Fourth Quarter and Full Year 2024 Highlights (compared to Fourth Quarter and Full Year 2023 unless otherwise noted) Net sales for the fourth quarter and full year increased 8% to $846 million and 7% to $3.7 billion, respectively, reflecting the contribution of acquisitions, and higher revenue from our Housing and RV end markets.Operating margin for the fourth quarter and full year was 4.7% and 6.9%, respectively. Adjusted operating margin1 for the fourth quarter and full year was 5.2% and 7.2%, respectively.Diluted earnings per share (EPS) for the fourth quarter and full year 2024 was $0.42 and $4.11, respectively. Adjusted diluted EPS1 for the fourth quarter and full year 2024 was $0.52 and

TEMPE, Ariz., Feb. 4, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to announce the new M2 Element Ready™ Subwoofers. Bringing unmatched reliability and deep, powerful bass, with enhanced responsiveness and superior thermal management. Built to handle any adventure, they were engineered to endure the toughest conditions. The M2 subwoofers pack 400 watts of power into a 10-inch design, with flexible options to suit a variety of installations. Choose from infinite baffle or sealed enclosures, as

ELKHART, Ind., Feb. 3, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Elkhart Composites, Inc., a Thor Industries owned company. Marketing its products under the "Elkboard" brand name, Elkhart Composites manufactures composite products for sidewalls and ceilings, which are durable, lightweight, sustainable alternatives to wood products, for sale to Thor branded companies and other external customers. "We are excited about the opportunity to further partner

TEMPE, Ariz., Jan. 24, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to introduce the 2025 lineup of Harley-Davidson powered by Rockford Fosgate Stage III speakers. Purpose-built for the 2023.5 and newer Street and Road Glide models. New this year are the 6.5-inch fairing speakers and 6x9 saddlebag speakers, both designed with a 3-way bridge-mounted system to deliver next level performance. The 6.5-inch fairing and 6x9 saddlebag speakers offer an impressive 250 watts per speaker. Additionally,

ELKHART, Ind., Jan. 23, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its fourth quarter and twelve months 2024 financial results before the market opens on Thursday, February 6, 2025. Patrick Industries will host a conference call on Thursday, February 6, 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 i

ELKHART, Ind., Jan. 7, 2025 /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 CJS Securities 25th Annual "New Ideas for the New Year" Conference on January 14, 2025. Patrick will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held virtually. Please contact CJS Securities for attendance information and additional details. About Patrick Industries, I

TEMPE, Ariz., Jan. 1, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), a global leader in high-performance audio systems, proudly celebrates its 45th anniversary, marking nearly five decades of groundbreaking innovation, customer dedication, and industry leadership. Since its founding in 1980, the company has been at the forefront of audio advancements across mobile, marine, motorcycle, and motorsports platforms. "We're excited to celebrate 45 years of serving our customers and shaping the audio industry," said Zach Luke, President. "This milestone reflects the

ELKHART, Ind., Dec. 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 Truist Securities 12th Annual Gaming, Lodging, Leisure & Restaurants Summit on December 12, 2024. Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in one-on-one meetings with institutional investors and analysts. The conference will be held at the Encore Boston Harbor Hotel, located in Everet

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 sessions. A webcast and presentation materials will be available on the

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 entitled to receive in connection with the split. The stock dividend is

Fourth Quarter and Full Year 2024 Highlights (compared to Fourth Quarter and Full Year 2023 unless otherwise noted) Net sales for the fourth quarter and full year increased 8% to $846 million and 7% to $3.7 billion, respectively, reflecting the contribution of acquisitions, and higher revenue from our Housing and RV end markets.Operating margin for the fourth quarter and full year was 4.7% and 6.9%, respectively. Adjusted operating margin1 for the fourth quarter and full year was 5.2% and 7.2%, respectively.Diluted earnings per share (EPS) for the fourth quarter and full year 2024 was $0.42 and $4.11, respectively. Adjusted diluted EPS1 for the fourth quarter and full year 2024 was $0.52 and

ELKHART, Ind., Feb. 3, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Elkhart Composites, Inc., a Thor Industries owned company. Marketing its products under the "Elkboard" brand name, Elkhart Composites manufactures composite products for sidewalls and ceilings, which are durable, lightweight, sustainable alternatives to wood products, for sale to Thor branded companies and other external customers. "We are excited about the opportunity to further partner

ELKHART, Ind., Jan. 23, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its fourth quarter and twelve months 2024 financial results before the market opens on Thursday, February 6, 2025. Patrick Industries will host a conference call on Thursday, February 6, 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 i

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 entitled to receive in connection with the split. The stock dividend is

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 Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $72.9 million remaining under the previous authoriz

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%.Net income increased 3% to $41 million. Diluted earnings per share of $1.80 included the dilutive impact of our convertible notes and related warrants in the period, or an estimated $0.06 per share. For the first nine months of 2024, adjusted diluted earnings per share incr

ELKHART, Ind., Oct. 17, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months 2024 financial results before the market opens on Thursday, October 31, 2024. Patrick Industries will host a conference call on Thursday, October 31, 2024 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., Sept. 9, 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 completed the acquisition of Bristol, Indiana-based ICON Direct, Inc., which operates as RecPro.com ("RecPro"), a leading e-commerce business and aftermarket platform specializing in creating and marketing component products, systems, and solutions for the RV and marine end markets. The Company estimates RecPro's 2024 revenues will be approximately $80 million.

ELKHART, Ind., Aug. 16, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) today announced that on August 15, 2024, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.55 per share. The dividend is payable on September 9, 2024 to shareholders of record at the close of business on August 26, 2024. 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 and outdoor enthusiasts to ach

Second Quarter 2024 Highlights (compared to Second Quarter 2023 unless otherwise noted) Net sales increased 10% to $1.02 billion driven by a 17% increase in RV revenue, an 11% increase in Housing revenue, and our first quarter acquisition of Sportech, which together more than offset a 30% decline in Marine revenue.Operating margin increased 10 basis points to 8.3%. For the first six months of 2024, operating margin on an adjusted basis improved 40 basis points to 7.7%.Net income increased 13% to $48 million, and diluted earnings per share of $2.16 increased 11%.For the first six months of 2024, adjusted diluted earnings per share increased 20% to $3.95.Adjusted EBITDA increased 14% to $130 m