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Allspring Global Investments Holdings LLC reduced its position in Patrick Industries, Inc. (NASDAQ:PATK – Free Report) by 41.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,132 shares of the construction company’s stock after selling 24,455 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Patrick Industries worth $3,857,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of Patrick Industries by 12,134.2% in the fourth quarter. SG Americas Securities LLC now owns 259,365 shares of the construction company’s stock worth $28,123,000 after purchasing an additional 257,245 shares in the last quarter. Bessemer Group Inc. increased its stake in Patrick Industries by 3,602.4% in the 4th quarter. Bessemer Group Inc. now owns 149,912 shares of the construction company’s stock valued at $16,255,000 after buying an additional 145,863 shares during the period. Copeland Capital Management LLC increased its stake in shares of Patrick Industries by 23.4% in the fourth quarter. Copeland Capital Management LLC now owns 478,999 shares of the construction company’s stock worth $51,938,000 after acquiring an additional 90,691 shares during the last quarter. Nicholas Investment Partners LP acquired a new position in shares of Patrick Industries in the fourth quarter worth $5,201,000. Finally, HighRoad Wealth Advisors LLC purchased a new stake in shares of Patrick Industries during the fourth quarter worth $1,551,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets A number of brokerages have commented on PATK. Weiss Ratings downgraded Patrick Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Robert W. Baird set a $110.00 price target on Patrick Industries in a research note on Friday, May 1st. KeyCorp decreased their target price on shares of Patrick Industries from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen lowered shares of Patrick Industries from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Benchmark cut their price target on shares of Patrick Industries from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.75.

Read Our Latest Stock Analysis on PATK

Insider Buying and Selling In related news, insider Jacob R. Petkovich acquired 1,300 shares of the stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $95.57 per share, with a total value of $124,241.00. Following the completion of the transaction, the insider directly owned 46,290 shares of the company’s stock, valued at approximately $4,423,935.30. The trade was a 2.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director M Scott Welch acquired 10,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of $88.23 per share, for a total transaction of $886,711.50. Following the completion of the acquisition, the director owned 156,000 shares of the company’s stock, valued at $13,763,880. This trade represents a 6.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 28,700 shares of company stock valued at $2,532,880. 3.80% of the stock is owned by corporate insiders.

Patrick Industries Price Performance PATK opened at $84.50 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.71 and a quick ratio of 1.04. The company’s 50 day simple moving average is $87.76 and its 200-day simple moving average is $106.81. Patrick Industries, Inc. has a one year low of $81.29 and a one year high of $148.50. The stock has a market capitalization of $2.78 billion, a P/E ratio of 21.67 and a beta of 1.11.

Patrick Industries (NASDAQ:PATK – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. Patrick Industries had a net margin of 3.46% and a return on equity of 13.24%. The company had revenue of $997.17 million during the quarter, compared to analysts’ expectations of $989.06 million. During the same quarter in the previous year, the company earned $1.11 EPS. Patrick Industries’s revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Patrick Industries, Inc. will post 4.63 earnings per share for the current fiscal year.

Patrick Industries Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.2%. Patrick Industries’s payout ratio is presently 48.21%.

Patrick Industries Company Profile (Free Report)

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.

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, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its second quarter and six months 2026 financial results before the market opens on Thursday, July 30, 2026.

Patrick Industries will host a conference call on Thursday, July 30, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 407-9036. Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investors." A replay of the conference call will also be available via the Company's investor relations website.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:
Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will attend the upcoming CJS Securities 26th Annual "New Ideas" Summer Conference to be held in White Plains, NY on July 9, 2026.

Patrick's management team will participate in a fireside chat and one-on-one meetings with institutional investors and analysts.

Please contact CJS for attendance information and additional details.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Patrick Industries, Inc. (NASDAQ: PATK) related to its merger with LCI Industries. Upon completion of the proposed transaction, Patrick shareholders will own approximately 52% of the combined company. Is it a fair deal?

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SOURCE Monteverde & Associates PC

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of Patrick Industries, Inc. (NASDAQ: PATK) and LCI Industries. Upon completion of the proposed transaction, Patrick shareholders will own approximately 52% of the combined company. Halper Sadeh encourages Patrick shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or zhalper@h.

Allspring Global Investments Holdings LLC cut its position in shares of Patrick Industries, Inc. (NASDAQ:PATK – Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,587 shares of the construction company’s stock after selling 15,739 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Patrick Industries worth $6,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PATK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Patrick Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company’s stock valued at $1,632,000 after purchasing an additional 851 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Patrick Industries by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company’s stock valued at $5,957,000 after purchasing an additional 3,748 shares during the last quarter. Strs Ohio bought a new stake in shares of Patrick Industries in the 1st quarter valued at approximately $42,000. Cetera Investment Advisers lifted its stake in shares of Patrick Industries by 64.8% in the 2nd quarter. Cetera Investment Advisers now owns 6,058 shares of the construction company’s stock valued at $559,000 after purchasing an additional 2,381 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Patrick Industries by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,839 shares of the construction company’s stock valued at $2,200,000 after purchasing an additional 1,568 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Patrick Industries Price Performance Shares of PATK stock opened at $113.86 on Tuesday. Patrick Industries, Inc. has a 52-week low of $72.99 and a 52-week high of $148.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.80 and a current ratio of 2.51. The firm has a market capitalization of $3.77 billion, a P/E ratio of 29.12 and a beta of 1.35. The stock has a 50 day moving average price of $123.95 and a 200 day moving average price of $113.69.

Patrick Industries (NASDAQ:PATK – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. Patrick Industries had a return on equity of 13.28% and a net margin of 3.42%.The firm had revenue of $924.17 million during the quarter, compared to analyst estimates of $858.62 million. During the same period last year, the company earned $0.52 EPS. Patrick Industries’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Patrick Industries, Inc. will post 5.33 earnings per share for the current year.

Patrick Industries Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, February 23rd. Patrick Industries’s dividend payout ratio (DPR) is currently 48.08%.

Analysts Set New Price Targets Several equities research analysts have recently issued reports on PATK shares. Wall Street Zen raised Patrick Industries from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp reaffirmed an “overweight” rating and issued a $155.00 price objective (up from $135.00) on shares of Patrick Industries in a research note on Friday, February 6th. Benchmark reaffirmed a “buy” rating on shares of Patrick Industries in a research note on Friday, February 6th. Robert W. Baird set a $140.00 price objective on Patrick Industries in a research note on Friday, February 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Patrick Industries in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.13.

View Our Latest Report on PATK

Insider Activity In related news, COO Hugo E. Gonzalez sold 13,514 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.10, for a total transaction of $1,528,433.40. Following the completion of the sale, the chief operating officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,830,018.40. This trade represents a 28.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director M Scott Welch purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $113.68 per share, with a total value of $1,136,800.00. Following the completion of the purchase, the director directly owned 146,000 shares in the company, valued at $16,597,280. The trade was a 7.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 11,110 shares of company stock worth $1,289,895 and sold 20,121 shares worth $2,477,337. 4.40% of the stock is currently owned by insiders.

Patrick Industries Profile (Free Report)

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.

Featured Stories Five stocks we like better than Patrick Industries Want to see what other hedge funds are holding PATK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patrick Industries, Inc. (NASDAQ:PATK – Free Report).

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, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its first quarter 2026 financial results before the market opens on Thursday, April 30, 2026.

Patrick Industries will host a conference call on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 407-9036. Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investors." A replay of the conference call will also be available via the Company's investor relations website.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

-

ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII) today confirmed that it is in discussions with Patrick Industries, Inc. (NASDAQ: PATK) regarding a possible merger of equals.

These discussions are ongoing, and there can be no assurances that such discussions will result in a transaction or on what terms any transaction may occur. LCI Industries does not intend to comment further unless and until it determines further disclosure is appropriate.

About LCI Industries

LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" with respect to a potential transaction and the anticipated timing, terms, and completion of any such transaction, and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.

Forward-looking statements are based on current expectations and assumptions and are subject to a number of factors, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, the possibility that no agreement will be reached, the required regulatory approvals may not be obtained, or that other conditions to a potential transaction may not be satisfied, and other risks and uncertainties discussed more fully under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

More News From LCI Industries

Back to Newsroom

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, today reported financial results for the first quarter ended March 29, 2026.

First Quarter 2026 Highlights (compared to First Quarter 2025 unless otherwise noted)

Net sales were $997 million compared to $1,003 million. Marine revenue growth of 14% and Powersports revenue growth of 28% were offset by lower revenue in the Company's RV and Housing markets, primarily reflecting lower wholesale industry unit shipments. Patrick's RV content per unit (on a trailing 12-month basis) increased 8%, while estimated Marine content per unit (on a trailing 12-month basis) grew 17%. Operating income was $65 million compared to $66 million. Operating margin was 6.5%, flat compared to the prior year period. Net income increased 3% to $39 million. Diluted earnings per share (EPS) was $1.10 compared to $1.11 in the prior year period. EPS includes the dilutive impact of convertible notes and related warrants of approximately $0.10 per share, compared to $0.05 in the prior year period. Adjusted EBITDA1 was $113 million compared to $116 million. Adjusted EBITDA margin1 was 11.4% compared to 11.5%. Cash flow used in operating activities was $14 million compared to cash provided by operating activities of $40 million in the prior year period. Free cash flow1, on a trailing twelve-month basis, was $194 million. Returned $31 million to shareholders in the first quarter of 2026, including $16 million through regular quarterly dividends and $15 million through share repurchases. During the second quarter through April 29, 2026, the Company repurchased approximately 153,100 shares for approximately $15 million. Total net liquidity was $734 million at the end of the first quarter; total net leverage ratio was 2.8x. On April 17, 2026, the Company confirmed that it is in discussions with LCI Industries (NYSE: LCII) regarding a potential merger of equals transaction. The Company provided no assurance that any transaction will result from these discussions nor provided any terms for a possible transaction. No further updates are available at this time. "I want to thank our team members for their dedication and commitment, as they continued to execute with focus to deliver resilient performance and demonstrate the strength and adaptability of our diversified business model in a challenging and uncertain macroeconomic environment," said Andy Nemeth, Chief Executive Officer. "Content gains were strong as a result of our team's tremendous focus on innovation and product solutions, and helped to offset shipment declines in our RV, Marine, and Manufactured Housing markets. The demand environment in the first quarter was influenced by macroeconomic and geopolitical headwinds and dealer ordering discipline. Against this backdrop, our team's ability to pivot quickly, combined with our customer-focused approach, enabled us to outperform in our Outdoor Enthusiast end markets."

Net sales were $997 million compared to $1,003 million in the first quarter of 2025. Revenue from the Company's Outdoor Enthusiast end markets, which include RV, Marine and Powersports, increased 2%, which was offset by a 6% decrease in revenue from its Housing end market. Content per wholesale RV unit (on a trailing 12-month basis) increased 8%, partially offsetting a 12% reduction in wholesale RV industry unit shipments, while estimated content per wholesale powerboat unit (on a trailing 12-month basis) increased 17%, which more than offset an estimated 7% decline in wholesale industry unit shipments.

Operating income was $65 million compared to $66 million in the first quarter of 2025. Operating margin of 6.5% was unchanged versus the same period a year ago.

Net income increased 3% to $39 million, or $1.10 per diluted share, compared to $38 million, or $1.11 per diluted share in the first quarter of 2025. EPS in the first quarter of 2026 includes approximately $0.10 of dilution from the Company's convertible notes and related warrants compared to $0.05 in the prior year period.

Jeff Rodino, President, said, "RV OEM adoption of our composite solutions continues to gain traction as we expand our capabilities and product lineup to meet evolving customer needs. On the Marine side, the growth in content per unit reflects our strong performance in the last model-year changeover and the impact of recent marine-related acquisitions. Additionally, attachment rates within our Powersports business have continued to grow, as OEMs have increasingly adopted the Sportech cab enclosures. Across our businesses, we remain committed to delivering the value-added products, services, and solutions our customers expect."

First Quarter 2026 Revenue by Market Sector
(compared to First Quarter 2025 unless otherwise noted)

RV (45% of Revenue)

Revenue of $446 million decreased 7% while wholesale RV industry unit shipments decreased 12%. Content per wholesale RV unit (on a trailing twelve-month basis) increased 8% to $5,277 when compared to the prior year period and increased 2% when compared to the fourth quarter of 2025. Marine (17% of Revenue)

Revenue of $170 million increased 14% while estimated wholesale powerboat industry unit shipments decreased 7%.  Estimated content per wholesale powerboat unit (on a trailing twelve-month basis) increased 17% to $4,657 when compared to the prior year period and increased 6% when compared to the fourth quarter of 2025. Powersports (10% of Revenue)

Revenue of $104 million increased 28% primarily reflecting higher attachment rates for Patrick's premium utility vehicle content. Housing (28% of Revenue, comprised of Manufactured Housing ("MH") and Industrial)

Revenue of $277 million decreased 6%; estimated wholesale MH industry unit shipments decreased 11%; total housing starts increased 1%. Estimated content per wholesale MH unit (on a trailing twelve-month basis) was $6,636, or flat, when compared to the prior year period and the fourth quarter of 2025. Balance Sheet, Cash Flow and Capital Allocation

For the first three months of 2026, cash used in operating activities was $14 million compared to cash provided by operating activities of $40 million for the prior year period, primarily due to a larger increase in working capital investment compared to the first quarter of 2025, largely reflecting a deliberate effort to increase inventory in alignment with the Company's composite products growth strategy. Purchases of property, plant and equipment totaled $19 million in the first quarter of 2026, reflecting continued investment in automation and facility enhancements, which support the Company's ongoing innovation initiatives. On a trailing twelve-month basis, free cash flow1 through the first quarter of 2026 was $194 million compared to $251 million in the prior year period.

Patrick returned $31 million to shareholders during the first three months of 2026, including $16 million through dividends and $15 million for the repurchase of approximately 127,700 shares of the Company's common stock. At the end of the first quarter, the Company had unused capacity of $153 million under its current share repurchase plan. During the second quarter through April 29, 2026, the Company repurchased approximately 153,100 shares for a total of approximately $15 million.

Total debt at the end of the first quarter was approximately $1.4 billion, resulting in a total net leverage ratio of 2.8x (as calculated in accordance with the Company's credit agreement). Available liquidity, comprised of borrowing availability under the Company's credit facility and cash on hand, was approximately $734 million.

Business Outlook and Summary

"As we continue to navigate the dynamic demand environment in 2026, our team remains focused and our strategic direction is clear," continued Mr. Nemeth. "We are confident in our ability to execute on the strategic priorities we have outlined, including investing in and developing our aftermarket platform, driving organic growth, composite product innovation and adoption, execution of our disciplined M&A strategy, and the deployment of capital to support long-term value creation for our customers, employees and shareholders. Supported by our consistent cash flow and strong balance sheet, we remain engaged with our robust pipeline of acquisition candidates, focused on partnering with businesses that enhance our product portfolio, committed to deepening customer relationships, and aligned with our growth objectives. Additionally, we are making prudent organic investments in technology and advanced manufacturing capabilities, including AI-driven tools that are enhancing the visibility and efficiency of our decentralized business structure. We believe that reinvestment throughout the cycle is critical to maintaining our operational resilience and strong market position, while enhancing our ability to drive long-term profitable growth."

1

See additional information at the end of this release regarding non-GAAP financial measures.

Conference Call Webcast

Patrick Industries will host an online webcast of its first quarter 2026 earnings conference call that can be accessed on the Company's website, www.patrickind.com, under "Investors," on Thursday, April 30, 2026 at 10:00 a.m. Eastern Time. A replay will also be available following the call. In addition, a supplemental earnings presentation can be accessed on the Company's website, www.patrickind.com, under "Investors."

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are forward-looking in nature. The forward-looking statements are based on current expectations and our actual results may differ materially from those projected in any forward-looking statement. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Factors that could cause actual results to differ materially from those in forward-looking statements included in this press release include, without limitation: adverse economic and business conditions, including cyclicality and seasonality in the industries we sell our products and inflationary pressures; the financial condition of our customers or suppliers; the loss of a significant customer; changes in consumer preferences; declines in the level of unit shipments or reduction in growth in the markets we serve; the availability of retail and wholesale financing for RVs, watercraft and powersports products, and residential and manufactured homes; pricing pressures due to competition; costs and availability of raw materials, commodities and energy and transportation; supply chain issues, including financial problems of manufacturers, dealers or suppliers and shortages of adequate materials or manufacturing capacity; the challenges and risks associated with doing business internationally; challenges and risks associated with importing products, such as the imposition of duties, tariffs or trade restrictions, changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products used in the operation of our business; the ability to manage our working capital, including inventory and inventory obsolescence; the availability and costs of labor and production facilities and the impact of labor shortages; fuel shortages or high prices for fuel; any interruptions or disruptions in production at one of our key facilities; challenges with integrating acquired businesses; the impact of the consolidation and/or closure of all or part of a manufacturing or distribution facility; an impairment of assets, including goodwill and other long-lived assets; an inability to attract and retain qualified executive officers and key personnel; the effects of union organizing activities; the impact of governmental and environmental regulations, and our inability to comply with them; changes to federal, state, local or certain international tax regulations; unusual or significant litigation, governmental investigations, or adverse publicity arising out of alleged defects in products, services, perceived environmental impacts, or otherwise; public health emergencies or pandemics, such as the COVID-19 pandemic; our level of indebtedness; our inability to comply with the covenants contained in our senior secured credit facility; an inability to access capital when needed; the settlement or conversion of our notes; fluctuations in the market price for our common stock; an inability of our information technology systems to perform adequately; any disruptions in our business due to an IT failure, a cyber-incident or a data breach; any adverse results from our evaluation of our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002; certain provisions in our Articles of Incorporation and Amended and Restated By-laws that may delay, defer or prevent a change in control; adverse conditions in the insurance markets; and the impact on our business resulting from wars and military conflicts, such as war in Ukraine and evolving conflict in the Middle East, including, but not limited to conflict with Iran.

The Company does not undertake to publicly update or revise any forward-looking statements. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

PATRICK INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

First Quarter Ended

(In thousands, except per share data)

March 29,
2026

March 30,
2025

Net sales

$       997,172

$     1,003,420

 Cost of goods sold

770,312

774,829

Gross profit

226,860

228,591

 Operating Expenses:

     Warehouse and delivery

45,032

44,582

     Selling, general and administrative

93,096

93,931

     Amortization of intangible assets

24,010

24,509

           Total operating expenses

162,138

163,022

Operating income

64,722

65,569

     Interest expense, net

18,388

19,112

 Income before income taxes

46,334

46,457

     Income taxes

6,854

8,219

Net income

$         39,480

$         38,238

Basic earnings per common share

$            1.21

$            1.17

Diluted earnings per common share

$            1.10

$            1.11

Weighted average shares outstanding - Basic

32,494

32,671

Weighted average shares outstanding - Diluted

36,047

34,416

PATRICK INDUSTRIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

($ in thousands)

March 29, 2026

December 31, 2025

ASSETS

Current Assets:

Cash and cash equivalents

$                37,472

$                26,432

Trade and other receivables, net

285,379

185,405

Inventories

626,069

595,265

Prepaid expenses and other

65,792

66,020

Total current assets

1,014,712

873,122

Property, plant and equipment, net

413,991

408,502

Operating lease right-of-use assets

216,083

199,087

Goodwill and intangible assets, net

1,561,248

1,582,662

Other non-current assets

12,409

12,801

Total assets

$            3,218,443

$            3,076,174

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current maturities of long-term debt

$                  6,250

$                  6,250

Current operating lease liabilities

57,232

54,956

Accounts payable

217,645

192,448

Accrued liabilities

92,463

94,412

Other current liabilities

430

424

Total current liabilities

374,020

348,490

Long-term debt, less current maturities, net

1,378,433

1,282,821

Long-term operating lease liabilities

163,753

148,889

Deferred tax liabilities, net

100,669

96,875

Other long-term liabilities

13,198

14,802

Total liabilities

2,030,073

1,891,877

Total shareholders' equity

1,188,370

1,184,297

Total liabilities and shareholders' equity

$            3,218,443

$            3,076,174

PATRICK INDUSTRIES, INC.      

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

Three Months Ended

($ in thousands)

March 29, 2026

March 30, 2025

Cash flows from operating activities

Net income

$                39,480

$                38,238

Depreciation and amortization

42,777

42,646

Stock-based compensation expense

5,978

5,249

Deferred income taxes

3,794

(5,737)

Other adjustments to reconcile net income to net cash provided by operating activities

879

1,232

Change in operating assets and liabilities, net of acquisitions of businesses

(106,916)

(41,551)

Net cash (used in) provided by operating activities

(14,008)

40,077

Cash flows from investing activities

Purchases of property, plant and equipment

(18,926)

(20,171)

Business acquisitions and other investing activities

(7,010)

(45,915)

Net cash used in investing activities

(25,936)

(66,086)

Net cash flows provided by financing activities

50,984

79,009

Net increase in cash and cash equivalents

11,040

53,000

Cash and cash equivalents at beginning of year

26,432

33,561

Cash and cash equivalents at end of period

$                37,472

$                86,561

PATRICK INDUSTRIES, INC.
Earnings Per Common Share (Unaudited)

The table below illustrates the calculation of earnings per common share:

First Quarter Ended

(in thousands, except per share data)

March 29,
2026

March 30,
2025

Numerator:

Net income attributable to common shares

$         39,480

$         38,238

Denominator:

Weighted average common shares outstanding - basic

32,494

32,671

Weighted average impact of potentially dilutive convertible notes

1,885

1,067

Weighted average impact of potentially dilutive warrants

1,396

395

Weighted average impact of potentially dilutive securities

272

283

Weighted average common shares outstanding - diluted

36,047

34,416

Earnings per common share:

Basic earnings per common share

$            1.21

$            1.17

Diluted earnings per common share

$            1.10

$            1.11

PATRICK INDUSTRIES, INC.
Non-GAAP Reconciliation (Unaudited)

Use of Non-GAAP Financial Metrics

In addition to reporting financial results in accordance with U.S. GAAP, the Company also provides financial metrics, such as net leverage ratio, content per unit, free cash flow, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, adjusted net income, adjusted diluted earnings per share ("adjusted diluted EPS"), adjusted operating margin, adjusted EBITDA margin and available liquidity, which we believe are important measures of the Company's business performance. These metrics should not be considered alternatives to U.S. GAAP. Our computations of net leverage ratio, content per unit, free cash flow, EBITDA, adjusted EBITDA, adjusted net income, adjusted diluted EPS, adjusted operating margin, adjusted EBITDA margin and available liquidity may differ from similarly titled measures used by others. Content per unit metrics are generally calculated using our market sales divided by Company estimates based on third-party measures of industry volume. We calculate EBITDA by adding back depreciation and amortization, net interest expense, and income taxes to net income. We calculate adjusted EBITDA by taking EBITDA and adding back stock-based compensation, loss on sale of property, plant and equipment, acquisition related transaction costs, acquisition related fair-value inventory step-up adjustments and subtracting out the gain on sale of property, plant and equipment. Adjusted net income is calculated by removing the impact of acquisition related transaction costs, net of tax, and acquisition related fair-value inventory step-up adjustments, net of tax. Adjusted diluted EPS is calculated as adjusted net income divided by our weighted average shares outstanding. Adjusted operating margin is calculated by removing the impact of acquisition related transaction costs and acquisition related fair-value inventory step-up adjustments. We calculate free cash flow by subtracting cash paid for purchases of property, plant and equipment from net cash provided by operating activities. RV wholesale unit shipments are provided by the RV Industry Association. Marine wholesale unit shipments are Company estimates based on data provided by the National Marine Manufacturers Association. MH wholesale unit shipments are Company estimates based on data provided by the Manufactured Housing Institute. Housing starts are provided by the U.S. Census Bureau. You should not consider these metrics in isolation or as substitutes for an analysis of our results as reported under U.S. GAAP.

The following table reconciles net income to EBITDA, adjusted EBITDA and margins:

First Quarter Ended

($ in thousands)

March 29,
2026

% of Net
Sales

March 30,
2025

% of Net
Sales

Net income

$         39,480

4.0 %

$         38,238

3.8 %

+

Depreciation & amortization

42,777

4.3 %

42,646

4.3 %

+

Interest expense, net

18,388

1.8 %

19,112

1.9 %

+

Income taxes

6,854

0.7 %

8,219

0.8 %

EBITDA

107,499

10.8 %

108,215

10.8 %

+

Stock-based compensation

5,978

0.6 %

5,249

0.5 %

+

Acquisition related transaction costs

—

— %

64

— %

-

(Gain) loss on sale of property, plant and equipment

(155)

— %

2,042

0.2 %

Adjusted EBITDA

$        113,322

11.4 %

$        115,570

11.5 %

The following table reconciles cash flow from operations to free cash flow on a trailing twelve-month basis:

Trailing Twelve Months Ended

($ in thousands)

March 29, 2026

March 30, 2025

Cash flows from operating activities

$               275,329

$               331,742

Less: purchases of property, plant and equipment

(81,676)

(80,358)

Free cash flow

$               193,653

$               251,384

The following table reconciles operating margin to adjusted operating margin:

First Quarter Ended

March 29,
2026

March 30,
2025

Operating margin

6.5 %

6.5 %

Acquisition related transaction costs

— %

— %

Adjusted operating margin

6.5 %

6.5 %

The following table reconciles net income to adjusted net income and diluted earnings per common share to adjusted diluted earnings per common share:

First Quarter Ended

($ in thousands, except per share data)

March 29,
2026

March 30,
2025

Net income

$         39,480

$         38,238

+

Acquisition related transaction costs

—

64

-

Tax impact of adjustments

—

(16)

Adjusted net income

$         39,480

$         38,286

Diluted earnings per common share

$            1.10

$            1.11

Acquisition related transaction costs, net of tax

—

—

Adjusted diluted earnings per common share

$            1.10

$            1.11

SOURCE Patrick Industries, Inc.

Patrick Industries (PATK - Free Report) reported $997.17 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 0.6%. EPS of $1.10 for the same period compares to $1.11 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of -0.83%. The company delivered an EPS surprise of +2.16%, with the consensus EPS estimate being $1.08.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Patrick Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales by Market type- Recreational Vehicle: $446 million versus $479.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.Net Sales by Market type- Marine: $170 million versus the three-analyst average estimate of $153.3 million. The reported number represents a year-over-year change of +14.1%.Net Sales by Market type- Powersports: $104 million versus $85.63 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.5% change.Net Sales by Market type- Housing: $277 million compared to the $290.5 million average estimate based on two analysts.View all Key Company Metrics for Patrick Industries here>>>

Shares of Patrick Industries have returned -17.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII) today announced that the company and Patrick Industries (NASDAQ: PATK) have terminated discussions regarding a potential merger of equals, as the companies were unable to reach mutually agreeable terms. LCI Industries and Patrick Industries each previously confirmed discussions on April 17 and noted there could be no assurance that any such agreement would be reached.

As previously announced, LCI Industries will release its first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. LCI Industries will also host a conference call and webcast to discuss its first quarter 2026 results on Tuesday, May 5, 2026, at 8:30 a.m. ET. Additional information is available here: https://investors.lci1.com/news/news-details/2026/LCI-Industries-First-Quarter-2026-Conference-Call-Scheduled-for-May-5-2026-at-830-a-m--ET/default.aspx

About LCI Industries
LCI Industries (NYSE: LCII), through its Lippert subsidiary, is a global leader in supplying engineered components to the outdoor recreation and transportation markets. We believe our innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience have established Lippert as a reliable partner for both OEM and aftermarket customers. For more information, visit www.lippert.com.

Forward-Looking Statements
This press release contains certain "forward-looking statements" with respect to a potential transaction and the anticipated timing, terms, and completion of any such transaction, and other matters. Statements in this press release that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and involve a number of risks and uncertainties.

Forward-looking statements are based on current expectations and assumptions and are subject to a number of factors, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those described in the forward-looking statements. These factors include, in addition to other matters described in this press release, the risks and uncertainties discussed more fully under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's subsequent filings with the Securities and Exchange Commission. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. The Company disclaims any obligation or undertaking to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in one-on-one meetings with investors and analysts at two upcoming conferences in May:

Benchmark 4th Annual Consumer One-on-One Conference will be held in New York, NY on May 19, 2026. KeyBanc Capital Markets Virtual Consumer Leisure Spotlight will be held on May 20, 2026. Please contact Benchmark and KeyBanc for attendance information and additional details.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

Patrick Industries, Inc. Declares Quarterly Cash Dividend PR Newswire

ELKHART, Ind., May 15, 2026

, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on May 14, 2026 its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on June 8, 2026 to shareholders of record at the close of business on May 26, 2026.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. In addition, future dividends are subject to Board approval. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

View original content to download multimedia:https://www.prnewswire.com/news-releases/patrick-industries-inc-declares-quarterly-cash-dividend-302773483.html

SOURCE Patrick Industries, Inc.

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, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in the upcoming Baird 2026 Global Consumer, Technology & Services Conference to be held in New York, NY from June 2-4, 2026.

On June 2nd, Patrick's management team will participate in a fireside chat and hold one-on-one meetings with institutional investors and analysts.

Please contact Baird for attendance information and additional details.

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs more than 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

Contact:

Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511

SOURCE Patrick Industries, Inc.

Aggressive Output. Rugged Reliability. The new series is purpose-built for SPL competition vehicles and performance-focused builds where maximum output matters most.

, /PRNewswire/ -- Rockford Fosgate, the leader in high-performance audio systems, is proud to announce the new PUNCH PRO Speaker Series, engineered to be the loudest speakers in the PUNCH lineup. Purpose-built for SPL competition vehicles, high-volume street performance, and performance-focused builds, the new PUNCH PRO Series delivers aggressive output, rugged reliability, and the unmistakable PUNCH sound.

Rockford Fosgate Introduces New PUNCH® PRO Speakers. Designed for listeners who demand extreme output without sacrificing durability or clarity, PUNCH PRO speakers combine high-efficiency components, oversized motor structures, and ultra-durable materials to deliver relentless volume under demanding conditions. With midrange drivers and tweeters engineered specifically for high-output environments, the series gives installers and enthusiasts the power, output, and dependability needed to take serious builds to the next level.

"Punch Pro brings pro audio efficiency and SPL capability into a dedicated automotive architecture. By utilizing Punch-platform frames, we achieved a true 'Engineered Fit' for direct integration without modification. And with a new compact bullet tweeter option, we've made it easier than ever to deliver pro-level output into tighter vehicle spaces" said Wayne Connolly, Vice President of Product Development.

Performance-driven from the inside out, PUNCH PRO speakers feature precision-engineered phase plugs that help project high-frequency detail with accuracy, allowing music to stay clear and focused even at elevated volume. Oversized motor structures improve efficiency and support extended playtime, while a 75-watt RMS and 150-watt peak power rating gives the series the strength to keep up when the system is pushed hard.

Built to perform like a true workhorse, every component and material in the PUNCH PRO Series was selected for strength and long-term reliability. Reinforced polymer baskets, high-density cones, and reinforced tweeter diaphragms help deliver class-leading construction designed to withstand the demands of competition-level output and aggressive everyday performance.

The series is also engineered for demanding environments. UV-resistant materials in the cone, surround, and frame help protect against prolonged sun exposure, while treated paper cones, durable surrounds, and fatigue-resistant spiders are designed to maintain performance over time. For enhanced control and system tuning, the PUNCH PRO platform also includes an external crossover engineered for high-output applications. The precision external low-pass crossover provides accurate signal control for seamless integration of dual midrange drivers and a tweeter while preserving sonic integrity under high-power conditions. Selectable tweeter attenuation at 0 dB, –3 dB, and –6 dB allows installers to fine-tune high-frequency output for optimal tonal balance across a wide range of system configurations.

Inside the crossover, optimized midrange filtering uses laminated steel-core inductors for low-loss, high-current handling and smooth, controlled midrange response. Ceramic resistors, aluminum heatsinks, and a vented chassis work together to efficiently dissipate heat, helping maintain consistent performance during extended, high-output listening sessions.

The PUNCH PRO Speaker Series is designed for competition-level output, aggressive everyday performance, and systems that need to play loud and hold up under pressure. Available in multiple sizes and configurations, PUNCH PRO brings aggressive output, rugged durability, and the unmistakable PUNCH sound to performance-focused builds.

For more information visit: rockfordfosgate.com or visit an authorized dealer.

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

SOURCE Rockford Fosgate