Patrick Industries, Inc. Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
Patrick Industries (NASDAQ:PATK) reported second quarter 2026 net sales of $1.04 billion, down less than 1% year over year, as Marine revenue grew 22%, Powersports 28%, and Housing 2%, offsetting a 15% decline in RV revenue tied to a 16% drop in RV wholesale unit shipments.
Operating income was $77 million with a 7.4% margin (adjusted 7.5%), versus 8.3% a year ago. Net income rose 34% to $43 million and diluted EPS increased 33% to $1.28, though adjusted EPS decreased to $1.29 from $1.50. Adjusted EBITDA was $126 million with a 12.1% margin, compared to $135 million and 12.9%.
Operating cash flow for the first half of 2026 was $69 million versus $189 million in 2025, with trailing 12‑month free cash flow of $128 million. Patrick returned $106 million to shareholders in the quarter, including $91 million of share repurchases, and ended with $691 million of liquidity and a 3.0x net leverage ratio. After quarter-end, Patrick signed a definitive all-stock merger agreement with LCI Industries.
Positive
- Net income +34% to $43 million; diluted EPS +33% to $1.28
- Strong segment growth: Marine +22%, Powersports +28%, Housing +2% revenue
- Shareholder returns: $106 million in Q2 2026, including $91 million buybacks
- Content per unit gains: RV +7%, Marine +22% on trailing twelve-month basis
- Liquidity and scale: $691 million available liquidity; Q2 net sales $1.04 billion
Negative
- RV exposure: RV revenue down 15% on 16% lower industry shipments
- Margin compression: operating margin fell to 7.4% from 8.3%
- Adjusted profitability down: adjusted EPS $1.29 vs. $1.50; EBITDA $126M vs. $135M
- Weaker cash generation: first-half operating cash flow $69M vs. $189M prior year
- Higher leverage: total debt about $1.4B; net leverage ratio at 3.0x
AI-generated analysis. How Rhea-AI works. Not financial advice.
Second Quarter 2026 Highlights (compared to Second Quarter 2025 unless otherwise noted)
- Net sales were
$1.04 billion $1.05 billion 22% in Marine,28% in Powersports, and2% in Housing predominantly offset the impact of a15% decline in RV end market revenue, driven by a16% decline in RV industry wholesale unit shipments. - Patrick's RV content per unit (on a trailing 12-month basis) increased
7% , while estimated Marine content per unit (on a trailing 12-month basis) grew22% . - Operating income was
$77 million 7.4% compared to operating income of$87 million 8.3% in the prior-year period. On an adjusted basis1, operating margin was7.5% compared to8.3% in the prior-year period. - Net income increased
34% to$43 million 33% to$1.28 $44 million $1.29 $51 million $1.50 - Reported and adjusted diluted EPS1 include the dilutive impact of convertible notes and related warrants of approximately
$0.07 $0.03 - Adjusted EBITDA1 was
$126 million 12.1% compared to adjusted EBITDA1 of$135 million 12.9% in the prior-year period. - On a year-to-date basis, cash flow provided by operating activities was
$69 million $189 million $128 million . - Returned
$106 million $15 million $91 million - Available liquidity was
$691 million - Subsequent to the end of the second quarter, as previously announced on June 30, 2026, the Company signed a definitive agreement with LCI Industries to combine in an all-stock merger. Please visit www.patrickandlipperttogether.com for information regarding the transaction.
"Our second quarter results underscore the strength and resilience of our diversified platform, the continued dedication of our team, and our focus on continuing to drive both organic and strategic growth despite uncertain and volatile market conditions," said Andy Nemeth, Chief Executive Officer. "Our strategic diversification across distinct end markets continued to support our overall performance in what has been a challenging consumer discretionary environment. Growth in our Marine, Powersports, and Housing businesses largely offset a double-digit percentage decline in our RV end market revenue amid equally soft RV industry wholesale unit shipments. Despite this uncertainty, we remain encouraged by the level of discipline across the value chain in each of our markets, as our teams, the OEMs we serve, and dealers continue to focus on measured production schedules and prudent inventory management, supporting healthy long-term industry dynamics. Across Patrick, we are staying close to our customers, investing in innovation, and driving additional operational efficiencies, while preserving the flexibility to exceed customer expectations."
Net sales of
Operating income was
Net income increased
Jeff Rodino, President, said, "Our strategic investments have positioned Patrick to better support our customers in more ways than ever before. As our OEM customers continue to focus on affordability, efficiency, labor productivity, product differentiation and managing retail demand patterns, we are bringing forward solutions in partnership that are practical, scalable, and aligned with the needs of today's market. Whether through new product development, component and composite solutions, electrical systems, aftermarket capabilities, advanced manufacturing, value engineering, or The Experience, our teams are working directly with customers to help solve the challenges that matter most to their businesses. Our solutions-oriented approach supports organic growth while helping customers deliver more value to the end consumer. While near-term demand conditions remain challenging, we believe our portfolio of brands, technical expertise, and ability to execute across our end markets continue to reinforce Patrick as a trusted partner across business cycles."
Second Quarter 2026 Revenue by Market Sector
(compared to Second Quarter 2025 unless otherwise noted)
RV (
- Revenue of
$407 million 15% while RV industry wholesale unit shipments decreased16% . - Content per wholesale RV unit (on a trailing twelve-month basis) increased
7% to$5,303
Marine (
- Revenue of
$191 million 22% compared to flat estimated wholesale powerboat industry unit shipments. - Estimated content per wholesale powerboat unit (on a trailing twelve-month basis) increased
22% to$4,883 5% when compared to the first quarter of 2026.
Powersports (
- Revenue of
$123 million 28% driven by continued demand for utility-focused units, increased OEM penetration, and stronger attachment rates for Sportech's cab enclosure solutions and other premium vehicle content, including audio.
Housing (
- Revenue of
$320 million 2% ; estimated wholesale MH industry unit shipments decreased8% ; total housing starts decreased1% . - Estimated content per wholesale MH unit (on a trailing twelve-month basis) of
$6,673 1% compared to the first quarter of 2026.
Balance Sheet, Cash Flow and Capital Allocation
For the first six months of 2026, cash provided by operating activities was
Patrick returned
Total debt at the end of the second quarter was approximately
Business Outlook and Summary
"Our long-term strategy and confidence in Patrick's value creation opportunity remain unchanged, even as we take a prudent view of the balance of the year given the continued macroeconomic uncertainty across our end markets," continued Mr. Nemeth. "We are not relying on a near-term market rebound and are focused on the actions within our control: staying close to our customers, delivering cost-effective product solutions, aligning our cost structure appropriately, advancing high-value growth initiatives, actioning M&A opportunities within our key markets and in alignment with our strategic plan, and continuing to strengthen the capabilities that differentiate Patrick in the marketplace. This focused mindset allows us to manage through near-term uncertainty while building a stronger, more agile platform for the future. With our diversified business model, solid balance sheet, entrepreneurial and customer-first culture, and proven execution capabilities, we believe Patrick is well positioned to deliver long-term profitable growth and shareholder value creation. Consistent with Patrick's long-term vision and strategy, we are excited about the enhanced value proposition the combination with LCI Industries will create for our stakeholders once the transaction is closed, and believe it can enable us to more effectively partner with OEMs to achieve their goals, while driving long-term profitable growth and enhanced shareholder value."
1 See additional information at the end of this release regarding non-GAAP financial measures.
Conference Call Webcast
Patrick Industries will host an online webcast of its second quarter 2026 earnings conference call that can be accessed on the Company's website, www.patrickind.com, under "Investors," on Thursday, July 30, 2026 at 10:00 a.m. Eastern Time. A replay will also be available following the call. In addition, a supplemental earnings presentation can be accessed on the Company's website, www.patrickind.com, under "Investors."
About Patrick Industries, Inc.
Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.
Cautionary Statement Regarding Forward-Looking Statements
Information set forth in this communication constitutes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as "anticipate," "believe," "could," "continue," "estimate," "expect," "intend," "may," "should," "will" and "would" or similar words. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to Patrick Industries, Inc. as of the date hereof. The forward-looking statements are based on current expectations and our actual results may differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Factors that could cause actual results to differ materially from those in forward-looking statements included in this press release include, without limitation: adverse economic and business conditions, including cyclicality and seasonality in the industries we sell our products and inflationary pressures; the financial condition of our customers or suppliers; the loss of a significant customer; changes in consumer preferences; declines in the level of unit shipments or reduction in growth in the markets we serve; the availability of retail and wholesale financing for RVs, watercraft and powersports products, and residential and manufactured homes; pricing pressures due to competition; costs and availability of raw materials, commodities and energy and transportation; supply chain issues, including financial problems of manufacturers, dealers or suppliers and shortages of adequate materials or manufacturing capacity; the challenges and risks associated with doing business internationally; challenges and risks associated with importing products, such as the imposition of duties, tariffs or trade restrictions, changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products used in the operation of our business; the ability to manage our working capital, including inventory and inventory obsolescence; the availability and costs of labor and production facilities and the impact of labor shortages; fuel shortages or high prices for fuel; any interruptions or disruptions in production at one of our key facilities; challenges with integrating acquired businesses; the impact of the consolidation and/or closure of all or part of a manufacturing or distribution facility; an impairment of assets, including goodwill and other long-lived assets; an inability to attract and retain qualified executive officers and key personnel; the effects of union organizing activities; the impact of governmental and environmental regulations, and our inability to comply with them; changes to federal, state, local or certain international tax regulations; unusual or significant litigation, governmental investigations, or adverse publicity arising out of alleged defects in products, services, perceived environmental impacts, or otherwise; public health emergencies or pandemics, such as the COVID-19 pandemic; our level of indebtedness; our inability to comply with the covenants contained in our senior secured credit facility; an inability to access capital when needed; the settlement or conversion of our notes; fluctuations in the market price for our common stock; an inability of our information technology systems to perform adequately; any disruptions in our business due to an IT failure, a cyber-incident or a data breach; any adverse results from our evaluation of our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002; certain provisions in our Articles of Incorporation and Amended and Restated By-laws that may delay, defer or prevent a change in control; adverse conditions in the insurance markets; and the impact on our business resulting from wars and military conflicts, such as war in Ukraine and evolving conflict in the Middle East, including, but not limited to conflict with Iran.
Forward-looking statements include, without limitation, statements about the benefits of the proposed transaction between the Company and LCI Industries ("LCI") (the "proposed transaction"), future financial and operating results, the combined company's plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties outside of our control. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all; (2) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed transaction; (3) the risk that the necessary regulatory approvals for the proposed transaction may not be obtained or may be obtained subject to conditions that are not anticipated; (4) risks that any of the closing conditions to the proposed transaction may not be satisfied in a timely manner; (5) risks related to litigation brought in connection with the proposed transaction; (6) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (7) effects of the announcement, pendency or completion of the proposed transaction on the ability of the Company to retain customers and retain and hire key personnel and maintain relationships with suppliers, distributors, advertisers, content providers, vendors and other business partners, and on its operating results and business generally; (8) negative effects of the announcement or the consummation of the proposed transaction on the market price of the Company's common stock; (9) risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction; (10) inherent uncertainties involved in the estimates and assumptions used in the preparation of financial projections; (11) the ability to obtain or consummate financing or refinancing related to the proposed transaction; and (12) the response of the Company or LCI management to any of the aforementioned factors. The Company's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risks related to the proposed transaction.
Discussions of additional risks and uncertainties are contained in the Company's filings with the Securities and Exchange Commission ("SEC"), including but not limited to the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Quarterly Reports on Form 10-Q for subsequent quarterly periods, which are filed with the SEC and available on the SEC's website at www.sec.gov. The Company expressly disclaims any obligation to update, alter, or otherwise revise any forward-looking statements, whether written or oral, as a result of new information, future events, or otherwise, except as required by applicable law. Persons reading this communication are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.
Contact:
Steve O'Hara
Vice President of Investor Relations
oharas@patrickind.com
574.294.7511
PATRICK INDUSTRIES, INC. | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | |||||||
Three Months Ended | Six Months Ended | ||||||
(In thousands, except per share data) | June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 | |||
Net sales | $ 1,041,704 | $ 1,047,554 | $ 2,038,876 | $ 2,050,974 | |||
Cost of goods sold | 794,129 | 796,922 | 1,564,441 | 1,571,751 | |||
Gross profit | 247,575 | 250,632 | 474,435 | 479,223 | |||
Operating Expenses: | |||||||
Warehouse and delivery | 50,608 | 46,075 | 95,640 | 90,657 | |||
Selling, general and administrative | 96,188 | 93,206 | 189,284 | 187,137 | |||
Amortization of intangible assets | 23,744 | 24,629 | 47,754 | 49,138 | |||
Total operating expenses | 170,540 | 163,910 | 332,678 | 326,932 | |||
Operating income | 77,035 | 86,722 | 141,757 | 152,291 | |||
Interest expense, net | 18,978 | 18,869 | 37,366 | 37,981 | |||
Other expenses | — | 24,420 | — | 24,420 | |||
Income before income taxes | 58,057 | 43,433 | 104,391 | 89,890 | |||
Income taxes | 14,636 | 10,997 | 21,490 | 19,216 | |||
Net income | $ 43,421 | $ 32,436 | $ 82,901 | $ 70,674 | |||
Basic earnings per common share | $ 1.36 | $ 1.00 | $ 2.57 | $ 2.17 | |||
Diluted earnings per common share | $ 1.28 | $ 0.96 | $ 2.37 | $ 2.07 | |||
Weighted average shares outstanding - Basic | 31,913 | 32,520 | 32,199 | 32,595 | |||
Weighted average shares outstanding - Diluted | 33,973 | 33,823 | 34,993 | 34,116 | |||
PATRICK INDUSTRIES, INC. | ||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||
(Unaudited) | ||||
($ in thousands) | June 28, 2026 | December 31, 2025 | ||
ASSETS | ||||
Current Assets: | ||||
Cash and cash equivalents | $ 29,160 | $ 26,432 | ||
Trade and other receivables, net | 276,863 | 185,405 | ||
Inventories | 653,255 | 595,265 | ||
Prepaid expenses and other | 63,180 | 66,020 | ||
Total current assets | 1,022,458 | 873,122 | ||
Property, plant and equipment, net | 410,230 | 408,502 | ||
Operating lease right-of-use assets | 227,533 | 199,087 | ||
Goodwill and intangible assets, net | 1,539,053 | 1,582,662 | ||
Other non-current assets | 12,012 | 12,801 | ||
Total assets | $ 3,211,286 | $ 3,076,174 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Current Liabilities: | ||||
Current maturities of long-term debt | $ 6,250 | $ 6,250 | ||
Current operating lease liabilities | 57,977 | 54,956 | ||
Accounts payable | 224,474 | 192,448 | ||
Accrued liabilities | 94,135 | 94,412 | ||
Other current liabilities | 416 | 424 | ||
Total current liabilities | 383,252 | 348,490 | ||
Long-term debt, less current maturities, net | 1,412,496 | 1,282,821 | ||
Long-term operating lease liabilities | 174,717 | 148,889 | ||
Deferred tax liabilities, net | 96,079 | 96,875 | ||
Other long-term liabilities | 13,666 | 14,802 | ||
Total liabilities | 2,080,210 | 1,891,877 | ||
Total shareholders' equity | 1,131,076 | 1,184,297 | ||
Total liabilities and shareholders' equity | $ 3,211,286 | $ 3,076,174 | ||
PATRICK INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | ||||
Six Months Ended | ||||
($ in thousands) | June 28, 2026 | June 29, 2025 | ||
Cash flows from operating activities | ||||
Net income | $ 82,901 | $ 70,674 | ||
Depreciation and amortization | 85,790 | 85,255 | ||
Stock-based compensation expense | 11,986 | 11,300 | ||
Deferred income taxes | (796) | (7,782) | ||
Other adjustments to reconcile net income to net cash provided by operating activities | 1,782 | 2,283 | ||
Change in operating assets and liabilities, net of acquisitions of businesses | (112,756) | 27,737 | ||
Net cash provided by operating activities | 68,907 | 189,467 | ||
Cash flows from investing activities | ||||
Purchases of property, plant and equipment | (36,558) | (38,446) | ||
Business acquisitions and other investing activities | (7,659) | (48,172) | ||
Net cash used in investing activities | (44,217) | (86,618) | ||
Net cash flows used in financing activities | (21,962) | (114,436) | ||
Net increase (decrease) in cash and cash equivalents | 2,728 | (11,587) | ||
Cash and cash equivalents at beginning of year | 26,432 | 33,561 | ||
Cash and cash equivalents at end of period | $ 29,160 | $ 21,974 | ||
PATRICK INDUSTRIES, INC. Earnings Per Common Share (Unaudited)
| ||||||||
The table below illustrates the calculation of earnings per common share:
| ||||||||
Three Months Ended | Six Months Ended | |||||||
(in thousands, except per share data) | June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 | ||||
Numerator: | ||||||||
Net income attributable to common shares | $ 43,421 | $ 32,436 | $ 82,901 | $ 70,674 | ||||
Denominator: | ||||||||
Weighted average common shares outstanding - basic | 31,913 | 32,520 | 32,199 | 32,595 | ||||
Weighted average impact of potentially dilutive convertible notes | 1,275 | 903 | 1,575 | 984 | ||||
Weighted average impact of potentially dilutive warrants | 641 | 199 | 1,012 | 295 | ||||
Weighted average impact of potentially dilutive securities | 144 | 201 | 207 | 242 | ||||
Weighted average common shares outstanding - diluted | 33,973 | 33,823 | 34,993 | 34,116 | ||||
Earnings per common share: | ||||||||
Basic earnings per common share | $ 1.36 | $ 1.00 | $ 2.57 | $ 2.17 | ||||
Diluted earnings per common share | $ 1.28 | $ 0.96 | $ 2.37 | $ 2.07 | ||||
PATRICK INDUSTRIES, INC.
Non-GAAP Reconciliation (Unaudited)
Use of Non-GAAP Financial Metrics
In addition to reporting financial results in accordance with
The following tables reconcile net income to EBITDA, adjusted EBITDA and margins:
Three Months Ended | |||||||||
($ in thousands) | June 28, 2026 | % of Net Sales | June 29, 2025 | % of Net Sales | |||||
Net income | $ 43,421 | 4.2 % | $ 32,436 | 3.1 % | |||||
+ | Depreciation & amortization | 43,013 | 4.1 % | 42,609 | 4.1 % | ||||
+ | Interest expense, net | 18,978 | 1.8 % | 18,869 | 1.8 % | ||||
+ | Income taxes | 14,636 | 1.4 % | 10,997 | 1.0 % | ||||
EBITDA | 120,048 | 11.5 % | 104,911 | 10.0 % | |||||
+ | Stock-based compensation | 6,008 | 0.6 % | 6,051 | 0.6 % | ||||
+ | Merger-related costs | 437 | — % | — | — % | ||||
+ | Loss on sale of business unit | 226 | — % | — | — % | ||||
+ | Legal settlement | — | — % | 24,420 | 2.3 % | ||||
+ | (Gain) loss on sale of property, plant and equipment | (429) | — % | 52 | — % | ||||
Adjusted EBITDA | $ 126,290 | 12.1 % | $ 135,434 | 12.9 % | |||||
Six Months Ended | |||||||||
($ in thousands) | June 28, 2026 | % of Net Sales | June 29, 2025 | % of Net Sales | |||||
Net income | $ 82,901 | 4.1 % | $ 70,674 | 3.4 % | |||||
+ | Depreciation & amortization | 85,790 | 4.2 % | 85,255 | 4.2 % | ||||
+ | Interest expense, net | 37,366 | 1.8 % | 37,981 | 1.9 % | ||||
+ | Income taxes | 21,490 | 1.1 % | 19,216 | 0.9 % | ||||
EBITDA | 227,547 | 11.2 % | 213,126 | 10.4 % | |||||
+ | Stock-based compensation | 11,986 | 0.6 % | 11,300 | 0.6 % | ||||
+ | Acquisition-related transaction costs | — | — % | 64 | — % | ||||
+ | Merger-related costs | 437 | — % | — | — % | ||||
+ | Loss on sale of business unit | 226 | — % | — | — % | ||||
+ | Legal settlement | — | — % | 24,420 | 1.2 % | ||||
+ | (Gain) loss on sale of property, plant and equipment | (584) | — % | 2,094 | — % | ||||
Adjusted EBITDA | $ 239,612 | 11.8 % | $ 251,004 | 12.2 % | |||||
The following table reconciles cash flow from operations to free cash flow on a trailing twelve-month basis:
Trailing Twelve Months Ended | ||||
($ in thousands) | June 28, 2026 | June 29, 2025 | ||
Cash flows from operating activities | $ 208,854 | $ 343,650 | ||
Less: purchases of property, plant and equipment | (81,033) | (81,717) | ||
Free cash flow | $ 127,821 | $ 261,933 | ||
The following table reconciles operating margin to adjusted operating margin:
Three Months Ended | Six Months Ended | |||||||
June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 | |||||
Operating margin | 7.4 % | 8.3 % | 7.0 % | 7.4 % | ||||
Merger-related costs | 0.1 % | — % | — % | — % | ||||
Adjusted operating margin | 7.5 % | 8.3 % | 7.0 % | 7.4 % | ||||
The following table reconciles net income to adjusted net income and diluted earnings per common share to adjusted diluted earnings per common share:
Three Months Ended | Six Months Ended | ||||||||
($ in thousands, except per share data) | June 28, 2026 | June 29, 2025 | June 28, 2026 | June 29, 2025 | |||||
Net income | $ 43,421 | $ 32,436 | $ 82,901 | $ 70,674 | |||||
+ | Acquisition-related transaction costs | — | — | — | 64 | ||||
+ | Legal settlement | — | 24,420 | — | 24,420 | ||||
+ | Merger-related costs | 437 | — | 437 | — | ||||
+ | Loss on sale of business unit | 226 | — | 226 | — | ||||
- | Tax impact of adjustments | (165) | (6,039) | (165) | (6,055) | ||||
Adjusted net income | $ 43,919 | $ 50,817 | $ 83,399 | $ 89,103 | |||||
Diluted earnings per common share | $ 1.28 | $ 0.96 | $ 2.37 | $ 2.07 | |||||
Legal settlement, net of tax | — | 0.54 | — | 0.54 | |||||
Merger-related costs, net of tax | 0.01 | — | 0.01 | — | |||||
Adjusted diluted earnings per common share | $ 1.29 | $ 1.50 | $ 2.38 | $ 2.61 | |||||
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SOURCE Patrick Industries, Inc.