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Patrick Industries (PATK) Q2 Earnings Surpass Estimates
ZACKS· 2025-07-31 14:11
Core Insights - Patrick Industries reported quarterly earnings of $1.5 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and showing an increase from $1.44 per share a year ago, resulting in an earnings surprise of +6.38% [1] - The company posted revenues of $1.05 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.01%, but up from $1.02 billion year-over-year [2] - Patrick Industries shares have increased by approximately 21.7% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.08 on revenues of $892.5 million, and for the current fiscal year, it is $4.27 on revenues of $3.79 billion [7] - The estimate revisions trend for Patrick Industries was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Building Products - Mobile Homes and RV Builders industry, to which Patrick Industries belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Champion Homes, is expected to report quarterly earnings of $0.88 per share, reflecting a year-over-year decline of -3.3%, with revenues projected at $643.2 million, up 2.5% from the previous year [9][10]
Patrick Industries(PATK) - 2025 Q2 - Earnings Call Presentation
2025-07-31 14:00
Q2 2025 Earnings Presentation July 31, 2025 Forward-Looking Statements This presentation includes contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "estimates," "guidance," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions. Forward-looking statements include information with respect to financial condition, results of ...
Patrick Industries(PATK) - 2025 Q2 - Quarterly Results
2025-07-31 12:48
[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Patrick Industries reported increased Q2 2025 net sales and operating income, despite a net income decrease due to a legal settlement, while management emphasized strategic growth and financial strength [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Patrick Industries reported a 3% increase in net sales to $1.05 billion in Q2 2025, driven by growth in RV and Manufactured Housing markets, despite declines in Marine and Powersports. Operating income rose 2% to $87 million, with a flat operating margin of 8.3%. Net income decreased 32% to $32 million, or $0.96 per diluted share, primarily due to a one-time legal settlement. Adjusted net income, excluding this settlement, increased to $51 million, or $1.50 per diluted share Second Quarter 2025 Key Financial Highlights | Metric | Q2 2025 | Q2 2024 | Change (%) | | :---------------------------------- | :-------- | :-------- | :--------- | | Net sales | $1.05 billion | $1.02 billion | 3% | | Operating income | $87 million | $84.7 million | 2% | | Operating margin | 8.3% | 8.3% | 0% | | Net income | $32 million | $48 million | -32% | | Diluted EPS | $0.96 | $1.44 | -33.3% | | Adjusted net income | $51 million | $48 million | 6.3% | | Adjusted diluted EPS | $1.50 | $1.44 | 4.2% | | Adjusted EBITDA | $135 million | $130 million | 4% | | Cash flow from operating activities (YTD) | $189 million | $173 million | 9.2% | | Free cash flow (TTM) | $262 million | $348 million | -24.7% | | Total net liquidity | $835 million | N/A | N/A | | Total net leverage ratio | 2.6x | N/A | N/A | - Returned **$36.5 million of cash to shareholders**, including **share repurchases of more than $23 million** and **regular quarterly dividends of $13 million**[3](index=3&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Andy Nemeth highlighted disciplined execution, expansion of innovative solutions, and strategic investments in the aftermarket. He emphasized the Company's strong cash flows, solid balance sheet, and flexible operating model for future growth and accretive acquisitions. President Jeff Rodino noted the RV segment's resilience despite tariff uncertainties and the focus on process optimization, new product development, and strengthening the financial foundation - Continued focus on expanding innovative solutions-based offerings and capabilities through prototyping and Advanced Product Group, along with investments in the aftermarket through RecPro[2](index=2&type=chunk) - Strong cash flows, solid balance sheet with ample liquidity, and flexible operating model strategically position the Company to be scalable and accelerate growth when the retail market inflection occurs, while continuing to pursue accretive acquisitions[2](index=2&type=chunk) - Patrick's diversified model demonstrated resilience in dynamic market conditions following tariff announcements in April[4](index=4&type=chunk) - High focus on optimizing processes, investing in new product development and organic growth initiatives, executing on accretive acquisitions, and bolstering the financial foundation[4](index=4&type=chunk) [Second Quarter 2025 Revenue by Market Sector](index=2&type=section&id=Second%20Quarter%202025%20Revenue%20by%20Market%20Sector) Q2 2025 revenue saw growth in RV and Housing markets, offsetting declines in Marine and Powersports, reflecting diversified market performance [RV Market Performance](index=2&type=section&id=RV%20Market%20Performance) The RV market, representing 46% of total revenue, saw a 7% increase in revenue to $479 million, despite flat wholesale RV industry unit shipments. Content per wholesale RV unit remained flat year-over-year but increased 2% compared to Q1 2025 RV Market Performance (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :---------------------------------- | :-------- | :-------- | | Revenue | $479 million | N/A (up 7%) | | Wholesale RV industry unit shipments | Flat | Flat | | Content per wholesale RV unit (TTM) | $4,952 (flat YoY, up 2% QoQ) | $4,952 | | % of Total Revenue | 46% | N/A | [Marine Market Performance](index=2&type=section&id=Marine%20Market%20Performance) The Marine market, accounting for 15% of total revenue, experienced a 1% decrease in revenue to $156 million, alongside a 5% decline in estimated wholesale powerboat industry unit shipments. However, estimated content per wholesale powerboat unit increased 2% year-over-year and 1% quarter-over-quarter Marine Market Performance (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :---------------------------------- | :-------- | :-------- | | Revenue | $156 million | N/A (down 1%) | | Estimated wholesale powerboat industry unit shipments | Down 5% | N/A | | Estimated content per wholesale powerboat unit (TTM) | $4,012 (up 2% YoY, up 1% QoQ) | N/A | | % of Total Revenue | 15% | N/A | [Powersports Market Performance](index=2&type=section&id=Powersports%20Market%20Performance) The Powersports market, contributing 9% of total revenue, saw a 7% decrease in revenue to $96 million. This decline was partially offset by market share gains and a favorable shift in OEM attachment rates for premium utility vehicle content, despite lower estimated total wholesale powersports industry unit shipments Powersports Market Performance (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :---------------------------------- | :-------- | :-------- | | Revenue | $96 million | N/A (down 7%) | | % of Total Revenue | 9% | N/A | - Market share gains and a favorable shift in OEM attachment rates for premium utility vehicle content helped offset the impact of lower estimated total wholesale powersports industry unit shipments[5](index=5&type=chunk) [Housing Market Performance](index=2&type=section&id=Housing%20Market%20Performance) The Housing market (comprised of MH and Industrial), representing 30% of total revenue, reported a 3% increase in revenue to $315 million, aligning with a 3% increase in estimated wholesale MH industry unit shipments. Total housing starts, however, decreased by 1%. Estimated content per wholesale MH unit increased 3% year-over-year and remained flat quarter-over-quarter Housing Market Performance (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | | :---------------------------------- | :-------- | :-------- | | Revenue | $315 million | N/A (up 3%) | | Estimated wholesale MH industry unit shipments | Up 3% | N/A | | Total housing starts | Down 1% | N/A | | Estimated content per wholesale MH unit (TTM) | $6,670 (up 3% YoY, flat QoQ) | N/A | | % of Total Revenue | 30% | N/A | [Financial Position & Capital Allocation](index=2&type=section&id=Financial%20Position%20%26%20Capital%20Allocation) The company demonstrated strong operating cash flow and liquidity in Q2 2025, actively managing debt and returning capital to shareholders [Balance Sheet, Cash Flow and Capital Allocation Overview](index=2&type=section&id=Balance%20Sheet%2C%20Cash%20Flow%20and%20Capital%20Allocation%20Overview) For the first six months of 2025, cash provided by operating activities increased to $189 million from $173 million in the prior year. The Company invested $18 million in property, plant, and equipment during Q2 2025. Free cash flow on a trailing twelve-month basis was $262 million. Patrick repaid $157 million of long-term debt and returned $36.5 million to shareholders through share repurchases ($23 million) and dividends ($13 million) Cash Flow and Capital Allocation Highlights | Metric | YTD 2025 | YTD 2024 | | :---------------------------------- | :-------- | :-------- | | Cash provided by operating activities | $189 million | $173 million | | Purchases of property, plant and equipment (Q2) | $18 million | N/A | | Free cash flow (TTM) | $262 million | $348 million | | Long-term debt repaid (Q2) | ~$157 million | N/A | | Share repurchases (Q2) | >$23 million | N/A | | Regular quarterly dividends (Q2) | $13 million | N/A | | Unused share repurchase authorization | $168 million | N/A | [Debt and Liquidity](index=3&type=section&id=Debt%20and%20Liquidity) At the end of Q2 2025, total debt stood at approximately $1.3 billion, resulting in a total net leverage ratio of 2.6x. Available liquidity, including borrowing availability under the credit facility and cash on hand, was approximately $835 million Debt and Liquidity (End of Q2 2025) | Metric | Amount | | :-------------------- | :------------- | | Total debt | ~$1.3 billion | | Total net leverage ratio | 2.6x | | Available liquidity | ~$835 million | [Business Outlook & Company Information](index=3&type=section&id=Business%20Outlook%20%26%20Company%20Information) Management anticipates improved consumer sentiment and strategic acquisitions for future growth, while acknowledging various economic and operational risk factors [Business Outlook](index=3&type=section&id=Business%20Outlook) Management is optimistic that improved consumer sentiment, driven by equity market resilience and tariff clarity, will positively impact the year. The expectation for lower wholesale shipments in the second half of the year compared to the first half remains unchanged. The Company plans to focus capital allocation more acutely on strategic acquisitions in H2 2025 and into 2026, anticipating pent-up demand and improving market conditions to catalyze earnings growth - Optimistic that resilience in equity markets and clarity related to tariffs will help improve consumer sentiment[10](index=10&type=chunk) - Expectation for lower wholesale shipments in the second half of the year compared to the first half remains relatively unchanged[10](index=10&type=chunk) - Strategic operational adjustments position the Company to capitalize on positive market developments[10](index=10&type=chunk) - Expects to more acutely focus capital allocation on strategic acquisitions in H2 2025 and into 2026, believing pent-up demand and improving market conditions will catalyze earnings power[10](index=10&type=chunk) [About Patrick Industries, Inc.](index=3&type=section&id=About%20Patrick%20Industries%2C%20Inc.) Patrick Industries is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, operating since 1959. The Company offers a full solutions model encompassing design, manufacturing, distribution, and transportation, and is home to over 85 brands. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 team members across the U.S - Leading component solutions provider serving the RV, Marine, Powersports and Housing markets since 1959[11](index=11&type=chunk) - Offers a full solutions model including design, manufacturing, distribution, and transportation[11](index=11&type=chunk) - Home to more than 85 leading brands, employing approximately 10,000 skilled team members throughout the United States[11](index=11&type=chunk) [Cautionary Statement Regarding Forward-Looking Statements](index=3&type=section&id=Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This section advises that the press release contains forward-looking statements based on current expectations, and actual results may differ materially due to various factors. It lists numerous risks, including adverse economic conditions, customer/supplier financial health, changes in consumer preferences, market declines, financing availability, pricing pressures, raw material costs, supply chain issues, international business risks, labor shortages, IT failures, and geopolitical conflicts. The Company does not undertake to publicly update or revise these statements - Forward-looking statements are based on current expectations, and actual results may differ materially due to various factors[12](index=12&type=chunk) - Key risk factors include adverse economic and business conditions, cyclicality and seasonality, financial condition of customers or suppliers, changes in consumer preferences, declines in unit shipments, availability of financing, pricing pressures, costs and availability of raw materials, supply chain issues, international business challenges (tariffs, trade restrictions), labor shortages, IT system failures, and geopolitical conflicts[12](index=12&type=chunk)[13](index=13&type=chunk) - The Company does not undertake to publicly update or revise any forward-looking statements[14](index=14&type=chunk) [Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The unaudited financial statements reflect increased net sales but lower net income in Q2 2025 due to a legal settlement, alongside growth in operating cash flow and total assets [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) The condensed consolidated statements of income show net sales increased for both the second quarter and six months ended June 29, 2025, compared to the prior year. However, net income decreased significantly in Q2 2025 due to a one-time legal settlement expense, impacting diluted EPS Condensed Consolidated Statements of Income (Q2 & YTD) | Metric ($ thousands) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------------- | :-------- | :-------- | :--------- | :--------- | | Net sales | 1,047,554 | 1,016,624 | 2,050,974 | 1,950,116 | | Gross profit | 250,632 | 231,294 | 479,223 | 436,149 | | Operating income | 86,722 | 84,689 | 152,291 | 144,031 | | Other expenses (Legal Settlement) | 24,420 | — | 24,420 | — | | Net income | 32,436 | 47,884 | 70,674 | 82,977 | | Diluted earnings per common share | $0.96 | $1.44 | $2.07 | $2.50 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of June 29, 2025, shows an increase in total assets to $3.08 billion from $3.02 billion at December 31, 2024. Current assets increased, primarily driven by higher trade and other receivables. Total liabilities also increased, while total shareholders' equity saw a modest rise Condensed Consolidated Balance Sheets (As of June 29, 2025 vs. Dec 31, 2024) | Metric ($ thousands) | June 29, 2025 | December 31, 2024 | | :-------------------------------- | :-------------- | :---------------- | | Total current assets | 899,958 | 822,617 | | Property, plant and equipment, net | 406,871 | 384,903 | | Goodwill and intangible assets, net | 1,568,094 | 1,600,125 | | Total assets | 3,079,212 | 3,020,954 | | Total current liabilities | 460,322 | 353,615 | | Long-term debt, less current maturities, net | 1,266,298 | 1,311,684 | | Total liabilities | 1,936,103 | 1,892,588 | | Total shareholders' equity | 1,143,109 | 1,128,366 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 29, 2025, net cash provided by operating activities increased to $189.5 million from $172.7 million in the prior year. Net cash used in investing activities significantly decreased due to lower business acquisitions, while net cash used in financing activities increased Condensed Consolidated Statements of Cash Flows (Six Months Ended) | Metric ($ thousands) | June 29, 2025 | June 30, 2024 | | :---------------------------------- | :-------------- | :-------------- | | Net cash provided by operating activities | 189,467 | 172,658 | | Net cash used in investing activities | (86,618) | (386,813) | | Net cash (used in) provided by financing activities | (114,436) | 246,706 | | Net (decrease) increase in cash and cash equivalents | (11,587) | 32,551 | | Cash and cash equivalents at end of period | 21,974 | 43,960 | [Earnings Per Common Share](index=8&type=section&id=Earnings%20Per%20Common%20Share) The diluted earnings per common share for Q2 2025 was $0.96, down from $1.44 in Q2 2024. For the six months ended June 29, 2025, diluted EPS was $2.07, compared to $2.50 in the prior year, reflecting the impact of lower net income and increased dilutive securities Earnings Per Common Share (Q2 & YTD) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------------------ | :------ | :------ | :------- | :------- | | Basic earnings per common share | $1.00 | $1.47 | $2.17 | $2.55 | | Diluted earnings per common share | $0.96 | $1.44 | $2.07 | $2.50 | | Weighted average common shares outstanding - diluted | 33,823 | 33,254 | 34,116 | 33,187 | [Non-GAAP Reconciliation (Unaudited)](index=9&type=section&id=Non-GAAP%20Reconciliation%20(Unaudited)) This section provides reconciliations for non-GAAP financial metrics, including adjusted EBITDA, free cash flow, and adjusted net income, to offer a clearer view of underlying performance [Use of Non-GAAP Financial Metrics](index=9&type=section&id=Use%20of%20Non-GAAP%20Financial%20Metrics) This section defines and explains the Company's use of various non-GAAP financial metrics, including 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. It clarifies that these metrics are not alternatives to U.S. GAAP and may differ from similarly titled measures used by others, providing detailed calculation methodologies for each - Non-GAAP financial metrics used include 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[25](index=25&type=chunk) - These metrics should not be considered alternatives to U.S. GAAP and may differ from similarly titled measures used by others[25](index=25&type=chunk) - Detailed calculation methodologies are provided for each non-GAAP metric, along with sources for industry volume data (RV Industry Association, National Marine Manufacturers Association, Manufactured Housing Institute, U.S. Census Bureau)[25](index=25&type=chunk) [Reconciliation of Net Income to EBITDA and Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Net%20Income%20to%20EBITDA%20and%20Adjusted%20EBITDA) The reconciliation shows that Adjusted EBITDA for Q2 2025 increased to $135.4 million from $130.1 million in Q2 2024, primarily due to the addition of a $24.4 million legal settlement expense. Year-to-date Adjusted EBITDA also increased to $251.0 million from $241.0 million Reconciliation of Net Income to EBITDA and Adjusted EBITDA | Metric ($ thousands) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :---------------------------------- | :-------- | :-------- | :--------- | :--------- | | Net income | 32,436 | 47,884 | 70,674 | 82,977 | | EBITDA | 104,911 | 126,170 | 213,126 | 225,847 | | Legal settlement | 24,420 | — | 24,420 | — | | Adjusted EBITDA | 135,434 | 130,098 | 251,004 | 241,041 | [Reconciliation of Cash Flow from Operations to Free Cash Flow](index=10&type=section&id=Reconciliation%20of%20Cash%20Flow%20from%20Operations%20to%20Free%20Cash%20Flow) Free cash flow on a trailing twelve-month basis decreased to $261.9 million as of June 29, 2025, from $348.1 million as of June 30, 2024, primarily due to a decrease in cash flows from operating activities and an increase in purchases of property, plant and equipment Reconciliation of Cash Flow from Operations to Free Cash Flow (TTM) | Metric ($ thousands) | June 29, 2025 | June 30, 2024 | | :---------------------------------- | :-------------- | :-------------- | | Cash flows from operating activities | 343,650 | 402,979 | | Less: purchases of property, plant and equipment | (81,717) | (54,907) | | Free cash flow | 261,933 | 348,072 | [Reconciliation of Operating Margin to Adjusted Operating Margin](index=10&type=section&id=Reconciliation%20of%20Operating%20Margin%20to%20Adjusted%20Operating%20Margin) The operating margin remained flat at 8.3% for Q2 2025 compared to Q2 2024. For the six months ended June 29, 2025, the operating margin was 7.4%, also flat compared to the prior year, while the adjusted operating margin for the six months decreased slightly from 7.7% to 7.4% Reconciliation of Operating Margin to Adjusted Operating Margin | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :---------------------------------- | :------ | :------ | :------- | :------- | | Operating margin | 8.3% | 8.3% | 7.4% | 7.4% | | Adjusted operating margin | 8.3% | 8.3% | 7.4% | 7.7% | [Reconciliation of Net Income to Adjusted Net Income and Diluted EPS](index=10&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20Net%20Income%20and%20Diluted%20EPS) Adjusted net income for Q2 2025 increased to $50.8 million from $47.9 million in Q2 2024, and adjusted diluted EPS rose to $1.50 from $1.44, primarily by excluding the legal settlement and its tax impact. Year-to-date adjusted net income and adjusted diluted EPS also showed increases Reconciliation of Net Income to Adjusted Net Income and Diluted EPS | Metric ($ thousands, except per share) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------------------ | :-------- | :-------- | :--------- | :--------- | | Net income | 32,436 | 47,884 | 70,674 | 82,977 | | Legal settlement, net of tax | 0.54 | — | 0.54 | — | | Adjusted net income | 50,817 | 47,884 | 89,103 | 87,309 | | Diluted earnings per common share | $0.96 | $1.44 | $2.07 | $2.50 | | Adjusted diluted earnings per common share | $1.50 | $1.44 | $2.61 | $2.63 |
Next Generation TMS Direct Replacement Aftermarket Motorcycle Speakers by Rockford Fosgate®, Now Shipping
Prnewswire· 2025-07-25 19:01
Core Insights - Rockford Fosgate has launched the next generation of TMS direct replacement motorcycle speakers, designed for various motorcycle models, enhancing the riding experience with superior sound quality [1][2]. Product Features - The new TMS series includes 6.5-inch and 6x9-inch speakers, engineered to deliver a balanced sound profile with enhanced mids, deep bass, and clear highs [1][3]. - Each speaker provides 150 watts of power, featuring long-throw woofers for deep low-end response and a wide frequency range for improved bass output [3]. - The speakers are built from premium materials, ensuring high performance, durability, and reliability in motorcycle audio [3]. Installation and Compatibility - The TMS speakers are Element Ready®, designed to withstand harsh conditions such as water, vibration, dirt, and dust, ensuring consistent performance [4]. - They are direct drop-in replacements for factory mounting locations, with model-specific grilles available for select Harley-Davidson® models, facilitating a clean and integrated appearance [4]. Company Background - Rockford Fosgate is a leader in high-performance audio systems, catering to the mobile, motorsport, motorcycle, and marine audio aftermarket and OEM markets [6]. - The company is headquartered in Tempe, Arizona, and is a wholly owned subsidiary of Patrick Industries, Inc. [6].
Next Generation Stage-2, Stage-3 and Saddlebag Aftermarket Motorcycle Audio Kits by Rockford Fosgate®, Now Shipping
Prnewswire· 2025-07-25 18:01
Core Insights - Rockford Fosgate has introduced advanced audio systems designed specifically for motorcycles, featuring high-performance components that enhance sound quality and durability [1][2][3]. Product Features - The Stage-3 Kit (HD24-STG3) includes a Saddlebag Kit (HD24BL69) with 1000-watt systems that deliver balanced sound with rich mids, strong bass, and ultra-sharp highs [1]. - The updated saddlebag kit features new 6x9 speakers capable of handling up to 150 watts each, representing a 40% increase in power compared to the previous generation [1]. - The TMA 1000-watt digital amplifier is designed for motorcycles, allowing for future system expansion and seamless integration with the Skyline OS via A2B interface [2]. - Bluetooth connectivity is included for instant DSP tuning tailored to specific Rockford Fosgate kits [2]. Company Overview - Rockford Corporation, headquartered in Tempe, Arizona, markets high-performance audio systems under the Rockford Fosgate brand for various markets including mobile, motorcycle, motorsport, and marine audio [3]. - Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK) [3]. Technical Specifications - The audio systems feature long-throw woofers for extended low-end output, heat-resistant motor structures for consistent sound, oversized voice coils for louder performance, and extended frequency response for high-fidelity playback [5].
Next Generation Stage-6 Aftermarket RZR Audio Kit by Rockford Fosgate®, Now Shipping.
Prnewswire· 2025-07-21 17:27
Core Insights - Rockford Fosgate has launched the next-generation Stage-6 aftermarket RZR Audio Kit, designed for high-performance in extreme SXS environments [1][2] Product Features - The Stage-6 kit is an all-in-one, plug-and-play system compatible with select 2024+ Polaris RZR XP vehicles, offering seamless integration and intuitive installation [2] - It includes a 2.7-inch PMX-3 digital media receiver, M2 6.5" coaxial front speakers, door-mounted tweeters, and M2 8-inch rear speakers in low-profile pods [3] - The system features an M2 10-inch subwoofer in a ported enclosure for deep bass, powered by a robust 1,500-watt amplifier for high-output sound [4] Additional Options - A Ride Command-integrated version of the Stage-6 kit is available, utilizing the existing Ride Command system interface while including all components [4] Company Background - Rockford Corporation, headquartered in Tempe, Arizona, is a leader in high-performance audio systems, serving the mobile, marine, motorsports, and motorcycle audio aftermarket and OEM markets [5]
Patrick Industries, Inc. Announces Second Quarter 2025 Earnings Release and Conference Call Webcast on July 31, 2025
Prnewswire· 2025-07-17 20:30
Core Viewpoint - Patrick Industries, Inc. is set to release its second quarter and six months 2025 financial results on July 31, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call on July 31, 2025, at 10:00 a.m. Eastern Time [2] - The conference call will be accessible to institutional investors and analysts, with a dial-in number provided for participation [2] - A live webcast of the call will be available on Patrick's website, along with a replay option [2] Group 2: Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets [3] - The company has been operational since 1959 and focuses on empowering manufacturers and outdoor enthusiasts [3] - Patrick employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, IN [3]
Patrick Industries, Inc. to Participate in Upcoming CJS Conference
Prnewswire· 2025-07-01 20:30
Core Viewpoint - Patrick Industries, Inc. will participate in the CJS Securities 25th Annual "New Ideas" Summer Conference on July 10, 2025, where its management will present and engage in one-on-one meetings with institutional investors and analysts [1]. Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, with a history dating back to 1959 [3]. - The company employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, Indiana [3]. - Patrick Industries is home to over 85 leading brands, emphasizing quality, customer service, and innovation [3].
Patrick Industries, Inc. to Participate in Upcoming Baird Conference
Prnewswire· 2025-05-27 20:30
Core Viewpoint - Patrick Industries, Inc. will participate in the Baird 2025 Global Consumer, Technology & Services Conference, indicating its active engagement with institutional investors and analysts [1]. Company Overview - Patrick Industries, Inc. is a leading component solutions provider for the RV, Marine, Powersports, and Housing markets, with a history dating back to 1959 [3]. - The company employs approximately 10,000 skilled team members across the United States and is headquartered in Elkhart, Indiana [3]. - Patrick Industries is home to over 85 leading brands, emphasizing quality, customer service, and innovation [3].
Patrick Industries Welcomes Back Jake Petkovich as President - Marine; Rick Reyenger Transitions to Strategic Advisory Role
Prnewswire· 2025-05-19 12:30
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 ...