ELKHART, Ind. — Patrick Industries Inc., supplier of wood and laminated components for the housing and outdoor enthusiast markets, posted a profit of $47.9 million on net sales of $1.02 billion in the second quarter.

Net sales increased 10% driven by a 17% increase in RV revenue, an 11% increase in housing revenue, and the company’s first quarter acquisition of Sportech. Combined, those segment increases more than offset a 30% decline in Patrick’s Marine revenue.

"Our solid revenue and operating margin improvement in the second quarter reflect the strategic diversification investments we have made over the last several years as well as our cost management initiatives and capital expenditures related to automation projects," said Andy Nemeth, CEO. "I am proud of how hard the Patrick team worked in the first half of the year to leverage our variable cost structure and execute operational efficiencies during a time when market and macroeconomic conditions have been so volatile."

Patrick Industries ranks No. 44 in the 2024 FDMC 300.