Stock of the Day

August 25, 2021

Patrick Industries (PATK)

$81.72
-$1.75 (-2.1%)
Market Cap: $2.68B

About Patrick Industries

Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, appliances, marine accessories, wiring products, electrical and plumbing products, fiber reinforced polyester products; cement siding products, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.

Today's Trend

Patrick Industries, Inc. (NASDAQ: PATK) shares have decreased as investors weigh a quarterly earnings beat against weaker year-over-year results and a subdued operating backdrop.

  • Patrick Industries reported second-quarter 2026 earnings of $1.29 per share, exceeding consensus estimates of $1.23–$1.24. Revenue of approximately $1.04 billion also surpassed expectations of about $995 million. Patrick Industries Reports Second Quarter 2026 Financial Results
  • The earnings call, presentation and follow-up coverage are refocusing attention on demand trends across Patrick’s Outdoor Enthusiast and Housing markets, with investors looking for evidence that the company can sustain performance despite uneven end-market conditions. Patrick Industries Q2 2026 Earnings Call Transcript
  • Despite beating estimates, quarterly EPS declined from $1.50 a year earlier, while revenue fell approximately 0.6% year over year. The company’s 3.74% net margin also highlights limited profitability, which may be contributing to investor caution. Patrick Industries Q2 Earnings and Revenues Surpass Estimates
  • The stock is trading near its one-year low and below both its 50-day and 200-day moving averages, suggesting that the earnings beat has not yet overcome broader concerns about growth and operating momentum.
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