Patrick Industries, Inc. - Common Stock (PATK)
Frequently Asked Questions About Patrick Industries, Inc. - Common Stock (PATK)
How does Patrick Industries, Inc. contribute to the local community?
Patrick Industries, Inc. is dedicated to community engagement and social responsibility. The company actively participates in local initiatives, supports charitable organizations, and encourages employees to contribute to various community service activities. This commitment helps strengthen community ties and demonstrates the company's values.
How does Patrick Industries, Inc. handle supply chain challenges?
Patrick Industries, Inc. actively manages its supply chain to mitigate challenges and ensure a steady flow of materials and products. The company works closely with suppliers, diversifies its sourcing, and maintains strong relationships to adapt to market fluctuations and potential disruptions.
How does Patrick Industries, Inc. prioritize employee well-being?
Patrick Industries, Inc. emphasizes a strong workplace culture focused on employee well-being, offering comprehensive benefits, opportunities for professional development, and a safe work environment. The company believes that investing in its workforce is crucial to driving productivity and maintaining high levels of employee satisfaction.
How has Patrick Industries, Inc. performed financially in recent years?
Patrick Industries, Inc. has shown strong financial performance over the years, with significant revenue growth driven by increased demand in the RV and manufactured housing sectors. The company regularly reports on its earnings, which reflect its ability to adapt to market trends and continue expanding its product lines to meet customer needs.
Is Patrick Industries, Inc. publicly traded?
Yes, Patrick Industries, Inc. is publicly traded on the Nasdaq stock exchange under the ticker symbol PATK. This allows investors to purchase shares of the company and participate in its financial growth and success.
What are Patrick Industries, Inc.'s main markets?
Patrick Industries, Inc. primarily serves the recreational vehicle (RV) market, marine industry, and manufactured housing sector. The company’s diverse product offerings cater to these markets, providing essential building materials and components that enhance the functionality and aesthetics of these vehicles and homes.
What does Patrick Industries, Inc. do?
Patrick Industries, Inc. is a leading manufacturer and distributor of building and decorative products, primarily serving the recreational vehicle (RV), marine, and manufactured housing industries. The company's extensive portfolio includes a variety of products such as composites, laminates, cabinetry, and various building materials, contributing significantly to the aesthetic and structural components of homes and recreational vehicles.
What innovations has Patrick Industries, Inc. introduced recently?
Patrick Industries, Inc. has introduced several innovations aimed at enhancing the functionality and appeal of its product offerings. These innovations often focus on integrating new materials, design improvements, and sustainable practices to meet the evolving needs of customers in the RV, marine, and manufactured housing sectors.
What is the company's approach to sustainability?
Patrick Industries, Inc. is committed to sustainable practices in its operations. The company focuses on reducing waste, improving energy efficiency, and sourcing materials responsibly. Additionally, it aims to create products that are not only high-quality and durable but also environmentally friendly, aligning with the increasing demand for sustainability in the industries it serves.
What is the company's growth strategy?
Patrick Industries, Inc. pursues a growth strategy that focuses on expanding its product lines, acquiring complementary businesses, and increasing its market share across its primary sectors. This strategy involves continuous innovation and responsiveness to market demands, positioning the company for long-term success.
What is the company’s vision and mission?
The mission of Patrick Industries, Inc. is to provide exceptional products and services that meet the highest standards of quality and performance. The company’s vision is to be the leading provider in its industry, recognized for innovation, sustainability, and customer service, fostering long-term relationships with both clients and stakeholders.
What is the outlook for Patrick Industries, Inc. in the next few years?
The outlook for Patrick Industries, Inc. is positive, with expectations of continued growth as demand for recreational vehicles and manufactured homes remains strong. The company's strategic initiatives, focus on innovation, and commitment to quality position it well for future success in a competitive market.
What products does Patrick Industries, Inc. offer?
Patrick Industries, Inc. offers a wide range of products encompassing components such as laminated panels, cabinetry, countertops, and various building materials. These products are designed to meet the specific needs of the recreational vehicle, marine, and manufactured housing industries, focusing on quality and customer satisfaction.
What recent acquisitions has Patrick Industries, Inc. made?
Patrick Industries, Inc. has a history of strategic acquisitions aimed at enhancing its product offerings and market presence. Recent acquisitions include companies that provide complementary products, which allow Patrick to expand its capabilities and reach within the RV, marine, and manufactured housing markets.
What trends are affecting Patrick Industries, Inc.?
Several trends are influencing Patrick Industries, Inc., including the growing popularity of recreational vehicles, a surge in manufactured housing demand, and increasing consumer interest in sustainable products. These trends present both opportunities and challenges, prompting the company to innovate and adapt its offerings in response.
When was Patrick Industries, Inc. founded?
Patrick Industries, Inc. was founded in 1959. Since its inception, the company has grown from a small custom manufacturer into a major player in the building products industry, expanding its operations and product lines to serve multiple sectors including RVs, boats, and manufactured home construction.
Where is Patrick Industries, Inc. headquartered?
Patrick Industries, Inc. is headquartered in Elkhart, Indiana. This location is strategically chosen due to its proximity to the heart of the RV manufacturing industry, enabling the company to effectively serve its primary customer base in the region.
Who are Patrick Industries, Inc.'s primary competitors?
Patrick Industries, Inc. faces competition from various companies in the building products manufacturing sector, particularly those focused on the RV, marine, and manufactured housing industries. Key competitors include Lippert Components, Inc., Drew Industries, and a variety of other regional and national manufacturers that provide similar products.
Who are the key executives at Patrick Industries, Inc.?
The executive leadership at Patrick Industries, Inc. includes a diverse team of professionals with extensive experience in manufacturing, finance, and operations. The CEO is Andy Nemeth, who has been instrumental in the company’s growth and strategic direction, while other executives oversee various aspects of the business, including product development, sales, and finance.
What is the current price of Patrick Industries, Inc. - Common Stock?
The current price of Patrick Industries, Inc. - Common Stock is 78.55
When was Patrick Industries, Inc. - Common Stock last traded?
The last trade of Patrick Industries, Inc. - Common Stock was at 2:54 pm EDT on April 4th, 2025
What is the market capitalization of Patrick Industries, Inc. - Common Stock?
The market capitalization of Patrick Industries, Inc. - Common Stock is 1.86B
How many shares of Patrick Industries, Inc. - Common Stock are outstanding?
Patrick Industries, Inc. - Common Stock has 23.67M shares outstanding.