UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 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) Indiana 35-1057796 (State or othe ...

Patrick Industries, Inc. (NASDAQ:PATK) Q4 2020 Earnings Conference Call February 11, 2021 10:00 AM ET Company Participants Julie Ann Kotowski - Investor Relations Andy Nemeth - President & Chief Executive Officer Jake Petkovich - Chief Financial Officer Conference Call Participants Scott Stember - CL King Daniel Moore - CJS Securities Craig Kennison - Baird Steve O'Hara - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the Patrick Industries, Inc. Fourth Quarter 2020 Earnings Conference C ...

4Q 2020 EARNINGS PRESENTATION February 11, 2021 FORWARD-LOOKING STATEMENTS This presentation 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. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q3 2020 increased 24% to $701 million, driven by increases in three of the four primary end markets [40] - Net income per diluted share was $1.62, up from $0.92 in the prior year, representing a 76% increase [13][45] - Gross margin improved to 19.1%, an increase of 70 basis points compared to the prior year [42] - Operating income increased 60% to $60 million, with an operating margin of 8.5%, up 190 basis points [44] Business Line Data and Key Metrics Changes - Revenues from leisure lifestyle markets, which include RV and marine, increased 34%, with RV revenues up 36% and marine revenues up 25% [40] - Manufactured housing (MH) sales represented 15% of total revenues, remaining relatively flat compared to Q3 2019, with a 2% decrease in MH wholesale unit shipments [25][41] - Industrial business revenues increased 9% compared to the prior year, representing 11% of overall sales [27] Market Data and Key Metrics Changes - RV wholesale unit shipments were up 33%, totaling over 124,000 units for the quarter, while retail unit shipments increased by 25% to 30% [16][17] - Marine retail shipments estimated to be up approximately 30% to 35% in the quarter, despite a 4% decrease in wholesale unit shipments [19] - Single-family housing starts increased 17% in Q3, while multifamily housing starts decreased by 1% [29] Company Strategy and Development Direction - The company is aggressively investing in infrastructure to support OEMs and builders, anticipating continued expansion in addressable markets [30] - Three acquisitions totaling $99 million were made in Q3 to enhance presence in RV, marine, and industrial markets [36] - The company expects RV wholesale shipments to increase by 25% to 30% in Q4 2020 and anticipates a 20% increase in 2021 [30][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet increased demand due to a strong financial platform and proactive capital expenditures [62] - The ongoing support from customers and suppliers is expected to drive long-term shareholder value [59] - Management highlighted the positive demographic trends and macroeconomic tailwinds that are likely to sustain strong demand in end markets [58] Other Important Information - The company returned approximately $11 million to shareholders through dividends and share repurchases [14] - Total liquidity at the end of Q3 was approximately $473 million, including $62 million in cash [51] - The effective tax rate for Q3 decreased to 24.3%, with an estimated full-year rate of 24% to 25% [46] Q&A Session Summary Question: State of the RV supply chain and confidence in meeting demand - Management indicated a strong position to meet demand, with a resilient supply base adapting to changing circumstances [62][64] Question: October trends and confidence in retail outlook - Management noted consistent trends with strong new buyer activity and no channel refill occurring, extending the cycle for inventory replenishment [66] Question: Inventory levels in RV and marine - Management reported extremely lean inventories, with weeks on hand halved compared to 2014, indicating a need for rebuilding [74] Question: Labor inefficiencies and margin impact - Labor inefficiencies in Q3 were estimated at 30 to 50 basis points, with expectations for improvement in Q4 [77] Question: Growth expectations for the MH business in 2021 - Management anticipates low to mid single-digit growth for the MH market in 2021, with labor being a significant constraint [80] Question: RV retail expectations for next year - Management expects retail to be up low to mid-single digits in 2021, prolonging the channel refill cycle [89] Question: Share gains due to competitor issues - Management noted nominal share gains in Q3 but expressed optimism for capturing more share in the future [91] Question: Trends in the industrial market - Management highlighted constraints in multifamily and high-rise commercial due to COVID protocols but remains optimistic about long-term prospects [93] Question: Organic growth by category - Organic growth for the quarter was reported at 2%, with acquisition contributing 6 percentage points and end market industry growth at 16% [100] Question: Content per unit outlook - Management expects opportunities for content gains in 2021 as consumers upgrade [104] Question: Incremental margin expectations - Management is on track to improve operating margins by 30 to 50 basis points this year, despite some labor challenges [106]

3 RD QUARTER 2020 EARNINGS PRESENTATION October 29, 2020 FORWARD-LOOKING STATEMENTS This presentation 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. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from either historical or anticipate ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 2020 decreased 31% to $424 million due to lost shipping days and temporary shutdowns caused by COVID-19 disruptions [55][60] - Net income per diluted share was $0.03, down from $1.18 in the prior year, with an effective tax rate of 44.4% compared to 25.1% in the previous year [63][67] - Gross margin decreased to 17.4%, down 100 basis points year-over-year, primarily due to fixed operating costs incurred during shutdowns [59][60] Business Line Data and Key Metrics Changes - Revenue from leisure lifestyle markets, including RV and Marine, decreased 39%, with RV revenues down 40% and Marine revenues down 34% [55][56] - RV wholesale unit shipments were down 82% in April and 30% in May, followed by an 11% increase in June, resulting in a 35% overall decline for the quarter [28][29] - Manufactured housing sales represented 21% of total revenues, decreasing $20 million or 18% year-over-year, while industrial revenues decreased 2% [42][44] Market Data and Key Metrics Changes - The leisure lifestyle markets represented 62% of Q2 revenues, while housing and industrial markets accounted for 38% [25][26] - Retail sales in the RV sector showed resilience, with shipments up 11% in June compared to the prior year, indicating a strong recovery [16][55] - The housing market experienced a decline in new housing starts by 17% in Q2, primarily due to the pandemic, but is expected to benefit from demographic trends favoring affordable housing [46][41] Company Strategy and Development Direction - The company is optimistic about the leisure lifestyle markets being preferred choices in a post-COVID environment, supported by government stimulus packages [22][23] - Strategic initiatives were paused during the quarter, but the company is now pivoting to strategic acquisitions and capital expenditures to support growth [19][52] - The company aims to leverage its flexible manufacturing capabilities and cost structure to adapt to changing market conditions and consumer demand [50][72] Management's Comments on Operating Environment and Future Outlook - Management noted a strong resurgence in production rates, particularly in the RV sector, and expects continued demand momentum into the second half of 2020 [16][39] - The company anticipates RV wholesale shipments to be up high double digits in Q3 and flat to down low single digits for the full year [48][103] - Management expressed confidence in the ability to grow operating margins in the back half of the year due to cost structure adjustments and increased demand [94][95] Other Important Information - The company maintained over $520 million in liquidity at the end of Q2, including $111 million in cash, with a net leverage of 2.3 times [21][67] - Approximately $6 million was returned to shareholders via dividends, with no share repurchases planned at this time [20][65] - The company eliminated approximately $35 million in annualized fixed overhead costs, with plans to reinvest a portion back into the business [50][92] Q&A Session Summary Question: Insights on production schedules for July and August - Management noted that production rates are increasing and expect strong production run rates for Q3 and Q4 [77][78] Question: Retail performance in June and July - Retail has continued to increase, with expectations of high single to low double-digit increases in retail through Q3 [81] Question: RV mix and its effect on content - The mix remains consistent, with low-end units dominating, but there is potential for increased content as demand grows [89] Question: Future of COVID-related costs - One-time COVID-related expenses of $4.5 million are not expected to recur, and some fixed cost adjustments will be retained [91][92] Question: Expectations for gross margins - Improvement in gross margins is anticipated, although some labor headwinds may persist [111]

Q2 2020 EARNINGS PRESENTATION July 30, 2020 FORWARD-LOOKING STATEMENTS This presentation 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. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results dep ...

Patrick Industries, Inc. (NASDAQ:PATK) Q1 2020 Earnings Conference Call April 30, 2020 10:00 AM ET Company Participants Julie Ann Kotowski - Investor Relations Andy Nemeth - President & Chief Executive Officer Josh Boone - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Craig Kennison - Baird Scott Stember - CL King & Associates Brett Andress - KeyBanc Tim Conder - Wells Fargo Securities Steve O'Hara - Sidoti John Lovallo - Bank of America Operator Good morning, ladies and ...

Q1 2020 Earnings Presentation April 30, 2020 Forward-Looking Statements This presentation 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. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results de ...

Patrick Industries, Inc. (NASDAQ:PATK) Q4 2019 Earnings Conference Call February 13, 2020 10:00 AM ET Company Participants Julie Ann Kotowski – Investor Relations Andy Nemeth – President and Chief Executive Officer Josh Boone – Chief Financial Officer Conference Call Participants Scott Stember – CL King Daniel Moore – CJS Securities Joe Lachky – Wells Fargo Securities Craig Kennison – Baird Stephen O'Hara – Sidoti & Company John Lovallo – Bank of America Operator Good morning, ladies and gentlemen, and welc ...