News & Videos - PATRICK INDUSTRIES INC. - Page 2

Patrick Industries, Inc. Announces First Quarter 2023 Earnings Release and Conference Call Webcast on April 27, 2023 PR Newswire ELKHART, Ind., April 13, 2023 ELKHART, Ind. , April 13, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") today announced that it will release its first quarter 2023 financial results before the market opens on Thursday, April 27, 2023 . Patrick Industries will host a conference call on Thursday, April 27, 2023 at 10:00 a.m. Eastern Time to...

PATRICK INDUSTRIES, INC. REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND PR Newswire ELKHART, Ind., Feb. 9, 2023 Fourth Quarter 2022 Highlights (compared to Fourth Quarter 2021 unless otherwise noted) Net sales of $952 million decreased 17%, with increased marine and manufactured housing revenue partially offsetting a 47% wholesale unit shipment decline in the RV end market Gross margin of 21.1% increased 130 basis points Operating income...

PATRICK INDUSTRIES, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL WEBCAST ON FEBRUARY 9, 2023 PR Newswire ELKHART, Ind., Jan. 26, 2023 ELKHART, Ind. , Jan. 26, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") today announced it will release its fourth quarter and twelve months 2022 financial results before the market opens on Thursday, February 9, 2023 . Patrick Industries will host a conference call on Thursday, February 9, 2023 at 10:00...

PATRICK INDUSTRIES, INC. PUBLISHES INAUGURAL RESPONSIBILITY & SUSTAINABILITY REPORT PR Newswire ELKHART, Ind., Dec. 29, 2022 ELKHART, Ind. , Dec. 29, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company"), a leading component solutions provider for the Leisure Lifestyle and Housing markets, today announced the publication of its inaugural Responsibility & Sustainability Report (the "Report"). The Report introduces a framework for the Company's measurement and reporting of...

PATRICK INDUSTRIES, INC. ANNOUNCES INCREASED SHARE REPURCHASE AUTHORIZATION PR Newswire ELKHART, Ind., Dec. 14, 2022 ELKHART, Ind. , Dec. 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") announced that on December 12, 2022 , its Board of Directors (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 $100.0 million , including the $38.2 million...

PATRICK INDUSTRIES, INC. COMPLETES ACQUISITION OF TRANSHIELD PR Newswire ELKHART, Ind., Nov. 28, 2022 ELKHART, Ind. , Nov. 28, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading national component solutions provider for the leisure lifestyle and housing markets, announced today that it has completed the acquisition of Elkhart, Indiana -based Transhield, a premier designer and manufacturer of customized and proprietary protection solutions for the...

Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend PR Newswire ELKHART, Ind., Nov. 11, 2022 ELKHART, Ind. , Nov. 11, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on November 10, 2022 , its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.45 per share from $0.33 per share. The dividend is payable on December 12, 2022 , to shareholders of record at the close...

Patrick Industries, Inc. Reports Third Quarter 2022 Financial Results PR Newswire ELKHART, Ind., Oct. 27, 2022 Third Quarter 2022 Highlights (compared to Third Quarter 2021 unless otherwise noted) Net sales of $1.11 billion increased 5%, reflecting growth in our marine and housing markets, partially offset by a 40% reduction in RV OEM shipments Gross profit of $236 million increased 14% Gross margin of 21.3% increased 170 basis points Operating income of $93 million Operating margin of 8.3%...

Patrick Industries, Inc. Announces Third Quarter 2022 Earnings Release and Conference Call Webcast on October 27, 2022 PR Newswire ELKHART, Ind., Oct. 13, 2022 ELKHART, Ind. , Oct. 13, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its third quarter and nine months 2022 financial results before the market opens on Thursday, October 27, 2022 . Patrick Industries also expects to host a conference call on Thursday, October 27, 2022 at 10:00...

Patrick Industries, Inc. Announces Expansion of Credit Facility PR Newswire ELKHART, Ind., Aug. 15, 2022 ELKHART, Ind. , Aug. 15, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 11, 2022 , the Company amended its credit agreement to expand its existing senior secured credit facility to $925 million from $700 million . The expanded credit facility is comprised of a $775 million revolving credit facility and a $150 million...

Patrick Industries, Inc. Declares Quarterly Cash Dividend PR Newswire ELKHART, Ind., Aug. 12, 2022 ELKHART, Ind. , Aug. 12, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on August 10, 2022 , its Board of Directors declared a quarterly cash dividend on its common stock of $0.33 per share. The dividend is payable on September 12, 2022 , to shareholders of record at the close of business on August 29, 2022 . About Patrick Industries, Inc. Patrick Industries...

Patrick Industries, Inc. Reports Second Quarter 2022 Financial Results PR Newswire ELKHART, Ind., July 28, 2022 Second Quarter 2022 Highlights (compared to Second Quarter 2021 unless otherwise noted) Net sales of $1.5 billion increased 45%, reflecting contributions from all end markets and from 2021 and 2022 acquisitions Gross profit of $327 million increased 60% Gross margin of 22.2% increased 220 basis points Operating income of $174 million increased 83% Operating margin of 11.8% increased...

Patrick Industries, Inc. Announces Second Quarter 2022 Earnings Release and Conference Call Webcast on July 28, 2022 PR Newswire ELKHART, Ind., July 14, 2022 ELKHART, Ind. , July 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its second quarter and six months 2022 financial results before the market opens on Thursday, July 28, 2022 . Patrick Industries also expects to host a conference call on Thursday, July 28, 2022 at 10:00 a.m....

Patrick Industries, Inc. Declares Quarterly Cash Dividend PR Newswire ELKHART, Ind., May 13, 2022 ELKHART, Ind. , May 13, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on May 12, 2022 , its Board of Directors declared a quarterly cash dividend on its common stock of $0.33 per share. The dividend is payable on June 13, 2022 , to shareholders of record at the close of business on May 31, 2022 . About Patrick Industries, Inc. Patrick Industries (NASDAQ: PATK) is...

Patrick Industries, Inc. Completes Acquisition of Diamondback Towers, LLC PR Newswire ELKHART, Ind., May 9, 2022 ELKHART, Ind. , May 9, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Diamondback Towers, LLC d/b/a Diamondback Marine, a Cocoa, Florida -based manufacturer of premium wakeboard/ski towers and accessories for marine OEMs. "We are thrilled to welcome Diamondback Marine to the Patrick...

Patrick Industries, Inc. Reports First Quarter 2022 Financial Results PR Newswire ELKHART, Ind., April 28, 2022 First Quarter 2022 Highlights (compared to First Quarter 2021 unless otherwise noted) Net sales of $1.3 billion increased 58%, reflecting momentum in all end markets and contribution from 2021 acquisitions Gross profit of $295 million increased 83% Gross margin of 22.0% increased 300 basis points Operating income of $162 million increased 136% Operating margin of 12.1% increased 400...

Patrick Industries, Inc. Announces First Quarter 2022 Earnings Release and Conference Call Webcast on April 28, 2022 PR Newswire ELKHART, Ind., April 14, 2022 ELKHART, Ind. , April 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its first quarter 2022 financial results before the market opens on Thursday, April 28, 2022 . Patrick Industries also expects to host a conference call on Thursday, April 28, 2022 at 10:00 a.m. Eastern Time to...

Patrick Industries, Inc. Completes Acquisition of Rockford Corporation and the Rockford Fosgate Brand PR Newswire ELKHART, Ind., March 7, 2022 ELKHART, Ind. , March 7, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed its previously announced acquisition by merger of Arizona -based Rockford Corporation ("Rockford") and the Rockford Fosgate® brand. Rockford is a global leader in the design and distribution of premier,...

Rockford Corporation Announces Definitive Agreement for Patrick Industries, Inc. to Acquire Rockford Corporation and the Rockford Fosgate Brand PR Newswire TEMPE, Ariz., Feb. 24, 2022 TEMPE, Ariz. , Feb. 24, 2022 /PRNewswire/ -- Rockford Corporation (OTC Pink: ROFO.PK) announced today that it has signed a definitive agreement under which Rockford will become a wholly owned subsidiary of Patrick Industries, Inc. by merger. Patrick Industries (NASDAQ: PATK) is a leading component solutions...

Patrick Industries, Inc. Signs Definitive Agreement to Acquire Rockford Corporation and the Rockford Fosgate Brand PR Newswire ELKHART, Ind., Feb. 24, 2022 ELKHART, Ind. , Feb. 24, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has signed a definitive agreement under which Arizona -based Rockford Corporation ("Rockford") will become a wholly-owned subsidiary of Patrick by merger. Rockford, through its brand Rockford Fosgate®, is...