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WELCH M SCOTT reported acquisition or exercise transactions in this Form 4 filing.
PATRICK INDUSTRIES INC director M. Scott Welch received an annual director stock grant of 1,594 shares of common stock on May 14, 2026 at no cost. The grant vests on May 14, 2027. After this award, he holds 33,366 shares directly, plus additional indirect holdings through controlled entities and 156,000 shares held by his spouse.
Kitson Michael A reported acquisition or exercise transactions in this Form 4 filing.
Patrick Industries director Michael A. Kitson received a stock grant of 1,594 shares of common stock on May 14, 2026 as his annual director's stock grant, with no cash purchase price. These shares vest on May 14, 2027 and increase his direct holdings to 13,444 shares. This is a compensation-related award rather than an open-market share purchase.
Cleveland Todd M reported acquisition or exercise transactions in this Form 4 filing.
PATRICK INDUSTRIES INC director Todd M. Cleveland received an equity grant of 1,594 shares of Common Stock as an annual director’s stock grant. The award was granted on May 14, 2026 at a stated price of $0.00 per share and is scheduled to vest on May 14, 2027. Following this grant, he directly holds 134,880 shares and indirectly holds 51,356 shares through a limited liability corporation.
Forbes John A reported acquisition or exercise transactions in this Form 4 filing.
Patrick Industries director John A. Forbes received an annual stock grant of 1,594 shares of Common Stock. The award was granted on May 14, 2026 at no cash cost and is scheduled to vest on May 14, 2027. After this grant, Forbes directly holds 50,866 common shares.
Cerulli Joseph M reported acquisition or exercise transactions in this Form 4 filing.
PATRICK INDUSTRIES INC director Joseph M. Cerulli received an annual stock grant of 1,594 shares of common stock on May 14, 2026 at no cash cost, as board compensation. The grant vests on May 14, 2027. After this award, he directly holds 74,722 common shares.
Brown Natalie A reported acquisition or exercise transactions in this Form 4 filing.
PATRICK INDUSTRIES INC director Natalie A. Brown received an equity award of 1,594 shares of Common Stock as part of her annual director compensation. The shares were granted at no cash cost to her on May 14, 2026 and increase her direct holdings to 3,319 shares.
The footnote explains this is an Annual Director's Stock Grant that will vest on May 14, 2027, meaning the award is subject to a one-year vesting period before it fully becomes hers.
Augsburger Blake reported acquisition or exercise transactions in this Form 4 filing.
Patrick Industries director Blake Augsburger received an annual stock grant of 1,594 shares of Common Stock as compensation. The award was granted on May 14, 2026 at a stated price of $0.00 per share and is scheduled to vest on May 14, 2027. After this grant, Augsburger directly holds a total of 3,719 Common Stock shares.
Patrick Industries, Inc. held its annual shareholder meeting with 31,474,950 shares voted, representing 95.06% of the 33,111,193 shares outstanding as of the March 20, 2026 record date. Shareholders elected nine directors, ratified Deloitte & Touche as auditor, and approved 2025 executive compensation in an advisory vote.
The Board also declared a quarterly cash dividend of $0.47 per share on common stock. This dividend will be paid on June 8, 2026 to shareholders of record at the close of business on May 26, 2026.
Patrick Industries, Inc. reported relatively stable results for the quarter ended March 29, 2026. Net sales were $997.2 million versus $1,003.4 million a year ago, while net income inched up to $39.5 million from $38.2 million. Diluted earnings per share were $1.10 compared with $1.11.
RV and manufactured housing sales declined, but were largely offset by strong growth in powersports (up 28%) and marine (up 14%), with industrial sales roughly flat. Operating margin held at 6.5%. Cash from operations was a $14.0 million use, influenced by higher receivables and inventories, and total debt stood at $1.40 billion.
The company ended the quarter with $37.5 million of cash and $696.4 million of availability under its credit facility. It repurchased 127,678 shares for $14.7 million and completed two small acquisitions. A stock-price trigger made the 1.75% convertible notes due 2028 convertible this quarter, though no conversions occurred.
Patrick Industries, Inc. reported that it and LCI Industries have ended discussions about a potential merger of equals. The companies had aligned on leadership of a combined business, Patrick’s strategic plan and vision, and several other elements, but could not agree on certain remaining key terms.
Patrick’s CEO, Andy Nemeth, emphasized that the company remains focused on its independent, brand-fronted structure, customer partnerships, and disciplined capital allocation. He highlighted Patrick’s diversified platform, strong balance sheet and cash flows, and a robust pipeline of acquisition opportunities as the company continues pursuing organic growth, innovation, and its established M&A strategy.