Patrick Inds Inc Stock Price, News & Analysis

Patrick Industries (NASDAQ: PATK) has announced key leadership changes in its Marine division. Jake Petkovich will return to the company as President – Marine, effective May 19, 2025, succeeding Rick Reyenger, who will transition to a strategic advisory role. Petkovich, who previously served as Patrick's CFO from 2020 to 2023, rejoins the company from his recent position as CFO of Indicor, LLP. During his previous tenure, he was key in driving financial strategy and marine acquisitions.

Reyenger, who joined Patrick through the 2018 Marine Accessories Corporation acquisition, will remain with the company to ensure a smooth transition and provide ongoing guidance. The company, headquartered in Elkhart, IN, employs approximately 10,000 people and serves as a component solutions provider for the RV, Marine, Powersports, and Housing markets.

Patrick Industries (NASDAQ: PATK) has announced a quarterly cash dividend of $0.40 per share, as declared by its Board of Directors on May 15, 2025. The dividend will be paid on June 9, 2025 to shareholders of record as of May 27, 2025.

Patrick Industries is a leading component solutions provider for the RV, Marine, Powersports and Housing markets, operating since 1959. The company manages over 85 brands and employs approximately 10,000 team members across the United States, with headquarters in Elkhart, Indiana.

Patrick Industries (PATK) reported strong Q1 2025 results with net sales increasing 7% to $1.0 billion, driven by 14% growth in RV and 7% in Housing markets, offsetting declines in Marine and Powersports segments. Net income rose 9% to $38 million, with diluted EPS of $1.11. Operating margin improved slightly to 6.5%. The company generated $40 million in operating cash flow and maintained strong liquidity of $745 million. Notable achievements include completing acquisitions of Elkhart Composites and Medallion Instrumentation Systems, returning $22 million to shareholders through dividends and share repurchases, and maintaining a healthy net leverage ratio of 2.7x. However, the company faces challenges from multi-country tariff implementation and increasing macroeconomic uncertainty.

Patrick Industries (NASDAQ: PATK) has announced it will release its first quarter 2025 financial results before market opening on Thursday, May 1, 2025. The company will host a conference call at 10:00 a.m. Eastern Time on the same day, with Q&A to institutional investors and analysts.

Patrick Industries is a leading component solutions provider for RV, Marine, Powersports and Housing markets, operating since 1959. The company encompasses over 85 brands and employs approximately 10,000 skilled team members across the United States. Their business model integrates design, manufacturing, distribution, and transportation services.

Patrick Industries (NASDAQ: PATK), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, has announced its participation in three major investor conferences in March 2025:

• Raymond James 46th Annual Institutional Investors Conference (March 2-5) in Orlando, Florida
• Bank of America's Consumer and Retail Conference 2025 (March 11-12) in Miami Beach, Florida
• 37th Annual Roth Conference (March 16-18) in Dana Point, California

The company's management team will engage in fireside chats and one-on-one meetings with institutional investors and analysts at these events. Patrick Industries, founded in 1959, serves the RV, Marine, Powersports and Housing markets, employing approximately 10,000 team members across the United States and managing over 85 leading brands.

Rockford Fosgate has launched a new rear subwoofer kit specifically designed for Polaris RZR side-by-sides. The 400-watt system is compatible with 2020-2024 Pro-XP, 2022-2024 Turbo-R, and 2022-2024 Pro-R 4-seat models. The kit features plug-and-play installation without drilling or cutting requirements.

The system incorporates RF3™ technology for factory-fit matching and includes an oval ported enclosure optimized for maximum bass output. A port cap is provided for waterproofing in wet conditions. The kit is built with Element Ready® design to withstand water, dust, and mud exposure. The product is now available through authorized dealers and the company's website.

Patrick Industries (NASDAQ: PATK) has completed the acquisition of Medallion Instrumentation Systems, a Michigan-based provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. Medallion, which generated approximately $38 million in revenue in 2024, specializes in digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges, and LCD touchscreen displays.

The acquisition strengthens Patrick's ability to provide complete technology solutions in the Outdoor Enthusiast space, particularly addressing growing customer preferences for digital switching and custom displays. Medallion will continue operating under its existing brand name and from its current facility, maintaining its market presence while benefiting from Patrick's resources and capabilities.

Patrick Industries (NASDAQ: PATK) reported Q4 and full-year 2024 financial results. Q4 net sales increased 8% to $846 million, while full-year sales grew 7% to $3.7 billion. Q4 operating margin was 4.7% (5.2% adjusted), and full-year operating margin reached 6.9% (7.2% adjusted).

Q4 diluted EPS was $0.42 ($0.52 adjusted), while full-year EPS reached $4.11 ($4.34 adjusted). The company generated $251 million in free cash flow for 2024 and returned $55 million to shareholders through dividends and share repurchases. Notable developments included the acquisitions of Sportech and RecPro, strengthening the company's Powersports and Outdoor Enthusiast segments. The company also refinanced debt through a $500 million Senior Notes issuance and increased its share repurchase authorization to $200 million.

Rockford Fosgate has unveiled its new M2 Element Ready™ Subwoofers, featuring 400 watts of power in a 10-inch design. The subwoofers incorporate advanced technologies including Nano Cell Direct Injection Technology and a composite voice coil engineered for extreme conditions.

The new subwoofers offer flexible installation options with infinite baffle or sealed enclosures, and dual 2-ohm or dual 4-ohm impedance models. Key features include wet-wound voice coils for improved heat dissipation, a composite spider design with epoxy securing, and an aluminum radiator ring for enhanced heat management.

The product is designed for durability and performance in challenging environments, with reinforced components and advanced thermal management systems. The M2 subwoofers are currently available through authorized dealers and the company's website.