Patrick Industries, Inc. (PATK)
Market Cap | 2.60B |
Revenue (ttm) | 3.50B |
Net Income (ttm) | 147.82M |
Shares Out | 22.38M |
EPS (ttm) | 6.75 |
PE Ratio | 17.24 |
Forward PE | 13.67 |
Dividend | $2.20 (1.89%) |
Ex-Dividend Date | Feb 16, 2024 |
Volume | 179,813 |
Open | 114.40 |
Previous Close | 113.00 |
Day's Range | 113.32 - 117.75 |
52-Week Range | 64.08 - 123.58 |
Beta | 1.73 |
Analysts | Buy |
Price Target | 106.71 (-8.3%) |
Earnings Date | May 2, 2024 |
About PATK
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fa... [Read more]
Financial Performance
In 2023, PATK's revenue was $3.47 billion, a decrease of -28.96% compared to the previous year's $4.88 billion. Earnings were $142.90 million, a decrease of -56.46%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PATK stock is "Buy." The 12-month stock price forecast is $106.71, which is a decrease of -8.30% from the latest price.
News
Patrick Industries, Inc. Reports First Quarter 2024 Financial Results
First Quarter 2024 Highlights (compared to First Quarter 2023 unless otherwise noted) Net sales increased 4% to $933 million driven by a 15% increase in RV revenue, a 5% increase in housing revenue, a...
Patrick Industries, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Webcast on May 2, 2024
ELKHART, Ind. , April 18, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), today announced that it will release its first quarter 2024 financial results befor...
PATK, MIR: Stocks to Watch in the Current Bull Market
Nancy Prial evaluates the current bull market and discusses the outlook for small caps. She then goes over her stock picks which include Patrick Industries (PATK) and Mirion Technologies (MIR).
Patrick Industries to Participate in Upcoming 2024 Roth Conference
ELKHART, Ind., March 13, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
ROCKFORD FOSGATE® APPOINTS DOUG DOBSON AS DIGITAL APPLICATION MANAGER
TEMPE, Ariz. , March 5, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Doug Dobson as Digital Application Manager.
ROCKFORD FOSGATE® APPOINTS DEREK SCHMIEDL AS DIRECTOR OF INTEGRATION
TEMPE, Ariz. , March 5, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Derek Schmiedl as Director of Integration.
Patrick Industries, Inc. Appoints Andy Roeder as Executive Vice President-Finance and Chief Financial Officer
ELKHART, Ind. , March 5, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend
Fourth Quarter and Full Year 2023 Highlights (compared to Fourth Quarter 2022 unless otherwise noted) Fourth quarter net sales of $781 million decreased 18% as a result of lower OEM wholesale unit shi...
Patrick Industries is an incredibly well-run company, says Essex Investment's Nancy Prial
Nancy Prial, co-CEO and senior portfolio manager at Essex Investment Management, joins 'The Exchange' to discuss why she believes the economic drivers are favoring small-cap stocks, her favorite stock...
Patrick Industries, Inc. Completes Acquisition of Sportech, LLC and Announces Fourth Quarter 2023 Earnings Release and Conference Call Webcast on February 8, 2024
ELKHART, Ind. , Jan. 24, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Monomoy Capital Partners Agrees to Sell Sportech to Patrick Industries for Approximately $315 Million
NEW YORK--(BUSINESS WIRE)--Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce it has entered into a definit...
Patrick Industries, Inc. Signs Definitive Agreement to Acquire Sportech, LLC - a Leading Supplier of Premium Component Solutions to Powersports OEMs
ELKHART, Ind. , Jan. 11, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Patrick Industries to Participate in Upcoming 2024 CJS Conference
ELKHART, Ind. , Jan. 3, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets...
ROCKFORD FOSGATE® APPOINTS ORA FREEMAN AS SENIOR DIRECTOR OF MARINE OEM
TEMPE, Ariz. , Dec. 20, 2023 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Ora Freeman as Senior Director of OEM Marin...
Patrick Industries, Inc. Publishes 2023 Sustainability & Responsibility Report
ELKHART, Ind. , Dec. 18, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Patrick Industries to Participate in Upcoming 2023 Truist Conference
ELKHART, Ind. , Nov. 30, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend
ELKHART, Ind. , Nov. 16, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on November 15, 2023, its Board of Directors (the "Board") approved an increase in the amount...
ROCKFORD FOSGATE® PROMOTES JOE GONZALEZ TO NATIONAL SALES MANAGER
TEMPE, Ariz. , Oct. 31, 2023 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is pleased to announce the promotion of Joe Gonzalez to National Sales Manager.
ROCKFORD FOSGATE ENHANCES ADVENTURE WITH ALL-NEW COMPLETE AUDIO SYSTEMS FOR JEEP WRANGLER AND GLADIATOR
Available for select 2018-2023 Jeep Wrangler, and 2020+ Jeep Gladiator models, the Rockford Fosgate sound systems deliver storied sound in a complete plug-and-play package TEMPE, Ariz. , Oct. 31, 202...
Patrick Industries to Participate in 2023 Baird Global Industrial Conference
ELKHART, Ind. , Oct. 31, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...
Patrick Industries, Inc. Reports Third Quarter 2023 Financial Results
Third Quarter 2023 Highlights (compared to Third Quarter 2022 unless otherwise noted) Net sales of $866 million decreased 22% as a result of lower wholesale unit shipments in our end markets and lower...
ROCKFORD FOSGATE PARTNERS WITH THUMPER FABRICATION FOR NATIONAL MOTORSPORTS DISTRIBUTION
Strategically extending the distribution network for SXS and UTV products with authentic experience and a shared brand alignment. TEMPE, Ariz.
Patrick Industries, Inc. Announces Third Quarter 2023 Earnings Release and Conference Call Webcast on October 26, 2023
ELKHART, Ind. , Oct. 12, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months 2023 financial...
ROCKFORD FOSGATE UNVEILS ALL-IN-ONE OVERHEAD AUDIO SYSTEM FOR CAN-AM DEFENDER MODELS
Compatible with Two and Four door 2017 and newer Can-Am Defender Models, the Rockford Fosgate Can-Am Stage 1 System Delivers a Seamless audio solution. TEMPE, Ariz.
ROCKFORD FOSGATE LITERALLY ELEVATES AUDIO FOR POLARIS RANGER WITH THE ALL-NEW, ALL-IN-ONE ROOF SYSTEM
Available for Two- and Four-Seater 2018 and newer Polaris Ranger Models, the Rockford Fosgate Ranger Roof Audio System Delivers Epic Performance and Seamless Installation TEMPE, Ariz. , Sept. 12, 2023...