82.12
+4.23%
Close of 9 Nov 2026, in USD
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About Patrick Industries
From its filings with the US Securities and Exchange Commission
Patrick Industries is based in Elkhart, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker PATK. The SEC classifies its business as motor vehicle parts & accessories. In the fiscal year to 31 December 2025, it reported revenue of $3.95bn and net income of $135.1m. At that date it held total assets of $3.08bn and shareholders' equity of $1.18bn. By business, Recreational Vehicle brought in 45.0% of revenue, followed by Manufactured Housing at 17.2% and Marine at 15.3%.
Patrick is a leading component solutions provider for the recreational vehicle ("RV"), marine, powersports, manufactured housing ("MH") and various industrial markets – including single and multi-family housing, hospitality, institutional and commercial markets.
The Company’s capital allocation strategy is to optimally manage and utilize its resources and leverage its platform of operating brands to continue to grow, reinvest in its business, and return capital to shareholders. Through strategic acquisitions, expansion both geographically and into new product lines and investment in infrastructure and capital expenditures, Patrick seeks to ensure that its operating network contains capacity, technology and innovative thought processes to support anticipated growth needs, effectively respond to changes in market conditions, inventory and sales levels, and successfully integrate manufacturing, distribution and administrative functions.
Over the last three years, we have executed on a number of new product initiatives and completed acquisitions for aggregate cash consideration of approximately $560 million, net of cash acquired. These product initiatives and acquisitions directly complement our core competencies and existing products, expand our presence in our primary end markets, and position us to opportunistically enter into adjacent end markets or product categories.
Quoted from its 10-K, filed 19 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Auto Components
- Listed since
- 17 Mar 1980
- Employees
- 10,000
- Website
- patrickind.com ↗
- Head office
- 107 WEST FRANKLIN STREET, ELKHART, IN, 46516
- Incorporated in
- IN
- Classification
- Motor Vehicle Parts & Accessories
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Andrew NemethChairman of the Board, Chief Executive Officer, since 1996$6.4m
- Mr. Jeffrey RodinoPresident$3.2m
- Mr. Andrew RoederChief Financial Officer, Executive Vice President - Finance, Treasurer$3.4m
- Mr. Kip EllisPresident - Powersports, Technology and Housing$3.0m
- Mr. Jacob PetkovichPresident - Marine$1.7m
- Mr. Hugo GonzalezChief Operating Officer, Executive Vice President - Operations$2.3m
- Ms. Stacey AmundsonChief Human Resources Officer, Executive Vice President - Human Resources
- Mr. Charles RoederExecutive Vice President - Sales and Chief Sales Officer
- Mr. Joel DuthieExecutive Vice President, Chief Legal Officer, Secretary$1.6m
- Mr. Matthew FilerSenior Vice President - Finance, Chief Accounting Officer$1.3m
- Mr. John ForbesLead Independent Director, since 2011$245,658
- Mr. Todd ClevelandDirector, since 2007$388,158
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 44
- Environment
- 60
- Social
- 27
- Governance
- 46
- Women in the workforce
- 33%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Patrick Industries Inc has a strong market position and is a leading manufacturer and distributor of building products and materials in the recreational vehicle (RV), marine, and manufactured housing industries. The company's extensive product portfolio and diverse customer base provide a competitive advantage.
- Patrick Industries Inc has a vertically integrated business model, which allows for better cost control and operational efficiency. The company owns a network of manufacturing facilities and distribution centers, enabling faster delivery and superior customer service.
- The company has experienced steady revenue growth over the past few years, indicating its ability to adapt to changing market conditions and meet customer demands effectively. Patrick Industries Inc also benefits from long-standing relationships with industry-leading customers, providing stability and recurring business.
Weaknesses
- Patrick Industries Inc relies heavily on the performance of the RV and housing markets. Economic downturns or fluctuations in consumer spending on discretionary items could negatively impact the company's sales and profitability.
- There is a certain degree of product concentration, as a significant portion of Patrick Industries Inc's revenue comes from a few key customers. Any loss of these customers or a decline in their demand could have a significant impact on the company's financials.
- The company faces competition from both domestic and international players, which can potentially affect its market share and pricing strategy. Patrick Industries Inc needs to constantly innovate and differentiate its products to stay ahead in a competitive landscape.
Opportunities
- The growing trend towards outdoor recreational activities and travel, including RV vacations, presents a significant opportunity for Patrick Industries Inc. The company can capitalize on this by developing new products tailored to the needs of outdoor enthusiasts and expanding its presence in related markets.
- There is an increasing demand for sustainable and eco-friendly materials in the construction and housing industries. Patrick Industries Inc can explore eco-conscious manufacturing processes and source alternative materials to align with this trend, appealing to environmentally conscious consumers and enhancing its brand image.
- The company can consider strategic acquisitions or partnerships to expand its product offerings and enter new geographical markets. This can help Patrick Industries Inc diversify its revenue streams and reduce dependency on a single sector or region.
Threats
- Changes in government regulations and environmental standards may impact manufacturing practices and increase compliance costs for Patrick Industries Inc. Adapting to these regulations while maintaining profitability can be challenging.
- Fluctuations in raw material prices, such as lumber, resin, and metals, can have a direct impact on the company's production costs and overall profitability. Patrick Industries Inc needs to effectively manage and mitigate these price risks through strategic sourcing and hedging strategies.
- The ongoing global economic uncertainties and geopolitical factors can create volatility in the markets Patrick Industries Inc operates in. Uncertain consumer sentiment and trade disputes can affect demand and disrupt supply chains, potentially impacting the company's financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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