Stock Data
$0.96 (1.15%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
RECREATIONAL VEHICLES
Patrick Industries, Inc., based in Elkhart, Indiana, is a key player in manufacturing and distributing a wide array of component products and materials primarily for the recreational vehicle and marine sectors, as well as for manufactured housing and various industrial markets across the United States, Mexico, China, and Canada. The company's offerings include everything from laminated products for furniture and cabinets, to fiberglass bath fixtures, hardwood furniture, and advanced audio systems. Additionally, Patrick Industries provides a vast range of products through its Distribution segment, including wall panels, electronic components, and marine accessories, complemented by transportation and logistics services.
Microchip Technology is sending shareholders $247.1 million, or 45.5 cents a share, with the money arriving September 9. Tractor Supply is next with $125.0 million, followed by Golar LNG, Patrick Industries and Jefferson Capital.
Patrick Industries cleared Q2 expectations with Marine and Powersports growth of 22% and 28% respectively offsetting a 15% collapse in RV revenue, signaling that its diversification strategy can absorb severe sector-specific downturns without stumbling. The diversified supplier beat EPS by 4.4% and revenue by 4.7%, though adjusted EBITDA dipped due to RV headwinds and merger-related costs ahead of its all-stock combination with LCI Industries.
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