Patrick Industries, Inc.
98.89-5.86 (-5.59%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · PATK · USD
Key Stats
Market Cap
3.29BP/E (TTM)
26.87Basic EPS (TTM)
3.68Dividend Yield
0.02%Recent Filings
8-K
Rodino named President
Patrick Industries announced Jeff Rodino's appointment as President, effective October 1, 2025, to lead strategic planning and financial performance. This shift positions him at the helm of the component solutions provider for outdoor and housing markets. Rodino steps up now. No compensation details or further rationale disclosed.
8-K
Quarterly dividend declared
Patrick Industries' board declared a quarterly cash dividend of $0.40 per share on August 14, 2025, payable September 8 to shareholders of record August 25. This payout underscores the company's steady commitment to returning capital amid its component solutions operations in RV and marine markets. Dividends remain subject to future board approval. Forward-looking statements carry inherent risks.
10-Q
Q2 FY2025 results
Patrick Industries posted solid Q2 FY2025 results, with net sales climbing 3% year-over-year to $1.05B, fueled by gains in RV, manufactured housing, and industrial segments that offset softer marine and powersports demand. Gross profit rose 8% to $251M, lifting the margin to 23.9% from 22.8%, thanks to lower material and labor costs, while operating income held steady at $87M (8.3% of sales) despite higher warehouse and SG&A expenses. Diluted EPS fell to $0.96 from $1.44, pressured by a $24.4M legal settlement in other expenses, yet net income for the half-year stands at $71M. Cash from operations hit $189M, funding $48M in acquisitions and $32M in stock buybacks; debt eased to $1.29B with $813M revolver availability. Acquisitions added $4M goodwill and $10.9M intangibles, amortized over 10 years for customer relationships. Strong liquidity persists. But dealer inventory adjustments could crimp volumes.
8-K
Q2 sales up 3%, adjusted EPS $1.50
Patrick Industries reported Q2 2025 net sales up 3% to $1.05 billion, fueled by 7% RV growth and 3% housing gains that offset 1% marine and 7% powersports declines. Operating income rose 2% to $87 million at 8.3% margin, but net income fell 32% to $32 million ($0.96 diluted EPS) due to a $24 million legal settlement; adjusted net income hit $51 million ($1.50 adjusted EPS). Adjusted EBITDA climbed 4% to $135 million. Strong cash flows support acquisitions amid tariff uncertainty.
8-K
Petkovich rejoins as Marine President
Patrick Industries appointed Jake Petkovich as President – Marine on May 19, 2025, succeeding Rick Reyenger, who shifts to a strategic advisory role for seamless transition. Petkovich, returning after serving as the company's CFO from 2020 to 2023, brings deep Marine expertise from guiding acquisitions and efficiency gains. His package includes $500,000 base salary and $900,000 target incentive. Leadership continuity bolsters Marine growth amid diversification push.
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