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 markets, will host an inaugural Investor Day on December 3, 2024 in New York, NY.During the event, members of Patrick's senior management team will provide updates on the Company's strategic initiatives, growth opportunities and long-term financial framework. The event will include formal presentations as well as Q&A ...

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 a three-for-two stock split of the Company's common stock, to be effected in the form of a stock dividend, payable as one additional share of common stock for every two shares of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been ...

In a bid to reward shareholders, Patrick Industries, Inc. (PATK) announced a 9.1% hike in its quarterly dividend.On Nov. 14, Patrick’s board of directors increased the quarterly cash dividend to 60 cents per share from 55 cents paid earlier. The dividend will be payable on Dec. 9, 2024, to its shareholders of record as of the close of business on Nov. 25.Regular Enhancement of Shareholder ValueThe company has been driving shareholder value through regular dividend hikes, share repurchase programs and reinve ...

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") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.60 per share from $0.55 per share. The dividend is payable on December 9, 2024 to shareholders of record at the close of business on November 25, 2024. Additionally, the Board authorized an increase in the amount of the Compan ...

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, will participate in Baird's 2024 Global Industrial Conference on November 12, 2024.Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The co ...

The 500-watt subwoofers have been re-engineered with more mass to fit in smaller enclosures and includes upgrades like a new surround and better heat management.  The "P" (ported) version is designed for ported enclosures and work best in open-air environments (topless/convertible).  The "S" sealed version is designed for smaller sealed enclosures and work best in closed environments (truck cab). The voice coil now uses pure copper wire for better conductivity, paired with a new composite former to dissipat ...

The Stage-3 kit includes a 12" subwoofer, 6.5" coaxial speakers, 1" tweeters for the front, along with pre-tuned 1000-watt and 800-watt amplifiers. A Digital Signal Processor with a customized Jeep tune optimizes the audio experience, and a bass level controller allows listeners to adjust bass output to their liking. Each component in the kit is Element Ready™, engineered to resist water, dirt, mud, and UV rays, ensuring rugged durability. The kit's design also complements the factory fit and finish, mainta ...

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 Roeder - EVP, Finance, CFO, and Treasurer Kip Ellis - President, Powersports, Technology & Housing Conference Call Participants Scott Stember - ROTH MKM Mike Swartz - Truist Securities Daniel Moore - CJS Securities Noah Zatzkin - KeyBanc Capital Markets Craig Kennison - Baird Tristan Thomas-Martin - BMO Capital Mar ...

Company Performance - Patrick Industries reported quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.83 per share, and showing a slight decrease from $1.81 per share a year ago, resulting in an earnings surprise of -1.64% [1] - The company posted revenues of $919.44 million for the quarter ended September 2024, which was 2.89% below the Zacks Consensus Estimate, but an increase from $866.07 million in the same quarter last year [2] - Over the last four quarters, Patrick Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Patrick Industries shares have increased approximately 33.5% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.47 on revenues of $867.73 million, and for the current fiscal year, it is $7.21 on revenues of $3.76 billion [7] Industry Outlook - The Building Products - Mobile Homes and RV Builders industry, to which Patrick Industries belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, indicating potential challenges ahead [8] - The outlook for the industry can significantly impact the stock's performance, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

News Release 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 acquisition of Sportech, which together more than offset a 21% decline in Marine revenue. • Operating margin decreased 10 basis points to 8.1%. For the first nine months of 2024, adjusted operating margin improved 20 basis points to 7.8 ...