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Patrick Industries Reports Mixed Quarter, Diversified Growth Offsets Rv Weakness
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InkFreeNews.com
The Elkhart-based manufacturer said revenue in its marine business increased 22% from the second quarter of 2025, while powersports sales rose 28% and housing revenue increased 2%.
Those gains largely countered a 15% decline in RV revenue, reflecting a 16% drop in industry wholesale RV shipments.
Operating income fell to $77 million from $87 million a year earlier, while the operating margin narrowed to 7.4% from 8.3%.
Patrick returned $106 million to shareholders during the quarter through dividends and share repurchases and ended the period with $691 million in available liquidity.
Jeff Rodino, president, said, “Our strategic investments have positioned Patrick to better support our customers in more ways than ever before.