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Patrick Industries raised its 2026 revenue and profit guidance after a Q1 that beat expectations. Net sales reached $997 million, slightly down from a year ago, while the company confirmed merger talks with LCI Industries.
Patrick Industries (NASDAQ: PATK), a supplier of components for RVs and residential housing, lifted its 2026 revenue and profit guidance after reporting first-quarter results that exceeded expectations. The improvement is supported by a recovery in RV demand and steady growth in housing and marine segments.
Net sales for the first quarter of 2026 were $997 million, down 0.6% from $1.003 billion a year earlier. RV segment revenue fell 7% to $446 million amid a 12% industry-wide decline in shipments, though content per unit (trailing 12 months) rose 8% to $5,277. Marine revenue increased 14% to $170 million, and Powersports revenue grew 28% to $104 million.
The company confirmed it is in discussions with LCI Industries regarding a potential merger of equals.
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Patrick Industries, a supplier of components for RVs and manufactured housing, raised its full-year 2026 net sales and earnings guidance after reporti...
Patrick Industries, a supplier of components for RVs and manufactured housing, raised its full-year 2026 net sales and earnings guidance after reporting better-than-expected first-quarter results. The improvement was driven by recovering RV demand and steady growth in marine and housing markets.
Patrick Industries (NASDAQ: PATK) reported net sales of $997 million for Q1 2026, down 0.6% from $1,003 million a year earlier. RV segment revenue fel...
Patrick Industries (NASDAQ: PATK) reported net sales of $997 million for Q1 2026, down 0.6% from $1,003 million a year earlier. RV segment revenue fell 7% to $446 million amid a 12% drop in wholesale industry unit shipments, but content per unit (trailing 12 months) rose 8% to $5,277. Marine revenue grew 14% to $170 million, and Powersports revenue increased 28% to $104 million. The company confirmed it is in discussions with LCI Industries regarding a potential merger of equals.
Updated: 25.07.2026
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Patrick Industries and LCI Industries (Lippert) have agreed to an all-stock merger valued at $3.52 billion. LCI shareholders will receive 1.244 Patrick shares for each of their shares. The deal is expected to close in the first half of 2027.
Two major RV component suppliers, LCI Industries and Patrick Industries, have confirmed discussions about a potential merger of equals. The deal could reshape the supply chain for RV manufacturers.
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Patrick Industries Inc. reported financial results for the second quarter of 2026. Net sales were $1.04 billion, slightly down from $1.05 billion in the prior-year period. Revenue growth in Marine (22%), Powersports (28%), and Housing (2%) largely offset a 15% decline in RV end market revenue, driven by a 16% drop in RV industry wholesale unit shipments. Net income increased 34% to $43 million, and diluted EPS rose 33% to $1.28. The company also announced a merger agreement with LCI Industries.
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