Welcome to our dedicated page for Patrick Industries news (Ticker: $PATK), a resource for investors and traders seeking the latest updates and insights on Patrick Industries stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Patrick Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Patrick Industries's position in the market.
Rhea-AI Summary
Monomoy Capital Partners (MCP) (NASDAQ: PATK) announces the sale of Sportech, a leading designer and manufacturer of cab components, to Patrick Industries, Inc. The transaction is expected to close on or before January 24, 2024, subject to customary closing conditions and regulatory approval. Monomoy invested in Sportech in 2019 and worked on significant revenue growth and operational improvements. Sportech is a premier powersports platform, providing integrated door systems, windshields, roofs, canopies, and more across various end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
-
Rhea-AI Summary
Patrick Industries, Inc. (PATK) has signed a definitive agreement to acquire Sportech, LLC for approximately $315 million. The transaction is expected to close on or before January 24, 2024, and is subject to customary closing conditions and regulatory approval. Sportech, based in Elk River, Minnesota, is a leading designer and manufacturer of high-value, complex component solutions to powersports OEMs, adjacent market OEMs, and the aftermarket. The acquisition is expected to be immediately accretive to profit margins and net income per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
-
Rhea-AI Summary
Patrick Industries, Inc. (PATK) to Participate in CJS Securities 24th Annual Investor Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
Rhea-AI Summary
Rockford Fosgate (RF), a leading high-performance audio systems company, is thrilled to welcome Ora Freeman as the Senior Director of OEM Marine. Freeman's industry expertise will be instrumental in expanding RF's category relationships and growth in the marine audio space.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
-
Rhea-AI Summary
Patrick Industries, Inc. (NASDAQ: PATK) announced its 2023 Sustainability & Responsibility Report, highlighting responsible use of materials and energy, expanded data collection, safety protocol improvements, community support, team member development, and digital transformation progress.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.67%
Tags
-
Rhea-AI Summary
Patrick Industries, Inc. (PATK) to Participate in Truist Securities 2023 Summit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
Rhea-AI Summary
Patrick Industries, Inc. (NASDAQ: PATK) Increases Quarterly Dividend by 22%, Reflecting Confidence in Financial Position and Capital Allocation Strategy
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
-
Rhea-AI Summary
Rockford Fosgate (RF) announces Zach Luke as new Managing Director, bringing extensive leadership experience and vision. President Bill Jackson praises Zach's perspective and ability to create, lead, and adapt, highlighting his 20 years of dedicated service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
-
Rhea-AI Summary
Rockford Fosgate promotes Joe Gonzalez to National Sales Manager, recognizing his 10 years of experience and contributions to the sales team. Joe will lead the aftermarket sales team and drive the company's sales growth through existing channels. The promotion highlights Rockford's commitment to internal talent and their focus on new category initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
Rhea-AI Summary
Rockford Fosgate, the industry leader in high-performance audio, has launched all-inclusive audio kits for select Jeep Wrangler and Jeep Gladiator models. The kits feature two subwoofers, front and overhead coaxial speakers, front tweeter, precisely tuned DSP, and two vehicle specific pre-tuned amplifiers, delivering a total of 1800 watts. The systems are Element-Ready™ with UV protection and designed to withstand water, salt, and other elements. The Jeep Wrangler and Jeep Gladiator Systems start at $5,499.99 US MSRP for both model configurations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.18%
Tags
Patrick Industries Inc
Nasdaq:PATK
PATK Rankings
PATK Stock Data
2.49B
21.32M
4.66%
95.47%
6%
Wood Kitchen Cabinet and Countertop Manufacturing
Manufacturing
United States of America
ELKHART
About PATK
patrick industries was founded in 1959 and is the leading manufacturer of building products and materials to the manufactured housing and recreational vehicle industries in the united states. the company also supplies many of its products to the industrial market that include customers in the kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, architectural and the automotive aftermarket. in addition, patrick industries is an independent wholesale distributor for the manufactured housing and recreational vehicle industries supplying pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, cabinet doors and cabinet components, cement siding, interior passage doors, furniture, roofing products, lighting, flooring, electrical, wiring, plumbing and other related products.