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Patrick Industries has reaffirmed its commitment to its all-stock merger with LCI Industries following news that LCI received an unsolicited, nonbinding acquisition proposal from Monomoy Capital Partners.
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Patrick Industries reported net sales of $975 million for the third quarter of 2026, with growth in its Powersports, Marine, and Housing segments partially offsetting a decline in RV revenue.
Filed: 2026-10-29 AccNo: 0000076605-26-000106 Size: 494 KB Item 2.02: Results of Operations and Financial Condition Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Truist Securities has revised its price target for Patrick Industries, lowering it from $108 to $88 while maintaining a Buy rating.