PATK Stock - Patrick Industries, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.72B | $3.47B | $4.88B | $4.08B | $2.49B |
| Gross Profit | $835.89M | $782.23M | $1.06B | $801.19M | $459.02M |
| Gross Margin | 22.5% | 22.6% | 21.7% | 19.6% | 18.5% |
| Operating Income | $258.04M | $260.20M | $496.17M | $351.71M | $173.37M |
| Net Income | $138.40M | $142.90M | $328.20M | $224.91M | $97.06M |
| Net Margin | 3.7% | 4.1% | 6.7% | 5.5% | 3.9% |
| EPS | $4.25 | $6.65 | $14.97 | $9.87 | $4.27 |
Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum product; fiberglass and plastic components; RV painting; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinet; polymer-based flooring product; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat covers, tower, top, and frame; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite part, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, marine accessories, wiring product, electrical and plumbing product, fiber reinforced polyester product; cement siding product, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other products. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 31st 2025 | Loop Capital | Initiation | Hold | $99 |
| April 4th 2025 | Robert W. Baird | Downgrade | Neutral | $96 |
| October 1st 2024 | Raymond James | Initiation | Outperform | $160 |
| August 29th 2024 | The Benchmark Company | Initiation | Buy | $145 |
| December 7th 2023 | BMO Capital Markets | Initiation | Outperform | $105 |
| April 19th 2023 | KeyBanc Capital Markets | Initiation | Overweight | $80 |
| August 26th 2022 | DA Davidson | Initiation | Neutral | $65 |
| May 5th 2022 | MKM Partners | Initiation | Buy | $93 |
| April 12th 2022 | Truist | Initiation | Buy | $75 |
Earnings History & Surprises
PATKEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.73 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.95 | $1.01 | +6.3% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $1.41 | $1.50 | +6.4% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.98 | $1.11 | +13.3% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.79 | $0.52 | -34.2% | ✗ MISS |
Q4 2024 | Oct 31, 2024 | $1.22 | $1.20 | -1.6% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $1.36 | $1.44 | +5.9% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.88 | $1.19 | +35.2% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.94 | $0.99 | +5.3% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $1.15 | $1.21 | +5.2% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $1.26 | $1.29 | +2.4% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.75 | $0.90 | +20.0% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $1.14 | $1.21 | +6.1% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.35 | $1.62 | +20.0% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $2.28 | $3.54 | +55.3% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $1.93 | $3.03 | +57.0% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $1.37 | $1.70 | +24.1% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $1.37 | $1.63 | +19.0% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $1.22 | $1.68 | +37.7% | ✓ BEAT |
Latest News
Keybanc Maintains Overweight on Patrick Industries, Raises Price Target to $120
📈 PositivePatrick Industries Increases Quarterly Dividend From $0.40 To $0.47
📈 PositiveBenchmark Maintains Buy on Patrick Industries, Raises Price Target to $115
📈 PositiveKeybanc Maintains Overweight on Patrick Industries, Raises Price Target to $115
📈 PositiveLoop Capital Initiates Coverage On Patrick Industries with Hold Rating, Announces Price Target of $99
➖ NeutralPatrick Industires CEO Andy Nemeth Says Company Is "well positioned for the fourth quarter and fiscal 2026, and we continue to operate from a position of strength"
📈 PositivePatrick Industries Q3 Adj. EPS $1.01 Beats $0.94 Estimate, Sales $975.631M Beat $896.809M Estimate
📈 PositiveTruist Securities Maintains Buy on Patrick Industries, Raises Price Target to $114
📈 PositivePatrick Non-GAAP EPS of $1.11 beats by $0.15, revenue of $1B beats by $39.21M
📈 PositiveFrequently Asked Questions about PATK
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