Patrick Industries

Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lightning products, and other miscellaneous products. The company was founded in 1959 and is headquartered in Elkhart, IN.

Earnings data Q1 2021

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Patrick Industries reports record 2022 results, eyes growth opportunities

Patrick Industries had a strong 2022, with growth in net sales, operating cash flow, and adjusted EBITDA. Despite challenges in RV production, the company's focus on marine and housing businesses paid off. Looking ahead to 2023, the company aims to maintain margins and drive growth through acquisitions and operational efficiencies.

Patrick Industries reports Q1 revenue decline, focuses on innovation

Patrick Industries navigated challenges in the RV and housing markets but demonstrated strength in the marine sector. The company is focused on driving growth through innovation and efficiency improvements. Effective inventory management and a robust labor force strategy position the company well for future opportunities.

Patrick Industries reports robust Q2 performance amidst pricing challenges

Patrick Industries showcased strong financial performance in Q2 2023, with revenue growth and effective cost management strategies.
While facing challenges such as pricing declines and production uncertainties, the company is leveraging strengths in marine business resilience and cost reduction efforts.
Opportunities in M&A, pricing stability, and inventory rebuild present avenues for growth and stability in the RV and marine markets.
Overall, Patrick Industries remains focused on innovation, financial stability, and leveraging market diversification for continued success.

Patrick Industries reports Q3 resilience amidst market challenges

Patrick Industries showcased resilience and adaptability in Q3 2023, with cost savings initiatives boosting margins despite sales declines.
While facing challenges in RV, marine, and housing sectors, the company remains confident in its ability to navigate obstacles and drive sustainable growth.
Stable valuations, labor rates, and a strong cash position position Patrick Industries well for acquisitions and sustained growth in the coming year.

Patrick Industries achieves record performance in 2023, eyes growth

Patrick Industries' robust financial results in 2023 reflect resilience amidst challenges, with a focus on driving growth through strategic acquisitions and operational enhancements. The company remains optimistic about leveraging current operations, improving margins, and pursuing growth opportunities in the near and long term.

Patrick Industries excels in Q1 2024, eyes growth opportunities

Patrick Industries delivered strong financial results in Q1 2024, with revenue and net income growth. The acquisition of Sportech enhances the company's position in the powersports industry. Operating margin improvement and strategic capital allocation priorities signal a focus on sustainable growth.
Challenges lie in declining RV and marine retail shipments, as well as flat powersports unit shipments. However, opportunities exist in leveraging the Sportech acquisition, driving organic growth in powersports, and resilience in the marine business.

Patrick Industries (PATK) reports robust Q2 results and eyes future growth opportunities

Patrick Industries (PATK) delivered a strong performance in Q2 2024, showcasing revenue growth, increased profitability, and positive cash flow generation.
While facing challenges such as cautious outlooks and specific segment performance concerns, the company remains optimistic about future growth and strategic direction.
With a focus on shareholder returns, liquidity strength, and market opportunities, Patrick Industries (PATK) is poised for continued success and value creation.

Patrick Industries reports solid Q3 performance, eyes growth opportunities

Patrick Industries delivered strong financial results in Q3 2024, supported by revenue and income growth, operational efficiency, and strategic acquisitions.
The company's focus on maintaining a strong balance sheet, optimism for future growth, and market expectations position it well for potential expansion and profitability.
While facing challenges such as margin erosion and integration complexities, Patrick Industries has opportunities to leverage market trends, consumer demand, and strategic acquisitions for future growth.

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Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Patrick Industries (PATK) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ELKHART, Ind., April 20, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $350 million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.

Patrick Industries, Inc. Announces Closing of $350 Million Senior Notes Offering and New Credit Facility

ELKHART, Ind., April 15, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its first quarter 2021 financial results before the market opens on Thursday, April 29, 2021.

Patrick Industries, Inc. Announces First Quarter 2021 Earnings Release and Conference Call Webcast on April 29, 2021

ELKHART, Ind., April 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the pricing of its previously announced private offering of $350 million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 (the "Securities Act").

Patrick Industries, Inc. Announces Pricing of Private Offering of $350 Million of Senior Notes

ELKHART, Ind., April 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors, up to $350 million aggregate principal amount of senior notes due 2029 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933.

Patrick Industries, Inc. Announces Private Offering of $350 Million of Senior Notes

ELKHART, Ind., April 12, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Hyperform Inc., a leading manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket.

Patrick Industries, Inc. Completes Acquisition of Hyperform Inc.

PATK reported gaudy Q4 revenue growth. RV sales and acquisitions fueled the company. Margins expanded due to increased scale. This narrative could last for a few more quarters.

Patrick Industries Thrives During The Pandemic

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ELKHART, Ind., March 15, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Everett, Washington-based Sea-Dog Corporation, a leading distributor of a comprehensive suite of marine and powersports hardware and accessories to distributors, wholesalers, retailers, on-line providers and manufacturers, and its sister company, Sea-Lect Plastics, which provides plastic injection molding, design, product development and expert tooling to companies and government entities (collectively, "Sea-Dog").

Patrick Industries, Inc. Completes Acquisition of Sea-Dog Corporation and Sea-Lect Plastics

Patrick Industries (PATK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Patrick Industries (PATK) Hits 52-Week High, Can the Run Continue?

Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q4 2020 Results - Earnings Call Transcript

Patrick Industries (PATK) delivered earnings and revenue surprises of 10.07% and 9.55%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Q4 Earnings and Revenues Beat Estimates

ELKHART, Ind., Feb. 11, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle ("RV"), marine, manufactured housing ("MH"), and industrial markets, today reported financial results...

Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

ELKHART, Ind., Jan. 28, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its fourth quarter and full...

Patrick Industries, Inc. Announces Fourth Quarter 2020 Earnings Release and Conference Call Webcast on February 11, 2021

Let's see if Patrick Industries (PATK) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Patrick Industries (PATK) Now?

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ELKHART, Ind., Nov. 30, 2020 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Taco Metals, LLC ("Taco"), a leading manufacturer of boating products including rub rail systems, canvas and tower...

Patrick Industries, Inc. Completes Acquisition of Taco Metals, LLC

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PATK vs. ROAD: Which Stock Is the Better Value Option?

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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q3 2020 Results - Earnings Call Transcript

Patrick Industries (PATK) delivered earnings and revenue surprises of 24.62% and 5.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Tops Q3 Earnings and Revenue Estimates

ELKHART, Ind., Oct. 15, 2020 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its third quarter and nine...

Patrick Industries, Inc. Announces Third Quarter 2020 Earnings Release and Conference Call Webcast on October 29, 2020

Patrick Industries (PATK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Patrick Industries (PATK) Earnings Expected to Grow: What to Know Ahead of Q3 Release

As of late, it has definitely been a great time to be an investor in Patrick Industries.

Patrick Industries' Shares March Higher, Can It Continue?

Does Patrick Industries (PATK) have what it takes to be a top stock pick for momentum investors? Let's find out.

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