Patrick Industries, Inc. (PATK)

NASDAQ: PATK · Real-Time Price · USD
90.18
-2.82 (-3.03%)
Feb 21, 2025, 4:00 PM EST - Market closed
-3.03%
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]

Founded 1959
Employees 10,000
Stock Exchange NASDAQ
Ticker Symbol PATK
Full Company Profile

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 Statements

Analyst 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.

Price Target
$102.07
(13.19% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

15 days ago - Seeking Alpha

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...

16 days ago - PRNewsWire

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...

18 days ago - PRNewsWire

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...

19 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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 ...

4 weeks ago - Seeking Alpha

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...

6 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

3 months ago - PRNewsWire

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.

3 months ago - PRNewsWire

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...

4 months ago - Seeking Alpha

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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 ...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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.

6 months ago - PRNewsWire