Patrick Industries, Inc. filed its quarterly report on Form 10-Q with the SEC on August 6, 2026, covering the fiscal quarter ended June 28, 2026, reporting net income of $43.4 million on net sales of approximately $1.04 billion.

Key Highlights

  • Net sales: $1,041,704 thousand for the three months ended June 28, 2026, compared to $1,047,554 thousand in the same period of 2025.
  • Net income: $43,421 thousand for the second quarter of 2026, up from $32,436 thousand in the second quarter of 2025.
  • Diluted EPS: $1.28 for the three months ended June 28, 2026, compared to $0.96 in the prior-year period.
  • Six-month net sales: $2,038,876 thousand for the six months ended June 28, 2026, versus $2,050,974 thousand in the comparable 2025 period.
  • Stock repurchases: $106,133 thousand in stock repurchases under the buyback program during the six months ended June 28, 2026.
  • Shares outstanding: 32,118,264 shares of common stock outstanding as of July 31, 2026.
  • Total assets: $3,211,286 thousand as of June 28, 2026, up from $3,076,174 thousand at December 31, 2025.

Patrick Industries Second Quarter 2026: Sales, Earnings, and Balance Sheet Overview

According to the filing, Patrick Industries (NASDAQ: PATK) reported net sales of $1,041,704 thousand for the three months ended June 28, 2026, a slight decrease from $1,047,554 thousand in the same quarter of the prior year. Gross profit for the quarter was $247,575 thousand, compared to $250,632 thousand in the second quarter of 2025. Operating income was $77,035 thousand, down from $86,722 thousand in the year-ago period. The company disclosed net income of $43,421 thousand for the quarter, an increase from $32,436 thousand, with the prior-year quarter having included $24,420 thousand in other expenses not present in the current period.

For the six months ended June 28, 2026, the filing reported net sales of $2,038,876 thousand and net income of $82,901 thousand, compared to $2,050,974 thousand and $70,674 thousand, respectively, for the six months ended June 29, 2025. Diluted earnings per share for the first half were $2.37, versus $2.07 in the comparable prior-year period, according to the filing. The weighted average diluted shares outstanding were 34,993 thousand for the six-month period ended June 28, 2026.

The condensed consolidated balance sheet as of June 28, 2026 showed total assets of $3,211,286 thousand and total liabilities of $2,080,210 thousand, with total shareholders' equity of $1,131,076 thousand. Long-term debt, less current maturities, net, was reported at $1,412,496 thousand, compared to $1,282,821 thousand at December 31, 2025. Net cash provided by operating activities for the six months ended June 28, 2026 was $68,907 thousand, compared to $189,467 thousand in the same period of 2025. The company also reported cash dividends paid to shareholders of $31,208 thousand during the six-month period.

What Was Disclosed

Patrick Industries filed its Form 10-Q for the quarter ended June 28, 2026, disclosing quarterly net sales of approximately $1.04 billion, net income of $43.4 million, diluted EPS of $1.28, total assets of $3.21 billion, and $106.1 million in stock repurchases during the first half of fiscal 2026.