Patrick Industries (PATK) Q2 Earnings Surpass Estimates

Core Insights - Patrick Industries reported quarterly earnings of $1.5 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and showing an increase from $1.44 per share a year ago, resulting in an earnings surprise of +6.38% [1] - The company posted revenues of $1.05 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.01%, but up from $1.02 billion year-over-year [2] - Patrick Industries shares have increased by approximately 21.7% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.08 on revenues of $892.5 million, and for the current fiscal year, it is $4.27 on revenues of $3.79 billion [7] - The estimate revisions trend for Patrick Industries was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Patrick Industries belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Champion Homes, is expected to report quarterly earnings of $0.88 per share, reflecting a year-over-year decline of -3.3%, with revenues projected at $643.2 million, up 2.5% from the previous year [9][10]