Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication aluminum product; RV painting; decorative vinyl and paper laminated panel; fiberglass and plastic component; softwoods lumber; custom cabinet; polymer-based flooring product; marine hardware; air handling; and electrical system and component, including instrument and dash panel, and other product. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage door; slide-out trim and fascia product; thermoformed shower surround; specialty bath and closet building product; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and component; wiring and wire harnesses; aluminum and plastic fuel tank; boat cover, tower, top, and frame; CNC molds and composite part; and slotwall panel and component. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, wiring product, electrical and plumbing product, cement siding product, raw and processed lumber, fiber reinforced polyester product, roofing, laminate and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other product. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
IPO Year:
Exchange: NASDAQ
Website: patrickind.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2025 | $99.00 | Hold | Loop Capital |
| 4/4/2025 | $96.00 | Outperform → Neutral | Robert W. Baird |
| 10/1/2024 | $160.00 | Outperform | Raymond James |
| 8/29/2024 | $145.00 | Buy | The Benchmark Company |
| 12/7/2023 | $105.00 | Outperform | BMO Capital Markets |
| 4/19/2023 | $80.00 | Overweight | KeyBanc Capital Markets |
| 8/26/2022 | $65.00 | Neutral | DA Davidson |
| 5/5/2022 | $93.00 | Buy | MKM Partners |
| 4/12/2022 | $75.00 | Buy | Truist |
| 4/4/2022 | $60.00 | Underperform | BofA Securities |
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ELKHART, Ind., May 26, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in the upcoming Baird 2026 Global Consumer, Technology & Services Conference to be held in New York, NY from June 2-4, 2026. On June 2nd, Patrick's management team will participate in a fireside chat and hold one-on-one meetings with institutional investors and analysts.Please contact Baird for attendance information and additional details.About Patrick Industries,
ELKHART, Ind., May 15, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on May 14, 2026 its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on June 8, 2026 to shareholders of record at the close of business on May 26, 2026. About Patrick Industries, Inc.Patrick (NASDAQ:PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Sin
ELKHART, Ind., May 12, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in one-on-one meetings with investors and analysts at two upcoming conferences in May: Benchmark 4th Annual Consumer One-on-One Conference will be held in New York, NY on May 19, 2026.KeyBanc Capital Markets Virtual Consumer Leisure Spotlight will be held on May 20, 2026.Please contact Benchmark and KeyBanc for attendance information and additional details.About Pat
ELKHART, Ind., May 4, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today announced that the Company and LCI Industries (NYSE:LCII) have terminated discussions regarding a potential business combination. While there was consensus on leadership of the combined company, continued execution of Patrick's strategic plan and vision, and other key aspects of a potential transaction in alignment with a merger of equals, the companies were unable to reach agreement on certain other key terms. Patrick and LCI previously confirmed discussions on April 17, 2026, and noted at
LCI Industries (NYSE:LCII) today announced that the company and Patrick Industries (NASDAQ:PATK) have terminated discussions regarding a potential merger of equals, as the companies were unable to reach mutually agreeable terms. LCI Industries and Patrick Industries each previously confirmed discussions on April 17 and noted there could be no assurance that any such agreement would be reached. As previously announced, LCI Industries will release its first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. LCI Industries will also host a conference call and webcast to discuss its first quarter 2026 results on Tuesday, May 5, 2026, at 8:30 a.m. ET. Additional in
ELKHART, Ind., April 30, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today reported financial results for the first quarter ended March 29, 2026. First Quarter 2026 Highlights (compared to First Quarter 2025 unless otherwise noted)Net sales were $997 million compared to $1,003 million. Marine revenue growth of 14% and Powersports revenue growth of 28% were offset by lower revenue in the Company's RV and Housing markets, primarily reflecting lower w
LCI Industries (NYSE:LCII) today confirmed that it is in discussions with Patrick Industries, Inc. (NASDAQ:PATK) regarding a possible merger of equals. These discussions are ongoing, and there can be no assurances that such discussions will result in a transaction or on what terms any transaction may occur. LCI Industries does not intend to comment further unless and until it determines further disclosure is appropriate. About LCI Industries LCI Industries (NYSE:LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and ded
ELKHART, Ind., April 17, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today confirmed that it is in discussions with LCI Industries (NYSE:LCII) regarding a potential merger of equals. There can be no assurance that any transaction will result from these discussions or on what terms or structure any transaction may occur.Patrick does not intend to make additional comments regarding these discussions unless and until a formal agreement has been reache
ELKHART, Ind., April 16, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its first quarter 2026 financial results before the market opens on Thursday, April 30, 2026. Patrick Industries will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 407-9036. Intere
ELKHART, Ind., March 26, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today announced the public debut of The Experience, a collaborative digital design studio that empowers customers to bring ideas to life in real time, prototype at full scale, and make faster, more efficient decisions across the markets they serve. Key Highlights: 50' x 14' LED Screen with 1.2mm Pixel PitchAccelerates Design CyclesReduces Costs by Minimizing Physical PrototypingFu
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Loop Capital initiated coverage of Patrick Industries with a rating of Hold and set a new price target of $99.00
Robert W. Baird downgraded Patrick Industries from Outperform to Neutral and set a new price target of $96.00
Raymond James initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $160.00
The Benchmark Company initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $145.00
BMO Capital Markets initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $105.00
KeyBanc Capital Markets initiated coverage of Patrick Industries with a rating of Overweight and set a new price target of $80.00
DA Davidson initiated coverage of Patrick Industries with a rating of Neutral and set a new price target of $65.00
MKM Partners initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $93.00
Truist initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $75.00
BofA Securities initiated coverage of Patrick Industries with a rating of Underperform and set a new price target of $60.00
Live Leadership Updates
TEMPE, Ariz., Feb. 23, 2026 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), today announced the appointment of Joey J. Gou as Senior Director of Global Quality Assurance, reinforcing the company's commitment to quality, operational discipline, and long-term growth as it expands into increasingly complex and demanding markets. Rockford Fosgate Expands Quality Leadership with Appointment of Joey J. GouGou brings more than 24 years of U.S. based leadership experience across the automotive, EV, audio, and pressure vessel industries. He is widely recognized for building a
ELKHART, Ind., Jan. 5, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced the appointment of Matthew Filer, 53, as Executive Vice President – Finance, Chief Financial Officer and Treasurer, in alignment with the Company's executive succession plan. He will succeed Andrew Roeder, who informed the Company on December 29, 2025 that he will step down from his role as Executive Vice President – Finance, Chief Financial Officer and Treasurer. Mr. Roeder will remain with the Company through the filing date of its Form 10-K for the fiscal year ended December 31, 2025.
TEMPE, Ariz., July 18, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is thrilled to announce the appointment of Josh Berry as Regional Sales Manager, OEM Marine. In this role, Josh will collaborate with Rockford Fosgate's OEM Marine team to drive growth and strengthen partnerships within the marine audio sector. With 23 years of experience in 12-volt marine audio, Josh brings a wealth of expertise and a proven track record of fostering robust relationships with marine OEMs. "I'm excited to join Rockford
ELKHART, Ind., Feb. 24, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC ("Medallion"), a premier provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. Medallion's engineering team provides complete systems solutions that cater to customer needs, including digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges and LCD touchscreen displays. Medallion's 2024 revenue was approximately $38 million.
ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz., Aug. 19, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce two significant leadership changes within the company. Bill Jackson, who has served as President and CEO for the past 18 years, will transition to the role of Sr. Operations Business Advisor to Patrick Industries. Succeeding him, Zach Luke, a seasoned leader with over 20 years of dedicated service at Rockford Fosgate, will step into the role of President.
TEMPE, Ariz., May 3, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce its sponsorship of the Harley-Davidson Museum as the official Motorcycle Audio partner. This partnership promises visitors an immersive on-site audio journey with H-D Museum™ Demos, alongside hosting the H-D Museum Bike Night Concert Series and activation during the annual H-D® Homecoming™ Festival. Zach Luke, as Managing Director of Rockford Fosgate, expressed, "This presents a remarkable opportunity for us to connect with our customers on
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 DOUG DOBSON AS DIGITAL APPLICATION MANAGERIn his new role, Doug will assume responsibility for vehicle specific guidance and expertise to the embedded software team during UI/APP development. Doug stated, "I am excited and honored to join the great team at Rockford Fosgate and its rich history in the car audio world. I hope to bring my own specialties a
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. In his new role, Derek will assume responsibility for overseeing and spearheading the Rockford Fosgate audio integration initiatives. Leveraging his extensive years of industry experience and proven track record of success, Derek will play a crucial role in advancing and crafting tailored solutions for various vehicle models. Derek, stated, "Rockford Fosgate is renowned for creatin
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 markets, announced today that it has appointed Andy Roeder as Executive Vice President-Finance, Chief Financial Officer ("CFO"), and Treasurer of the Company, effective March 5. "We are delighted to announce that Andy will be joining Patrick's leadership team after a robust search process that encompassed strong candidates, both internal and external," said Andy Nemeth, Chief Executive
TEMPE, Ariz., Feb. 29, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Jordan Beecham as Regional Sales Manager, Motorcycle. Rockford Fosgate is excited to announce the addition of Jordan Beecham as Regional Sales Manager, Motorcycle.In his role, Jordan will oversee and lead the Rockford Fosgate aftermarket motorcycle audio sales initiatives, where his years of industry experience and success will play a pivotal part in expanding Rockford's category relationships and growth. Jordan, stated, "R
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ELKHART, Ind., May 15, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on May 14, 2026 its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on June 8, 2026 to shareholders of record at the close of business on May 26, 2026. About Patrick Industries, Inc.Patrick (NASDAQ:PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Sin
LCI Industries (NYSE:LCII) today announced that the company and Patrick Industries (NASDAQ:PATK) have terminated discussions regarding a potential merger of equals, as the companies were unable to reach mutually agreeable terms. LCI Industries and Patrick Industries each previously confirmed discussions on April 17 and noted there could be no assurance that any such agreement would be reached. As previously announced, LCI Industries will release its first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. LCI Industries will also host a conference call and webcast to discuss its first quarter 2026 results on Tuesday, May 5, 2026, at 8:30 a.m. ET. Additional in
ELKHART, Ind., April 30, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today reported financial results for the first quarter ended March 29, 2026. First Quarter 2026 Highlights (compared to First Quarter 2025 unless otherwise noted)Net sales were $997 million compared to $1,003 million. Marine revenue growth of 14% and Powersports revenue growth of 28% were offset by lower revenue in the Company's RV and Housing markets, primarily reflecting lower w
ELKHART, Ind., April 16, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its first quarter 2026 financial results before the market opens on Thursday, April 30, 2026. Patrick Industries will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 407-9036. Intere
ELKHART, Ind., Feb. 5, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today reported financial results for the fourth quarter and year ended December 31, 2025. Fourth Quarter and Full Year 2025 Highlights (compared to Fourth Quarter and Full Year 2024 unless otherwise noted) Net sales increased 9% to $924 million for the fourth quarter and increased 6% to $4.0 billion for the full year. The growth in net sales was primarily driven by organic content
ELKHART, Ind., Jan. 22, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its fourth quarter and twelve months 2025 financial results before the market opens on Thursday, February 5, 2026. Patrick Industries will host a conference call on Thursday, February 5, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call i
ELKHART, Ind., Nov. 20, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on November 19, 2025, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.47 per share from $0.40 per share. The dividend is payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025. "The increase in our quarterly cash dividend underscores our continued confidence in the strength and resilience of our business model, the durabi
Third Quarter 2025 Highlights (compared to Third Quarter 2024 unless otherwise noted) Net sales increased 6% to $976 million driven by solid organic growth and acquisitions, partially offset by industry shipment declines. The Company reported higher revenue in each of its four primary end markets reflecting continued resilience and strength in content per unit as a result of acquisitions and organic growth.Operating income was $66 million compared to $74 million in the prior year period. Operating margin was 6.8% compared to 8.1% in the prior year period.Net income was $35 million compared to $41 million in the prior year period.Diluted earnings per share (EPS) was $1.01 compared to EPS of $
ELKHART, Ind., Oct. 16, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months 2025 financial results before the market opens on Thursday, October 30, 2025. Patrick Industries will host a conference call on Thursday, October 30, 2025 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (
ELKHART, Ind., Aug. 15, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on August 14, 2025, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.40 per share. The dividend is payable on September 8, 2025 to shareholders of record at the close of business on August 25, 2025. About Patrick Industries, Inc. Patrick (NASDAQ:PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers a
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