar 29, 2026 · Filed May 7, 2026
PATK$78.79-5.2%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Statements of Income for the Three Months Ended March 29, 2026 and March 30, 2025 (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Three Months Ended | ||
|---|---|---|
| ($ and shares in thousands, except per share data) | March 29, 2026 | March 30, 2025 |
| Net sales | $997,172 | $1,003,420 |
| Cost of goods sold | 770,312 | 774,829 |
| Gross profit | 226,860 | 228,591 |
| Operating expenses: | ||
| Warehouse and delivery | 45,032 | 44,582 |
| Selling, general and administrative | 93,096 | 93,931 |
| Amortization of intangible assets | 24,010 | 24,509 |
| Total operating expenses | 162,138 | 163,022 |
| Operating income | 64,722 | 65,569 |
| Interest expense, net | 18,388 | 19,112 |
| Income before income taxes | 46,334 | 46,457 |
| Income taxes | 6,854 | 8,219 |
| Net income | $39,480 | $38,238 |
| Basic earnings per common share | $1.21 | $1.17 |
| Diluted earnings per common share | $1.10 | $1.11 |
| Weighted average shares outstanding – Basic | 32,494 | 32,671 |
| Weighted average shares outstanding – Diluted | 36,047 | 34,416 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
| Three Months Ended | ||
|---|---|---|
| ($ in thousands) | March 29, 2026 | March 30, 2025 |
| Net income | $39,480 | $38,238 |
| Other comprehensive income, net of tax: | ||
| Foreign currency translation gain | 11 | 4 |
| Other | 40 | — |
| Total other comprehensive income | 51 | 4 |
| Comprehensive income | $39,531 | $38,242 |
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