Patrick Industries, Inc. (OQ:PATK)

Sector:  Consumer Cyclicals Industry:  Construction Supplies & Fixtures
See Regulatory Filings on SEC
Company Contact
Address: 107 W Franklin St
PO Box 638
ELKHART IN 46515-0638
Tel: N/A
IR: See website
Key People
Todd M. Cleveland
Chairman, Executive Director
Andrew L. Nemeth
President, Chief Executive Officer, Director
John A. Forbes
Interim Chief Financial Officer, Director
Kip B. Ellis
Executive Vice President - Operations, Chief Operating Officer
Courtney A. Blosser
Chief Human Resource Officer, Executive Vice President - Human Resources
Jeffrey M. Rodino
Executive Vice President - Sales, Chief Sales Officer
Business Overview
Patrick Industries, Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. The Company's segments include Manufacturing and Distribution. It manufactures a range of products, which include decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass and plastic component products including front and rear caps and marine helms, interior passage doors, RV painting, and slotwall panels and components, among others.
Financial Overview
For the three months ended 29 March 2020, Patrick Industries, Inc. revenues decreased 3% to $589.2M. Net income increased 2% to $21.2M. Revenues reflect Manufacturing segment decrease of 3% to $419.3M, Distribution segment decrease of 7% to $170M. Net Income benefited from Distribution segment income increase of 20% to $10M, Manufacturing segment income increase of 3% to $45.7M. Dividend per share totaled to $0.25.
Employees: 7,500 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,920M as of Mar 29, 2020
Annual revenue (TTM): $2,318M as of Mar 29, 2020
EBITDA (TTM): $222.32M as of Mar 29, 2020
Net annual income (TTM): $89.90M as of Mar 29, 2020
Free cash flow (TTM): $146.62M as of Mar 29, 2020
Net Debt Last Fiscal Year: $582.71M as of Mar 29, 2020
Shares outstanding: 23,504,223 as of Apr 24, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization