Patrick Industries, Inc. (PATK)
Market Cap | 3.03B |
Revenue (ttm) | 3.72B |
Net Income (ttm) | 138.40M |
Shares Out | 33.60M |
EPS (ttm) | 4.11 |
PE Ratio | 21.94 |
Forward PE | 17.65 |
Dividend | $1.92 (2.13%) |
Ex-Dividend Date | Feb 18, 2025 |
Volume | 311,877 |
Open | 93.99 |
Previous Close | 93.00 |
Day's Range | 89.86 - 93.99 |
52-Week Range | 67.72 - 98.90 |
Beta | 1.63 |
Analysts | Strong Buy |
Price Target | 102.07 (+13.19%) |
Earnings Date | Feb 6, 2025 |
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 2024, Patrick Industries's revenue was $3.72 billion, an increase of 7.14% compared to the previous year's $3.47 billion. Earnings were $138.40 million, a decrease of -3.15%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for PATK stock is "Strong Buy." The 12-month stock price forecast is $102.07, which is an increase of 13.19% from the latest price.
News

Patrick Industries, Inc. (PATK) Q4 2024 Earnings Call Transcript
Patrick Industries, Inc. (NASDAQ:PATK) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roe...

Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend
Fourth Quarter and Full Year 2024 Highlights (compared to Fourth Quarter and Full Year 2023 unless otherwise noted) Net sales for the fourth quarter and full year increased 8% to $846 million and 7% t...

Introducing the new M2 Element Ready™ Subwoofers from Rockford Fosgate
TEMPE, Ariz. , Feb. 4, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to announce the new M2 Element Ready™ Subwoofe...

Patrick Industries, Inc. Completes Acquisition of Elkhart Composites, Inc.
ELKHART, Ind. , Feb. 3, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Elkhar...

Introducing the New Harley-Davidson® Audio Powered by Rockford Fosgate® Stage III Audio Systems
TEMPE, Ariz. , Jan. 24, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to introduce the 2025 lineup of Harley-Davids...

Patrick Industries, Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call Webcast on February 6, 2025
ELKHART, Ind. , Jan. 23, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its fourth quarter and twelve months 2024 financ...

Patrick Industries: Staying Bullish On Valuation And Growth Prospects
Patrick Industries remains a 'buy' due to attractive pricing, solid growth, and strategic acquisitions despite recent RV and marine market challenges. Q3 2024 revenue grew 6.2% year-over-year, driven ...

Patrick Industries to Participate in Upcoming CJS Conference
ELKHART, Ind. , Jan. 7, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets...

Patrick Industries to Participate in Upcoming Truist Conference
ELKHART, Ind. , Dec. 5, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets...

Patrick Industries to Host Investor Day on December 3, 2024
ELKHART, Ind. , Nov. 25, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing market...

13 Upcoming Dividend Increases Including 2 Kings
This week's dividend increases feature two dividend kings, Stepan and Tennant, with average increases of 7.4% and a median of 5.4%. Thirteen companies are increasing their dividends this week, with an...

Patrick Industries, Inc. Announces Three-for-Two Common Stock Split
ELKHART, Ind. , Nov. 19, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that on November 18, 2024, the Company's Board of Directors approved ...

Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Increased Share Repurchase Authorization
ELKHART, Ind. , Nov. 15, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on November 14, 2024, its Board of Directors (the "Board") appro...

Patrick Industries to Participate in Upcoming Baird Conference
ELKHART, Ind. , Nov. 5, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets...

Introducing Stage-3 Jeep® Audio Kits for Select 2024 and Newer Wrangler Models by Rockford Fosgate®
TEMPE, Ariz. , Nov. 5, 2024 /PRNewswire/ -- Rockford Fosgate, a leader in high-performance audio systems, is thrilled to unveil its 1800-watt Stage-3 Jeep Audio Kit.

Introducing the Next Generation of 10-inch T1 Slim Subwoofers by Rockford Fosgate®
TEMPE, Ariz. , Nov. 5, 2024 /PRNewswire/ -- Rockford Fosgate, a leader in high-performance audio systems, is thrilled to unveil the next generation of T1 Slim Subwoofers.

Patrick Industries, Inc. (PATK) Q3 2024 Earnings Call Transcript
Patrick Industries, Inc. (NASDAQ:PATK) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roe...

Patrick Industries, Inc. Reports Third Quarter 2024 Financial Results
Third Quarter 2024 Highlights (compared to Third Quarter 2023 unless otherwise noted) Net sales increased 6% to $919 million driven by a 13% increase in Housing revenue and our first quarter acquisiti...

Patrick Industries, Inc. Announces Closing of $500 Million Senior Notes Offering and New Credit Facility
ELKHART, Ind. , Oct. 24, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $500 mill...

Patrick Industries, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Webcast on October 31, 2024
ELKHART, Ind. , Oct. 17, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months 2024 financial...

Patrick Industries, Inc. Announces Pricing and Upsize of Private Offering of $500 Million of Senior Notes
ELKHART, Ind. , Oct. 7, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the pricing of its upsized private offering of $500 million aggregate ...

Patrick Industries, Inc. Announces Private Offering of $400 Million of Senior Notes
ELKHART, Ind. , Oct. 7, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors...

Patrick Industries to Participate in Upcoming D.A. Davidson Conference
ELKHART, Ind. , Sept. 12, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing marke...

Patrick Industries, Inc. Completes Acquisition of RecPro - A Leading Aftermarket E-Commerce Platform for Outdoor Enthusiasts
ELKHART, Ind. , Sept. 9, 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 ANNOUNCES LEADERSHIP TRANSITION: BILL JACKSON TO BECOME SR. OPERATIONS BUSINESS ADVISOR AT PATRICK INDUSTRIES, ZACH LUKE APPOINTED AS PRESIDENT
ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz.