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Patrick Industries, Inc.

Patrick Industries, Inc.

NASDAQ•PATK
CEO: Mr. Andy L. Nemeth
Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Listing Date: 1980-03-17
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 fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, appliances, marine accessories, wiring products, electrical and plumbing products, fiber reinforced polyester products; cement siding products, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.
Contact Information
107 West Franklin Street, P.O. Box 638, Elkhart, IN, 46515, United States
574-294-7511
ir.patrickind.com
Market Cap
$4.26B
P/E (TTM)
34.6
25.2
Dividend Yield
1.3%
52W High
$128.81
52W Low
$72.99
52W Range
99%
Rank34Top 27.8%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$975.63M+6.11%
4-Quarter Trend

EPS

$1.09-12.80%
4-Quarter Trend

FCF

-$17.19M-151.05%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Sales Increased 5% Nine months net sales totaled $3.03B, growing 5% versus prior year, driven by RV and Industrial markets.
Gross Profit Margin Expansion Nine months gross profit $700.2M, up 8%; gross margin improved 50 basis points to 23.1%.
Distribution Segment Strong Distribution segment gross profit surged 20% to $193.6M for nine months, showing strong segment performance.
Strong Liquidity Maintained Liquidity strong with $20.7M cash and $758.0M available under 2024 Credit Facility as of September 28.

Risk Factors

Net Income Declined 14% Nine months net income fell $17.9M (14%) to $106.0M, impacted by higher operating costs and expenses.
Significant Legal Expense Other expenses included a $24.4M legal settlement charge for a motor vehicle accident during nine months.
Operating Cash Flow Down Cash provided by operating activities decreased 11% to $198.6M for nine months due to working capital changes.
SG&A Expense Rises Selling, General, and Administrative expenses grew 12% to $273.2M for nine months, driven by incentive costs.

Outlook

Integrating Recent Acquisitions Three 2025 Acquisitions completed; management finalizing purchase price allocations within the one-year measurement period.
Stock Repurchase Capacity Approximately $168.0M remains authorized for common stock repurchases under the current Board program.
Evaluating New ASU Currently evaluating effects of ASU 2025-06 on internal-use software accounting, effective for fiscal years beginning after 2027.
Debt Covenants Met Company remains in compliance with all required financial covenants under the 2024 Credit Agreement as of period end.

Peer Comparison

Revenue (TTM)

Advance Auto Parts, Inc.AAP
$8.59B
-10.2%
Abercrombie & Fitch Co.ANF
$5.18B
+7.6%
Harley-Davidson, Inc.HOG
$4.40B
-20.8%

Gross Margin (Latest Quarter)

CarGurus, Inc.CARG
89.5%
+10.6pp
Red Rock Resorts, Inc.RRR
62.2%
+1.4pp
Abercrombie & Fitch Co.ANF
59.8%
-5.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ANF$4.90B9.340.7%32.5%
RH$4.37B39.7-141.0%82.8%
PATK$4.26B34.610.5%48.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.9%
Moderate Growth
4Q Net Income CAGR
34.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 5, 2026
|
EPS:$0.73
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 28, 2025|Filed: Nov 6, 2025|
    Revenue: $975.63M+6.1%
    |
    EPS: $1.09-12.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Aug 7, 2025|
    Revenue: $1.05B+3.0%
    |
    EPS: $1.00-54.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: May 8, 2025|
    Revenue: $1.00B+7.5%
    |
    EPS: $1.17+8.3%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $3.72B+7.1%
    |
    EPS: $4.25-36.1%
    Meet
  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Nov 7, 2024|
    Revenue: $919.44M+6.2%
    |
    EPS: $1.25-32.1%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $1.02B+10.4%
    |
    EPS: $2.20+11.7%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $933.49M+3.7%
    |
    EPS: $1.08-22.9%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $3.47B-29.0%
    |
    EPS: $6.65-55.6%
    Beat