Patrick Industries, Inc. (OQ:PATK)
Business Focus: Construction Supplies
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 107 West Franklin Street PO Box 638 ELKHART IN 46515 |
| Tel: | 1-574-2947511 |
| Website: | https://patrickind.com |
| IR: | See website |
| Key People | ||
| Todd M. Cleveland Chairman of the Board | Jeffrey M. Rodino President | Andrew L. Nemeth Chief Executive Officer, Director |
| Andrew C. Roeder Chief Financial Officer, Executive Vice President - Finance, Treasurer | Hugo Gonzalez Chief Operating Officer, Executive Vice President - Operations | Stacey Amundson Chief Human Resource Officer - Human Resources, Executive Vice President |
| Charlie Roeder Executive Vice President - Sales | Joel D. Duthie Executive Vice President, Chief Legal Officer, Secretary | |
| Business Overview |
| Patrick Industries, Inc. is a component solutions provider for the recreational vehicle (RV), marine, powersports and housing markets. The Company's segments include Manufacturing, which offers laminated products for furniture, shelving, walls and countertops; decorative vinyl, wrapped vinyl, paper laminated panels and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; and other products, and Distribution segment, which provides pre-finished wall and ceiling panels, drywall and drywall finishing products, interior and exterior lighting products, wiring, electrical and plumbing products, transportation and logistics services and other products. It operates through a network that includes approximately 179 manufacturing plants and 62 warehouse and distribution facilities located in 23 states with presence in Mexico, China, and Canada. It also serves original equipment manufacturers (OEMs), and various other industrial markets. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Patrick Industries, Inc. revenues decreased 29% to $3.47B. Net income decreased 56% to $142.9M. Revenues reflect Manufacturing segment decrease of 28% to $2.59B, Distribution segment decrease of 31% to $881.3M. Net income also reflects Manufacturing segment income decrease of 40% to $321.1M, Distribution segment income decrease of 34% to $90.1M. Dividend per share increased from $1.44 to $1.90. |
| Employees: | 10,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,354M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,468M as of Dec 31, 2023 |
| EBITDA (TTM): | $404.74M as of Dec 31, 2023 |
| Net annual income (TTM): | $142.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | $307.55M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,014M as of Dec 31, 2023 |
| Shares outstanding: | 22,401,350 as of Mar 22, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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