Filing Flows › Patrick Industries (PATK) › Q1 2026
Patrick Industries (PATK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Patrick Industries (PATK) reported revenue of $997M for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and +8% from the quarter before. Operating margin was 6.5%, net earnings $39.5M (4.0% of revenue).
Patrick Industries, Q1 2026: revenue $997M (-0.6% year over year), operating margin 6.5%, net earnings $39.5M, operating cash flow −$14.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $997M | +8% | -0.6% |
| Gross profit | $227M | +7% | -0.8% |
| Operating profit | $64.7M | +13% | -1% |
| Net earnings | $39.5M | +36% | +3% |
| Operating cash flow | −$14.0M | -111% | -135% |
What changed
Revenue was $997.2M in Q1 2026, down 1% year over year and up 8% from the previous quarter. Recreational Vehicle was the largest line at 45% of revenue. Recreational Vehicle lost $32.4M year over year (down 7%), 519% of the total change.
Gross margin was 22.8%, unchanged from Q1 2025. Operating profit was $64.7M, a 6.5% margin (unchanged year over year). Operating expenses fell 1% while revenue fell 1%. Net earnings were $39.5M, up 3% year over year. The effective tax rate was 14.8%.
Operating cash flow was −$14.0M. Non-cash charges added back $42.8M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $102.2M. Capital expenditures of $18.9M exceeded it, leaving free cash flow of −$32.9M.
Questions
What was Patrick Industries' revenue in the first quarter 2026?
Patrick Industries (PATK) reported revenue of $997M for the first quarter 2026 (Q1 2026), -0.6% from a year earlier and +8% from the quarter before.
Was Patrick Industries profitable in the first quarter 2026?
Operating profit was $64.7M (6.5% of revenue) and net earnings $39.5M.
Source: Patrick Industries 10-Q on SEC EDGAR.