Patrick Industries (PATK) Investor presentation summary

Scale and diversification

• Q3 2026 TTM net sales were $3.9B: RV 41%, housing 30%, marine 17%, and powersports 12%.

• Revenue CAGR was 18% and adjusted diluted EPS CAGR was 34% from 2010 to Q3 2026 TTM.

• The platform spans 85+ brands and 25 states, serving outdoor enthusiast and housing markets.

Financial performance

• Versus FY 2019, Q3 2026 TTM net sales rose 69% to $3.938B and adjusted diluted EPS rose 65% to $4.25.

• Gross margin increased 520 bps to 23.3%; adjusted operating margin rose 20 bps to 6.8%; adjusted EBITDA margin increased 160 bps to 11.7%.

• RV and marine wholesale shipments were down 25% and 27%, respectively, versus FY 2019, while RV revenue rose 25% and marine revenue 108%.

• Q3 2026 net sales were $975M, adjusted operating margin 6.8%, adjusted diluted EPS $1.03, and adjusted EBITDA $116M at an 11.9% margin.

End-market performance

• RV Q3 2026 TTM revenue was $1.6B, down 8% YoY; wholesale shipments fell 13%, while content per unit increased 4%.

• Marine Q3 2026 TTM revenue was $683M, up 18% YoY; wholesale shipments rose 8% and content per unit increased 20%.

• Powersports Q3 2026 TTM revenue was $463M, up 31% YoY; utility-focused demand, cab-enclosure adoption, and premium audio wins supported growth.

• Housing Q3 2026 TTM revenue was $1.2B, down 1% YoY; manufactured-housing wholesale shipments increased 2% in Q3.