Patrick Industries’ RV revenue increased 9% year-over-year in 2025 to $1.8 billion.
The RV sector accounted for 45% of Patrick’s $4 billion in 2025 net sales.
Patrick Industries President Jeff Rodino said strong collaboration with OEMs drove the positive results.
“Throughout the fourth quarter, OEMs and dealers in our outdoor enthusiast markets maintained disciplined production and inventory levels, positioning themselves well for any potential retail inflection in our markets,” Rodino said. “Our team’s close collaboration with customers through a busy model-year changeover season drove meaningful content growth and enabled us to outperform broader industry trends across each of our end markets.”
The company reported fourth-quarter 2025 RV revenue of $392 million, a 10% increase year-over-year. Patrick said full-year content per wholesale RV increased 7% to $5,190.
Patrick made five acquisitions in 2025, including Elkhart Composites, a composite panel product supplier for RV sidewalls and ceilings.
CEO Andy Nemeth said disciplined operating execution and a customer-first focus were responsible for the fourth-quarter results.
“We continued to gain new business and expand content, while advancing our full-solutions model and aftermarket platform through strategic acquisitions and ongoing investment in innovation and automation,” Nemeth said. “Our strong balance sheet and consistent cash flow generation enabled us to reinvest in the business, pursue accretive acquisitions, and return capital to shareholders.”
Overall, 2025 net sales rose 6% from 2024 to $4 billion. Fourth-quarter net sales increased 9% year-over-year to $924 million. Profits totaled $135 million in 2025, down 2% from 2024. Fourth-quarter profits rose 100% from the fourth quarter of 2024 to $29 million.
Patrick Industries said the net sales improvement reflected higher revenue across all markets. Market share gains and 2025 acquisitions drove sales.
Patrick Industries raised its dividend in November. The company said it returned $87 million to shareholders through dividends and share repurchases in 2025.
Nemeth said, “As we enter 2026, our team is well-positioned to execute and scale quickly as market conditions evolve, delivering value to customers across all demand environments.”
