PATRICK INDUSTRIES INC
For the period ended Jun 28, 2026. Filed Aug 6, 2026.
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.
Jun 28, 2026 · Filed Aug 6, 2026
PATK$78.79-5.2%Stored close · as of Nov 6, 2026
Contents
Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| ($ and shares in thousands, except per share data) | June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 |
| Net sales | $1,041,704 | $1,047,554 | $2,038,876 | $2,050,974 |
| Cost of goods sold | 794,129 | 796,922 | 1,564,441 | 1,571,751 |
| Gross profit | 247,575 | 250,632 | 474,435 | 479,223 |
| Operating expenses: | ||||
| Warehouse and delivery | 50,608 | 46,075 | 95,640 | 90,657 |
| Selling, general and administrative | 96,188 | 93,206 | 189,284 | 187,137 |
| Amortization of intangible assets | 23,744 | 24,629 | 47,754 | 49,138 |
| Total operating expenses | 170,540 | 163,910 | 332,678 | 326,932 |
| Operating income | 77,035 | 86,722 | 141,757 | 152,291 |
| Interest expense, net | 18,978 | 18,869 | 37,366 | 37,981 |
| Other expenses | — | 24,420 | — | 24,420 |
| Income before income taxes | 58,057 | 43,433 | 104,391 | 89,890 |
| Income taxes | 14,636 | 10,997 | 21,490 | 19,216 |
| Net income | $43,421 | $32,436 | $82,901 | $70,674 |
| Basic earnings per common share | $1.36 | $1.00 | $2.57 | $2.17 |
| Diluted earnings per common share | $1.28 | $0.96 | $2.37 | $2.07 |
| Weighted average shares outstanding – Basic | 31,913 | 32,520 | 32,199 | 32,595 |
| Weighted average shares outstanding – Diluted | 33,973 | 33,823 | 34,993 | 34,116 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| ($ in thousands) | June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 |
| Net income | $43,421 | $32,436 | $82,901 | $70,674 |
| Other comprehensive income (loss), net of tax: | ||||
| Foreign currency translation gain (loss) | 31 | (6) | 42 | (2) |
| Other | (256) | — | (216) | — |
| Total other comprehensive loss | (225) | (6) | (174) | (2) |
| Comprehensive income | $43,196 | $32,430 | $82,727 | $70,672 |
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