Patrick Industries stock reports Q2 resilience despite RV slump
Published on 10/04/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Patrick Industries stock reports Q2 resilience despite an RV slump, with the shares last at USD 67.16 on Nasdaq on October 2, 2026. The company generated USD 1.04 billion in second-quarter 2026 revenue, while diversification across marine, powersports and housing offset weaker recreational-vehicle demand.
Marine and powersports offset RV weakness
According to Yahoo Finance in the July 30, 2026 earnings transcript, Q2 revenue was down less than 1 percent year over year, while adjusted diluted EPS reached USD 1.29. Net income rose 34 percent to USD 43 million, compared with USD 32 million in the prior-year quarter.
The revenue mix shows where the protection came from. Marine revenue increased 22 percent to USD 191 million, powersports revenue grew 28 percent to USD 123 million and housing revenue rose 2 percent to USD 320 million, while RV revenue declined 15 percent to USD 407 million. RV wholesale shipments fell 16 percent during the quarter, making the comparison between end markets the central operating signal.
Merger timing adds a regulatory checkpoint
Patrick's proposed all-stock combination with LCI Industries remains targeted for completion in the first half of 2027. A StockTitan summary of the September 29, 2026 filing says Patrick preliminarily targeted a mid-November shareholder vote and expected a formal Department of Justice response on or around October 9, 2026.
The deal therefore adds a measurable timeline to the operating story. The merger vote is targeted for mid-November, while regulatory review remains a condition for completion and creates a counterweight to the company's diversified revenue base.
Analyst targets remain above the quote
On October 2, 2026, Baird analyst Craig Kennison maintained a Hold rating and set a USD 84.00 price target, as reported by Markets Insider. That target is USD 16.84 above the October 2 reference price.
Investing.com lists an analyst consensus of Buy from 11 analysts, with an average 12-month target of USD 108.00, a high of USD 130.00 and a low of USD 85.00. The average target stands USD 40.84 above the October 2 price, while the 52-week range places the stock near its low of USD 66.24.
Patrick Industries stock stays near yearly low
Patrick Industries stock was last at USD 67.16 on Nasdaq on October 2, 2026, up USD 0.60 or 0.90 percent on the session. Market capitalization stood at USD 2.2 billion, with 493,133 shares traded and a 52-week range of USD 66.24 to USD 148.50.
Patrick Industries stock details
- Company: Patrick Industries, Inc.
- ISIN: US7033431039
- Ticker: PATK
- Trading venue: NASDAQ
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 67.16
- Market capitalization: USD 2.2 billion (as of October 2, 2026)
- 52-week range: USD 66.24-148.50 (as of October 2, 2026)
- Sector / Industry: Consumer Cyclical / Recreational Vehicles
Upcoming dates for Patrick Industries stock
- October 9, 2026: potential Department of Justice response on the LCI merger
- October 22, 2026: next earnings report
- Mid-November 2026: preliminary shareholder vote and meeting target for the LCI merger
