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.

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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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Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?

Patrick Industries (PATK) Just Overtook the 20-Day Moving Average

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Patrick Industries Inc's (NASDAQ: PATK) board of directors has authorized an increase in the share repurchase program to $50.0 million, including the $14.4 million remaining under the previous authorization. The company to repurchase the shares over the next 24 months.

Patrick Industries Boosts Buyback Authorization To $50M, Declares Dividend

ELKHART, Ind., Aug. 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") announced that on August 12, 2021, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.28 per share.

Patrick Industries, Inc. Announces Declaration of Quarterly Cash Dividend and Increased Share Repurchase Authorization

ELKHART, Ind., Aug. 9, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Nashville, Georgia-based Coyote Mfg.

Patrick Industries, Inc. Completes Acquisition of Coyote Mfg. Co.

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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q2 2021 Results - Earnings Call Transcript

Patrick Industries (PATK) delivered earnings and revenue surprises of 37.70% and 16.06%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Q2 Earnings and Revenues Top Estimates

ELKHART, Ind., July 29, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a leading component solutions provider for the RV, marine, manufactured housing ("MH") and industrial markets today reported financial results for the second quarter ended June 27, 2021.

Patrick Industries, Inc. Reports Second Quarter 2021 Financial Results

Patrick's (PATK) second-quarter results are likely to benefit from strong demand in RV and marine markets.

Patrick (PATK) to Post Q2 Earnings: What's in the Offing?

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In the latest trading session, Patrick Industries (PATK) closed at $78, marking a +0.71% move from the previous day.

Patrick Industries (PATK) Gains But Lags Market: What You Should Know

ELKHART, Ind., July 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 second quarter and six months 2021 financial results before the market opens on Thursday, July 29, 2021.

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

ELKHART, Ind., July 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that Jeffrey M.

Patrick Industries, Inc. Announces Promotion of Jeffrey M. Rodino to President

Patrick Industries (PATK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging 14.7% in 4 Weeks, Here's Why the Trend Might Reverse for Patrick Industries (PATK)

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Strong expansion strategy and revival of the housing market are encouraging for Patrick Industries (PATK).

Patrick's (PATK) Shares Surge 48% Over a Year: Here's Why

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Patrick Industries (PATK) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Patrick Industries (PATK) Is Still Trading at a Bargain

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ELKHART, Ind., May 3, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Alpha Systems, LLC ("Alpha"), a leading manufacturer and distributor of component products and accessories, primarily serving the recreational vehicle ("RV") industry, in addition to the manufactured housing, commercial building and marine markets.

Patrick Industries, Inc. Completes Acquisition of Alpha Systems, LLC

Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2021 Results - Earnings Call Transcript

News for Patrick Industries Stock (PATK)