www. PowersportsBusiness. com

Powersports Business • October 2025 • 11

Patrick Industries, a leading supplier of components to the RV, marine, manufactured housing, and powersports sectors, reported mixed second-quarter 2025 results, with gains in RV and housing offsetting softer performance in marine and powersports.

For the quarter ended June 29, Patrick posted net sales of $ 1.05 billion, up 3 % from $ 1.02 billion a year ago. Operating income rose 2 % to $ 87 million, with margins flat at 8.3 %. Reported net income fell 32 % to $ 32 million, due to one-time legal expenses. On an adjusted basis, net income improved to $ 51 million versus $ 48 million last year.

MARKET PERFORMANCE

• Marine( 15 %): Revenue dipped 1 % to $ 156 million as powerboat shipments fell 5 %, though content per unit increased 2 % to $ 4,012.

• Powersports( 9 %): Revenue declined 7 % to $ 96 million. Gains in utility vehicle attachment rates helped offset softer overall industry shipments.

Patrick Industries reported mixed second-quarter 2025 results, with gains in RV and housing offsetting softer performance in marine and powersports.

OUTLOOK CEO Andy Nemeth pointed to stronger equity markets and easing tariff uncertainty as potential positives for consumer sentiment. However, he noted that the bulk of the retail selling season for outdoor products, including marine and powersports, is now complete, and expects lower wholesale shipments in the second half of 2025.

Nemeth emphasized that Patrick is positioned to capture demand if it outpaces expectations, and that the company will prioritize acquisitions in late 2025 and 2026 to strengthen its market presence.

“ Our team has delivered solid organic growth in the first half, and we remain focused on driving profitable growth while delivering value for our OEM customers and other stakeholders,” says CEO Andy Nemeth.

SMARTER, ALL-IN-ONE

» Smart Inventory Management

The new Calibro 700 Bagger has quickly become a top seller. The brand promises to keep the pipeline moving with the upcoming 2026 Vettore 450 twin-cylinder ADV, which is set to be revealed soon.( Photo: Moto Morini)

Moto Morini is accelerating its U. S. momentum, with year-to-date retail sales up 82 %, driven by an expanding dealer network and the introduction of new 2026 models.

Leading the charge is the redesigned X-Cape 700 adventure bike and the new Calibro 700 Bagger, which has quickly become a top seller. The brand will keep the pipeline moving with the upcoming 2026 Vettore 450 twin-cylinder ADV, which the company describes as a lightweight, high-performance machine with iconic Italian style.

“ With retail sales topping 82 % year-todate and new 2026 models on showroom floors now, combined with more new models available soon, dealers truly do get more with Moto Morini,” says Chris McGee, chief operating officer of Moto Morini.

Founded in 1937 and headquartered in Milan, Moto Morini combines Italian design and craftsmanship with modern performance. The company’ s North American headquarters is based in Irvine, California, where it continues to expand dealer support and retail presence.

With sales growth outpacing much of the market and more models on the way, Moto Morini is positioning itself as a strong opportunity for U. S. dealers seeking a premium brand with momentum.

» Automated Tasks & Smart Notifications » Turn a Quote into a Sale in One Click » Responsive, Easy-to-Use Website

» Control Your Entire Dealership from One Dashboard

DX1app. com( 800) 700-4391

Lead Manager | Sales | Parts | Service | Website | Accounting | Marketing Tools

• Complete, Mobile-Friendly CRM

• Automated Marketing Tools

• Online Reputation Management Suite

• Major OEM Integrations

• Built-in Unlimited Texting and More!

TrafficLogPro. com | 727-241-4633