Core Insights - Rockford Fosgate has introduced advanced audio systems designed specifically for motorcycles, featuring high-performance components that enhance sound quality and durability [1][2][3]. Product Features - The Stage-3 Kit (HD24-STG3) includes a Saddlebag Kit (HD24BL69) with 1000-watt systems that deliver balanced sound with rich mids, strong bass, and ultra-sharp highs [1]. - The updated saddlebag kit features new 6x9 speakers capable of handling up to 150 watts each, representing a 40% increase in power compared to the previous generation [1]. - The TMA 1000-watt digital amplifier is designed for motorcycles, allowing for future system expansion and seamless integration with the Skyline OS via A2B interface [2]. - Bluetooth connectivity is included for instant DSP tuning tailored to specific Rockford Fosgate kits [2]. Company Overview - Rockford Corporation, headquartered in Tempe, Arizona, markets high-performance audio systems under the Rockford Fosgate brand for various markets including mobile, motorcycle, motorsport, and marine audio [3]. - Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK) [3]. Technical Specifications - The audio systems feature long-throw woofers for extended low-end output, heat-resistant motor structures for consistent sound, oversized voice coils for louder performance, and extended frequency response for high-fidelity playback [5].

Core Insights - Rockford Fosgate has launched the next-generation Stage-6 aftermarket RZR Audio Kit, designed for high-performance in extreme SXS environments [1][2] Product Features - The Stage-6 kit is an all-in-one, plug-and-play system compatible with select 2024+ Polaris RZR XP vehicles, offering seamless integration and intuitive installation [2] - It includes a 2.7-inch PMX-3 digital media receiver, M2 6.5" coaxial front speakers, door-mounted tweeters, and M2 8-inch rear speakers in low-profile pods [3] - The system features an M2 10-inch subwoofer in a ported enclosure for deep bass, powered by a robust 1,500-watt amplifier for high-output sound [4] Additional Options - A Ride Command-integrated version of the Stage-6 kit is available, utilizing the existing Ride Command system interface while including all components [4] Company Background - Rockford Corporation, headquartered in Tempe, Arizona, is a leader in high-performance audio systems, serving the mobile, marine, motorsports, and motorcycle audio aftermarket and OEM markets [5]

Core Viewpoint - Patrick Industries, Inc. is set to release its second quarter and six months 2025 financial results on July 31, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call on July 31, 2025, at 10:00 a.m. Eastern Time [2] - The conference call will be accessible to institutional investors and analysts, with a dial-in number provided for participation [2] - A live webcast of the call will be available on Patrick's website, along with a replay option [2] Group 2: Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets [3] - The company has been operational since 1959 and focuses on empowering manufacturers and outdoor enthusiasts [3] - Patrick employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, IN [3]

Core Viewpoint - Patrick Industries, Inc. will participate in the CJS Securities 25th Annual "New Ideas" Summer Conference on July 10, 2025, where its management will present and engage in one-on-one meetings with institutional investors and analysts [1]. Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, with a history dating back to 1959 [3]. - The company employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, Indiana [3]. - Patrick Industries is home to over 85 leading brands, emphasizing quality, customer service, and innovation [3].

Core Viewpoint - Patrick Industries, Inc. will participate in the Baird 2025 Global Consumer, Technology & Services Conference, indicating its active engagement with institutional investors and analysts [1]. Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, with a history dating back to 1959 [3]. - The company employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, Indiana [3]. - Patrick Industries is home to over 85 leading brands, emphasizing quality, customer service, and innovation [3].

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any ...

Core Insights - The article emphasizes that investing during challenging times can lead to significant long-term returns [1] Company and Industry Focus - Crude Value Insights provides an investment service and community centered on oil and natural gas, focusing on cash flow and companies that generate it, which leads to value and growth prospects [1] - Subscribers have access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [2] - A promotional offer is available for a two-week free trial to engage with the oil and gas investment community [3]

Financial Data and Key Metrics Changes - The company reported a 7% increase in top line growth, resulting in revenue of approximately $1,000,000,000 for the first quarter [6][20] - Earnings per diluted share were $1.11, which included approximately $0.05 of dilution from convertible notes and related warrants [7][24] - Gross margin improved to 22.8%, up 90 basis points from the same period last year [21] - Net income increased by 9% to $38,000,000, while adjusted EPS decreased by 7% compared to the prior year [23][24] Business Line Data and Key Metrics Changes - RV revenues increased by 14% to $479,000,000, representing 48% of consolidated revenue [12] - Marine revenues were $149,000,000, up 4% from the prior year despite a 10% decrease in wholesale powerboat unit shipments [15] - Powersports revenues were $81,000,000, up 2% from the prior year [17] - Housing revenues increased by 7% to $295,000,000, with manufactured housing representing 59% of housing revenue [18] Market Data and Key Metrics Changes - RV wholesale unit shipments increased by 14%, while total RV retail unit shipments decreased approximately 7% [13] - Estimated marine retail and wholesale powerboat unit shipments were 766,500 units, implying a seasonal dealer field inventory build [16] - The company expects full-year RV retail unit shipments to be down mid to high single digits [30] Company Strategy and Development Direction - The company focuses on a diversified business strategy and model, emphasizing operational execution and innovation [5][8] - Recent acquisitions and stock repurchases are part of the capital allocation strategy to enhance growth opportunities [6][20] - The company aims to maintain flexibility and scalability in response to market dynamics, particularly in the face of tariff uncertainties [8][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term resilience of the outdoor enthusiast lifestyle despite current consumer uncertainty [9][10] - The company anticipates pent-up demand to drive new purchases once economic conditions stabilize [10] - Management acknowledged the impact of tariffs and is actively working to mitigate their effects through strategic sourcing and cost management [11][27] Other Important Information - The company completed two acquisitions in the quarter and repurchased approximately $8,500,000 of its stock [6][20] - Total net liquidity at the end of the first quarter was $745,000,000, with no major debt maturities until 2028 [26] Q&A Session Summary Question: What is the current exposure to tariffs? - Management indicated that approximately 15% of cost of goods sold is exposed to tariffs, with efforts underway to mitigate this exposure [27][38] Question: How are pricing strategies being adjusted in light of tariffs? - Management is being thoughtful about pricing increases and is working closely with customers to mitigate costs [40][41] Question: What is the outlook for RV shipments? - Management noted that while RV wholesale unit shipments increased in Q1, retail numbers showed some caution, indicating a need for consumer confidence to improve [55][56] Question: How is the company managing costs in the current environment? - The company is flexibly managing variable costs and has a playbook for potential cost reductions if necessary [63][64] Question: What is the outlook for manufactured housing? - Management remains optimistic about the manufactured housing market, citing a significant gap in affordable housing [91][100]

Group 1: Earnings Performance - Patrick Industries reported quarterly earnings of $1.11 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, but down from $1.19 per share a year ago, representing an earnings surprise of 13.27% [1] - The company posted revenues of $1 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.11%, compared to year-ago revenues of $933.49 million [2] - Over the last four quarters, Patrick Industries has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Patrick Industries shares have declined approximately 7.3% since the beginning of the year, while the S&P 500 has decreased by 5.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $1.55 on revenues of $1.06 billion, and for the current fiscal year, it is $5.21 on revenues of $3.96 billion [7] Group 3: Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Patrick Industries belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Patrick Industries' stock performance [5][6]

Financial Data and Key Metrics Changes - The company reported a 7% increase in top line growth, resulting in revenue of approximately $1,000,000,000 for the first quarter of 2025, with trailing twelve-month revenue of approximately $3,800,000,000 [5][19] - Earnings per diluted share were $1.11, which included approximately $0.05 of dilution from convertible notes and related warrants, representing a 7% decrease compared to $1.19 in the prior year period [5][22] - Gross margin improved to 22.8%, up 90 basis points from the same period last year, while operating margin on a GAAP basis increased by 10 basis points to 6.5% [20][21] Business Line Data and Key Metrics Changes - RV revenues increased by 14% to $479,000,000, representing 48% of consolidated revenue, driven by wholesale unit shipment growth and market share gains [11][19] - Marine revenues were $149,000,000, up 4% from the prior year, despite a 10% decrease in wholesale powerboat unit shipments [13][19] - Powersports revenues were $81,000,000, up 2% from the prior year, representing 8% of consolidated sales [16][19] - Housing revenues increased by 7% to $295,000,000, with manufactured housing representing 59% of housing revenue [17][19] Market Data and Key Metrics Changes - RV retail unit shipments decreased approximately 7%, while wholesale unit shipments increased 14% [12][19] - Estimated marine retail and wholesale powerboat unit shipments were 766,500 units, indicating a seasonal dealer field inventory build [14][19] - The company expects full-year RV retail unit shipments to be down mid to high single digits, with a similar outlook for marine retail [28][29] Company Strategy and Development Direction - The company completed two acquisitions in the quarter and repurchased approximately $8,500,000 of its stock, maintaining a focus on cost and working capital management [5][19] - The company is investing in its Advanced Product Group to drive innovation and strengthen customer partnerships [6][9] - The company aims to maintain flexibility and scalability in its operations to adapt to market changes and capitalize on growth opportunities [6][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainty in the market due to global tariff headlines but expressed confidence in the long-term resilience of the outdoor enthusiast lifestyle [8][9] - The company is focused on managing its variable cost structure and maintaining strong customer relationships to navigate near-term market dynamics [9][27] - Management expects pent-up demand to drive new purchases when economic uncertainty eases [9] Other Important Information - The company reported a net leverage of 2.7 times, down from 2.8 times in the prior year, with total net liquidity of $745,000,000 [25][24] - The effective tax rate for the first quarter was 17.7%, compared to 10.6% in the prior year, primarily due to differences in tax benefits related to equity compensation [21][19] - The company is actively working to mitigate tariff impacts, with approximately 15% of its cost of goods sold exposed to tariffs [26][27] Q&A Session Summary Question: What is the current gross exposure to tariffs? - Management indicated that the gross exposure to tariffs is higher than $250,000,000 and is actively working to mitigate the impact through various strategies [35][36] Question: How much pricing will be used to offset tariff impacts? - Management stated that pricing adjustments will be made thoughtfully, focusing on line-by-line analysis to mitigate costs [39][40] Question: What is the outlook for RV shipments? - Management noted that while Q1 shipments were up 14%, retail numbers showed some caution, indicating a need for consumer confidence to improve for a positive outlook [53][54] Question: What cost levers are being utilized? - Management highlighted a focus on variable costs and fixed cost reductions, maintaining flexibility to adapt to revenue changes [61][62] Question: What is the outlook for manufactured housing? - Management expressed optimism about the manufactured housing market, citing a significant gap in affordable housing and ongoing demand [87][96]