Patrick Industries, Inc. (PATK)

Patrick Industries topped expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 30, with EPS of $1.29 topping the $1.24 estimate, +4.0%, and revenue of $1.042 billion against a $994.9 million estimate, +4.7%. Revenue slipped ~1% year over year to about $1.0 billion (down from roughly $1.0 billion a year ago), while net income rose ~34% to roughly $43 million (up from about $32 million a year ago). Profitability came with a gross margin of ~24% and an operating margin near 7%, translating to roughly $247.6 million of gross profit and about $77 million of operating income. The quarter generated operating cash flow of about $83 million, and the company returned capital through roughly $91 million of share repurchases alongside about $15 million of dividends. For the next period, consensus calls for EPS of $1.05 on revenue of $949.4 million.