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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ELKHART, Ind., July 16, 2020 /PRNewswire/ -- Patrick Industries, Inc.

Patrick Industries, Inc. Announces Second Quarter 2020 Earnings Release and Conference Call Webcast on July 30, 2020

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

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ELKHART, Ind., May 28, 2020 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that Joshua Boone, Chief...

Patrick Industries, Inc. Announces Resignation of Chief Financial Officer; John A.

Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2020 Results - Earnings Call Transcript

Patrick Industries (PATK) delivered earnings and revenue surprises of 22.97% and -1.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Tops Q1 Earnings Estimates

Shares of Patrick Industries (NASDAQ:PATK) remained unaffected at $42.97 after the company reported Q1 results.

Recap: Patrick Industries Q1 Earnings

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Patrick Industries' (PATK) CEO Andy Nemeth on Q4 2019 Results - Earnings Call Transcript

Patrick Industries (PATK) could produce exceptional returns because of its solid growth attributes.

3 Reasons Growth Investors Will Love Patrick Industries (PATK)

Patrick Industries (PATK) delivered earnings and revenue surprises of 14.67% and 2.47%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Surpasses Q4 Earnings and Revenue Estimates

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) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

3 Reasons Why Patrick Industries (PATK) Is a Great Growth Stock

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Patrick Industries, Inc. (PATK) CEO Todd Cleveland on Q3 2019 Results - Earnings Call Transcript

Patrick Industries (PATK) delivered earnings and revenue surprises of -2.13% and -4.12%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries (PATK) Lags Q3 Earnings and Revenue Estimates

News for Patrick Industries Stock (PATK)