PATK
Patrick Industries, Inc.113.85
-0.33-0.29%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details cadence, content drivers
Q&A largely reaffirmed the scripted outlook on content gains and margin expansion, adding nuance on 2026 cadence: Q1 remains disciplined amid lean inventories, with ramps eyed in Q2/Q3 selling season. Management attributed Q4 content per unit boosts to composites, electronics, share gains, and RV mix favoring larger fifth wheels. Marine growth stemmed mostly from innovation, not just acquisitions. Costs stabilized despite commodity wiggles in copper, aluminum, and wood. Composites long-term TAM hit $1.5B. Q1 stays patient. Optimistic tone persists; investors track early-year discipline.
Key Stats
Market Cap
3.79BP/E (TTM)
32.53Basic EPS (TTM)
3.50Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Patrick Industries posted $3.95B in FY2025 net sales, up 6% y/y, with manufacturing (74%) driving gains via 9% RV growth to $1.78B and 6% marine lift to $606M amid normalizing dealer inventories; distribution added 3%. Gross margins expanded 60bps to 23.1% on labor efficiencies, though operating income edged up 7% to $276M as SG&A rose. Q4 capped steady momentum with $87M returned to shareholders via dividends and buybacks, $83M capex, and $1.3B debt at year-end. Cash flow hit $329M. Cyclical end-market swings threaten quarterly flows.
8-K
Q4 sales up 9%, margins expand
Patrick Industries reported Q4 net sales up 9% to $924M, operating income surging 45% to $57M despite softer Housing demand. Full-year sales hit $4.0B with adjusted EBITDA at $468M; acquisitions like QES and Egis cost $122M. Strong cash flows funded $87M shareholder returns. Leverage dipped to 2.6x.
8-K
CFO transition announced
Patrick Industries' CFO Andrew Roeder resigns effective February 20, 2026, after the 10-K filing, to pursue outside interests with no disagreements. Matthew Filer, current SVP Finance and Chief Accounting Officer who served as interim CFO before, steps in per the succession plan. Smooth handoff. Leadership stays steady amid market shifts.
8-K
Leadership shift at Patrick
Patrick Industries' President – Powersports and Housing Kip B. Ellis resigned effective December 12, 2025, to pursue outside interests, with no disagreements noted. Hugo E. Gonzalez, Executive VP – Operations and COO, steps in immediately per succession plan. Smooth transition preserves leadership continuity.
8-K
Dividend hiked to $0.47
Patrick Industries boosted its quarterly cash dividend to $0.47 per share from $0.40, authorized by the Board on November 19, 2025, payable December 15 to record holders on December 1. CEO Nemeth cited business resilience and free cash flow strength. Dividends remain subject to future Board approval.
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