Company Overview - Patrick Industries, Inc. (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets [1] - The company has been operational since 1959 and focuses on empowering manufacturers and outdoor enthusiasts [1] - Patrick Industries employs approximately 10,000 skilled team members across the United States [1] Upcoming Financial Results - The company will release its second quarter and six months 2024 financial results before the market opens on Thursday, August 1, 2024 [3] - A conference call will be hosted on the same day at 10:00 a.m. Eastern Time to discuss the results and other business matters [1][3] - Participation in the Q&A session will be limited to institutional investors and analysts [1] Communication Channels - Interested parties can listen to a live webcast of the conference call on Patrick's website [1] - A replay of the conference call will also be available via the company's investor relations website [1]

Core Insights - Rockford Fosgate has launched a new 300-watt subwoofer system specifically designed for Harley-Davidson® CVO touring bikes, enhancing the audio experience for riders [1][3] - The subwoofer system is engineered for easy removal from the saddlebag, providing flexibility for riders to enjoy bass when desired while maintaining storage space [2] - The system incorporates proprietary technologies such as R-Tune® and Motorcycle Dynamic EQ (M-DEQ™) to optimize sound quality against road noise and speed [4] Product Features - The subwoofer system is designed for superior bass performance, featuring X-Max and magnets that enhance loudness and strength of bass response [2] - It includes Bass Management Enhancement (BME) technology that adapts to speed and road noise, maximizing bass output at any volume [4] - Options for adding one or two 10-inch subwoofers are available for bikes equipped with a four-speaker audio system, requiring a 600-watt secondary amplifier [6] Availability - The new subwoofer systems will be available through Harley-Davidson® dealerships and online at harley-davidson.com [5]

ELKHART, Ind., July 2, 2024 /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 CJS Securities 24th Annual "New Ideas" Summer Conference on July 10, 2024. Andy Nemeth, Chief Executive Officer, will give a presentation and participate in one-on-one meetings with institutional investors and analysts. The conference will be held at the Metropolis Country Club in White Pla ...

Core Insights - Rockford Fosgate has partnered with the City of Sturgis for the tenth consecutive year as the "Official Motorcycle Audio Sponsor" of the Sturgis Motorcycle Rally, scheduled for August 2nd – 10th, 2024 [1] - The company will also sponsor the "22nd Anniversary Mayor's Ride" during the rally [1] Company Activities - Rockford Fosgate will have a booth on Lazelle Street, serving as the home base for activities during the rally, where experts will provide on-bike demonstrations of their latest aftermarket audio systems designed for Harley-Davidson motorcycles [3] - Aftermarket audio systems will be available for purchase at the booth, along with installation services from certified technicians [3] - The company will present the All-Out Bagger Invitational Motorcycle Show on August 5th, featuring top bagger builders, hosted by Jeff G. Holt from V-Twin Visionary [4] - Rockford Fosgate team members will also be present at Black Hills Harley-Davidson from July 26th to August 10th, offering audio systems for purchase and on-site installation [5] Company Background - Rockford Corporation, headquartered in Tempe, Arizona, is known for marketing high-performance audio systems under the Rockford Fosgate brand for various markets, including mobile, motorsport, and marine audio [6]

ELKHART, Ind., May 28, 2024 /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 2024 Global Consumer, Technology & Services Conference being held from June 4-6, 2024. On June 4th, Andy Nemeth, Chief Executive Officer, and Andy Roeder, Chief Financial Officer, will participate in one-on-one meetings and a fireside chat with institutional investors and ...

About Patrick Industries, Inc. Patrick (NASDAQ: PATK) is a leading component solutions provider serving 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ……………… to ……………… Commission file number 000-03922 PATRICK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Patrick Industries, Inc. (NASDAQ:PATK) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Steve O'Hara - Vice President of Investor Relations Andy Nemeth - Chief Executive Officer Jeffrey Rodino - President Andrew Roeder - Executive Vice President, Finance, Chief Financial Officer, and Treasurer Kip Ellis - Executive Vice President, Operations and Chief Operating Officer Matt Filer - Senior Vice President, Finance Conference Call Participants Michael Swartz - Truist Securities Sco ...

News Release Patrick Industries, Inc. Reports First Quarter 2024 Financial Results First Quarter 2024 Highlights (compared to First Quarter 2023 unless otherwise noted) ELKHART, IN, May 2, 2024 – 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 31, 2024. Net sales increased 4% to $933 million, an increase of $33 million compared to the ...

Marine Industry Performance - The company's marine revenue mix is concentrated towards higher dollar units, particularly in the fiberglass and ski & wake segments, which began to see softness in demand in the second half of 2023[32] - U.S. retail expenditures on boats, engines, accessories, and related costs totaled approximately $59.3 billion in 2022, up approximately 4.4% from 2021[33] - Marine powerboat retail unit shipments decreased approximately 5% in 2023 compared to 2022, while marine wholesale unit shipments increased approximately 2% in 2023[34] Manufactured Housing Industry - The manufactured housing (MH) industry saw wholesale unit shipments increase from approximately 49,800 units in 2009 to approximately 89,200 units in 2023, after reaching a 15-year high of 112,900 units in 2022[36] Acquisitions and Financials - The company completed acquisitions for approximately $30 million in 2023 and approximately $804 million over the last three years[44] - A 100-basis point increase in Secured Overnight Financing Rate (SOFR) would result in an additional annual interest cost of approximately $1.3 million, based on average borrowings of $129.4 million[222] - The company’s debt obligations are primarily under SOFR-based interest rates, with a significant portion related to a Term Loan due in 2027[222] Customer Base and Sales - As of December 31, 2023, the company had approximately 4,400 active customers, with sales to Forest River and Thor accounting for 29%, 38%, and 42% of consolidated net sales for the years ended December 31, 2023, 2022, and 2021, respectively[53] Capital Expenditures and Inventory Management - Capital expenditures for 2023 consisted of $59 million, primarily for advanced manufacturing automation and equipment upgrades[47] - The company reduced its inventory in alignment with lower OEM production levels, believing that inventory levels as of December 31, 2023, are appropriately balanced with expected OEM production[57] Research and Development - The company’s research and development efforts are aimed at maintaining leadership positions in core products and developing new products and applications[52] Environmental Compliance - The company’s operations are subject to various environmental laws and regulations, including compliance with emission standards developed by the California Air Resources Board[58] Workforce and Human Capital Management - As of December 31, 2023, the company had approximately 10,000 team members, with 83% being hourly employees[65] - The company emphasizes human capital management, focusing on safety, well-being, and development programs for team members[66] - The company has implemented various leadership development and recruitment programs to foster an inclusive and diverse culture[67] - The company’s human capital management programs include mental health assistance and tuition reimbursement for team members[67] Risk Management and Operational Strategies - The company has a structured approach to risk management, including job safety analysis and ergonomic assessments to ensure a safe working environment[66] - The company’s operational strategies are influenced by seasonal industry trends and economic conditions affecting RV and marine sales[64] Community Involvement - The company has a commitment to community involvement initiatives, enhancing team member engagement and corporate responsibility[67] Commodity Price Exposure - The company is exposed to commodity price volatility, particularly for key raw materials like aluminum and fiberglass, which have fluctuated in 2023[223]