Patrick Industries, Inc. (PATK)

NASDAQ: PATK · IEX Real-Time Price · USD
111.39
-1.10 (-0.98%)
May 17, 2024, 4:00 PM EDT - Market closed
-0.98%
Market Cap 2.50B
Revenue (ttm) 3.50B
Net Income (ttm) 147.82M
Shares Out 22.40M
EPS (ttm) 6.75
PE Ratio 16.50
Forward PE 13.09
Dividend $2.20 (1.98%)
Ex-Dividend Date Feb 16, 2024
Volume 83,155
Open 112.77
Previous Close 112.49
Day's Range 110.42 - 112.77
52-Week Range 64.28 - 123.58
Beta 1.73
Analysts Buy
Price Target 106.71 (-4.2%)
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]

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

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 Statements

Analyst 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 -4.20% from the latest price.

Price Target
$106.71
(-4.20% downside)
Analyst Consensus: Buy
Stock Forecasts

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...

16 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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).

Other symbols: MIR
6 weeks ago - Schwab Network

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...

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 months ago - CNBC Television

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...

4 months ago - PRNewsWire

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...

4 months ago - Business Wire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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.

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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.

7 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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.

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire