Patrick Inds Inc - PATK STOCK NEWS

Patrick Industries (NASDAQ: PATK), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, has announced its participation in three major investor conferences in March 2025:

• Raymond James 46th Annual Institutional Investors Conference (March 2-5) in Orlando, Florida
• Bank of America's Consumer and Retail Conference 2025 (March 11-12) in Miami Beach, Florida
• 37th Annual Roth Conference (March 16-18) in Dana Point, California

The company's management team will engage in fireside chats and one-on-one meetings with institutional investors and analysts at these events. Patrick Industries, founded in 1959, serves the RV, Marine, Powersports and Housing markets, employing approximately 10,000 team members across the United States and managing over 85 leading brands.

Rockford Fosgate has launched a new rear subwoofer kit specifically designed for Polaris RZR side-by-sides. The 400-watt system is compatible with 2020-2024 Pro-XP, 2022-2024 Turbo-R, and 2022-2024 Pro-R 4-seat models. The kit features plug-and-play installation without drilling or cutting requirements.

The system incorporates RF3™ technology for factory-fit matching and includes an oval ported enclosure optimized for maximum bass output. A port cap is provided for waterproofing in wet conditions. The kit is built with Element Ready® design to withstand water, dust, and mud exposure. The product is now available through authorized dealers and the company's website.

Patrick Industries (NASDAQ: PATK) has completed the acquisition of Medallion Instrumentation Systems, a Michigan-based provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. Medallion, which generated approximately $38 million in revenue in 2024, specializes in digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges, and LCD touchscreen displays.

The acquisition strengthens Patrick's ability to provide complete technology solutions in the Outdoor Enthusiast space, particularly addressing growing customer preferences for digital switching and custom displays. Medallion will continue operating under its existing brand name and from its current facility, maintaining its market presence while benefiting from Patrick's resources and capabilities.

Patrick Industries (NASDAQ: PATK) reported Q4 and full-year 2024 financial results. Q4 net sales increased 8% to $846 million, while full-year sales grew 7% to $3.7 billion. Q4 operating margin was 4.7% (5.2% adjusted), and full-year operating margin reached 6.9% (7.2% adjusted).

Q4 diluted EPS was $0.42 ($0.52 adjusted), while full-year EPS reached $4.11 ($4.34 adjusted). The company generated $251 million in free cash flow for 2024 and returned $55 million to shareholders through dividends and share repurchases. Notable developments included the acquisitions of Sportech and RecPro, strengthening the company's Powersports and Outdoor Enthusiast segments. The company also refinanced debt through a $500 million Senior Notes issuance and increased its share repurchase authorization to $200 million.

Rockford Fosgate has unveiled its new M2 Element Ready™ Subwoofers, featuring 400 watts of power in a 10-inch design. The subwoofers incorporate advanced technologies including Nano Cell Direct Injection Technology and a composite voice coil engineered for extreme conditions.

The new subwoofers offer flexible installation options with infinite baffle or sealed enclosures, and dual 2-ohm or dual 4-ohm impedance models. Key features include wet-wound voice coils for improved heat dissipation, a composite spider design with epoxy securing, and an aluminum radiator ring for enhanced heat management.

The product is designed for durability and performance in challenging environments, with reinforced components and advanced thermal management systems. The M2 subwoofers are currently available through authorized dealers and the company's website.

Patrick Industries (NASDAQ: PATK) has completed the acquisition of Elkhart Composites, a Thor Industries-owned company based in Elkhart, Indiana. Elkhart Composites, known for its 'Elkboard' brand, manufactures composite products for sidewalls and ceilings as sustainable alternatives to wood products, serving Thor branded companies and other external customers.

The acquisition strengthens Patrick's composite panel solutions portfolio and aligns with their commitment to serving RV and Marine OEM customers. Patrick Industries, founded in 1959, is a leading component solutions provider for RV, Marine, Powersports, and Housing markets, operating with more than 85 brands and employing approximately 10,000 skilled team members throughout the United States.

Rockford Fosgate has unveiled its 2025 lineup of Harley-Davidson Stage III audio systems, specifically designed for 2023.5 and newer Street and Road Glide models. The new lineup features 6.5-inch fairing speakers and 6x9 saddlebag speakers, both incorporating a 3-way bridge-mounted system delivering 250 watts per speaker. Design updates include Hot Rod Red trim rings and matching red badging on the grilles.

The speakers are engineered to optimize sound clarity for rider positioning and feature Element Ready™ technology for all-weather performance. Harley-Davidson will offer complete Stage III audio kits that include the speakers, a 500-watt primary amplifier, and saddlebag installation kit. The systems will be available through Harley-Davidson dealerships and their website.

Patrick Industries (NASDAQ: PATK) has announced it will release its fourth quarter and full-year 2024 financial results before market opening on Thursday, February 6, 2025. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss results and business matters.

The conference call's Q&A session will be restricted to institutional investors and analysts. Interested parties can join via the dial-in number (877) 407-9036 or listen to the live webcast on Patrick's website. A replay will be available on the company's investor relations website.

Patrick Industries is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, operating since 1959. The company encompasses over 85 brands and employs approximately 10,000 team members across the United States, with headquarters in Elkhart, Indiana.

Patrick Industries (NASDAQ: PATK), a leading component solutions provider for Outdoor Enthusiast and Housing markets, has announced its participation in the CJS Securities 25th Annual "New Ideas for the New Year" Conference on January 14, 2025. The virtual conference will feature Patrick in a fireside chat and one-on-one meetings with institutional investors and analysts.

Founded in 1959, Patrick Industries serves the RV, Marine, Powersports and Housing markets, operating with more than 85 leading brands. The company employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, Indiana. Patrick's business model integrates design, manufacturing, distribution, and transportation in a comprehensive solutions approach, positioning itself as a trusted partner in the industry.