Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada, China and the Netherlands. Patrick's major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, aluminum fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, appliances, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, tile, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, various marine aftermarket products, and other miscellaneous products, in addition to providing transportation and logistics services.

Company profile
Ticker
PATK
Exchange
Website
CEO
Andrew Nemeth
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission ...
SEC CIK
Corporate docs
Subsidiaries
Adorn Holdings, Inc. • All Counties Glass, Inc. • All State Glass, Inc. • Anything Boating, LLC • Arran Isle, Inc. • Bathroom & Closet, LLC • Bristolpipe, LLC • Dehco, Inc. • Dowco, Inc. • Dura Shower Enclosures Co., Ltd ...
IRS number
351057796
PATK stock data
Latest filings (excl ownership)
8-K
March 2023 Investor Presentation 1 Investor Presentation March 2023
13 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Regulation FD Disclosure
15 Feb 23
8-K
Patrick Industries, Inc. Reports Fourth Quarter and Record Full Year 2022 Financial Results and Announces Quarterly Cash Dividend
9 Feb 23
8-K
Regulation FD Disclosure
26 Jan 23
8-K
Departure of Directors or Certain Officers
4 Jan 23
8-K
Other Events
29 Dec 22
8-K
Regulation FD Disclosure
14 Dec 22
8-K
Regulation FD Disclosure
28 Nov 22
8-K
Other Events
14 Nov 22
Transcripts
PATK
Earnings call transcript
2022 Q4
9 Feb 23
PATK
Earnings call transcript
2022 Q3
27 Oct 22
PATK
Earnings call transcript
2022 Q2
31 Jul 22
PATK
Earnings call transcript
2022 Q1
30 Apr 22
PATK
Earnings call transcript
2021 Q4
10 Feb 22
PATK
Earnings call transcript
2021 Q3
28 Oct 21
PATK
Earnings call transcript
2021 Q2
1 Aug 21
PATK
Earnings call transcript
2021 Q1
1 May 21
PATK
Earnings call transcript
2020 Q4
11 Feb 21
PATK
Earnings call transcript
2020 Q3
1 Nov 20
Latest ownership filings
SC 13G
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
FMR LLC
9 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
6 Feb 23
4
Todd M Cleveland
2 Feb 23
4
Stacey L Neu
27 Jan 23
4
Todd M Cleveland
27 Jan 23
4
Joel D Duthie
27 Jan 23
4
Jacob R Petkovich
27 Jan 23
4
Kip B Ellis
27 Jan 23
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.85 mm | 22.85 mm | 22.85 mm | 22.85 mm | 22.85 mm | 22.85 mm |
Cash burn (monthly) | 10.14 mm | 8.33 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 29.67 mm | 24.38 mm | n/a | n/a | n/a | n/a |
Cash remaining | -6.82 mm | -1.54 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.7 | -0.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
26.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 220 |
Opened positions | 44 |
Closed positions | 36 |
Increased positions | 66 |
Reduced positions | 77 |
13F shares | Current |
---|---|
Total value | 1.25 tn |
Total shares | 21.10 mm |
Total puts | 134.60 k |
Total calls | 65.00 k |
Total put/call ratio | 2.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.68 mm | $222.98 bn |
FMR | 3.24 mm | $196.30 bn |
Vanguard | 1.84 mm | $111.23 bn |
Dimensional Fund Advisors | 1.19 mm | $71.77 bn |
Wellington Management | 996.17 k | $60.37 bn |
STT State Street | 814.87 k | $49.38 bn |
Loomis Sayles & Co L P | 488.24 k | $29.46 bn |
Geode Capital Management | 414.98 k | $25.04 bn |
BK Bank Of New York Mellon | 355.15 k | $21.52 bn |
Charles Schwab Investment Management | 339.89 k | $20.60 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Feb 23 | Cleveland Todd M | Common Stock | Sell | Dispose S | No | Yes | 74.6272 | 10,000 | 746.27 k | 127,916 |
2 Feb 23 | Cleveland Todd M | Common Stock | Sell | Dispose S | Yes | Yes | 75.6909 | 10,000 | 756.91 k | 111,737 |
31 Jan 23 | Cleveland Todd M | Common Stock | Sell | Dispose S | Yes | Yes | 71.095 | 10,000 | 710.95 k | 121,737 |
25 Jan 23 | Nemeth Andy L | Common Stock | Grant | Acquire A | No | No | 0 | 8,824 | 0.00 | 345,303 |
25 Jan 23 | Nemeth Andy L | Common Stock | Grant | Acquire A | No | No | 0 | 52,941 | 0.00 | 336,479 |
25 Jan 23 | Rodino Jeff | Common Stock | Grant | Acquire A | No | No | 0 | 3,750 | 0.00 | 161,933 |
25 Jan 23 | Rodino Jeff | Common Stock | Grant | Acquire A | No | No | 0 | 22,500 | 0.00 | 158,183 |
25 Jan 23 | Ellis Kip B | Common Stock | Grant | Acquire A | No | No | 0 | 3,235 | 0.00 | 133,380 |
25 Jan 23 | Ellis Kip B | Common Stock | Grant | Acquire A | No | No | 0 | 19,413 | 0.00 | 130,145 |
25 Jan 23 | Jacob R Petkovich | Common Stock | Grant | Acquire A | No | No | 0 | 3,088 | 0.00 | 83,619 |
News
Truist Securities Maintains Buy on Patrick Industries, Raises Price Target to $80
10 Feb 23
Baird Maintains Outperform on Patrick Industries, Raises Price Target to $85
10 Feb 23
Patrick Industries Q4 EPS $1.68 Beats $1.59 Estimate, Sales $952.00M Beat $931.77M Estimate
9 Feb 23
Earnings Scheduled For February 9, 2023
9 Feb 23
Patrick Industries Earnings Preview
8 Feb 23
Press releases
Rockford Fosgate® Promotes Zach Luke to Vice President of Sales and Marketing
24 Feb 23
PATRICK INDUSTRIES, INC. REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND
9 Feb 23
PATRICK INDUSTRIES, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL WEBCAST ON FEBRUARY 9, 2023
26 Jan 23
PATRICK INDUSTRIES, INC. PUBLISHES INAUGURAL RESPONSIBILITY & SUSTAINABILITY REPORT
29 Dec 22