Patrick Industries, Inc
Patrick Industries is a U.S.-based component solutions company serving recreational vehicles, marine, powersports, manufactured housing, and selected industrial and building-related markets. It operates a nationwide network of manufacturing plants and distribution facilities, with a smaller footprint in Mexico, China, and Canada.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaComponents and subassemblies sold into towable and motorized recreational vehicles.
Boat-related components, showroom support, and integrated marine design/engineering services.
Parts and assemblies for side-by-sides, motorcycles, golf carts, and related vehicles.
Components and materials used in manufactured homes and related housing applications.
Products sold into industrial, hospitality, institutional, commercial, and multi-family markets.
Tuotteet
Raportoitu · osuus liikevaihdosta- Recreational Vehicle45,0 %
- Manufactured Housing17,2 %
- Marine15,3 %
- Industrial12,7 %
- Powersports9,7 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Patrick sells primarily to OEMs and manufacturers that need outsourced components, subassemblies, and distribution support across multiple end markets. Its customer base also includes dealers and other channel partners in powersports and marine, plus industrial and housing-related customers that buy for new-build and replacement demand.
Buy interior, exterior, and structural components for towable and motorized RVs.
Buy marine components and design/engineering support for powerboats.
Buy components and materials used in manufactured home production.
Buy components for side-by-sides, motorcycles, golf carts, and related vehicles.
Buy products for hospitality, institutional, commercial, and multi-family applications.
Strategia
Patrick’s strategy centers on expanding its platform through acquisitions, new product initiatives, and capital investment in manufacturing and distribution capacity. It also emphasizes proximity to customers, operational flexibility across facilities, and brand-level expertise to deepen relationships in its core end markets.
Adds capabilities, broadens end-market exposure, and supports scale across the platform.
Supports efficiency, product quality, and the ability to serve customer demand across facilities.
Local manufacturing and distribution reduce transit time and improve responsiveness.
The business requires ongoing investment while also supporting dividends and repurchases.
Maantiede
Patrick is headquartered in Indiana and operates a broad U.S. manufacturing and distribution footprint, with facilities in 25 states. The company also maintains a small presence in Mexico, China, and Canada, which supports sourcing, production flexibility, and customer proximity.
Riskit
Patrick is exposed to cyclical demand in RV, marine, powersports, manufactured housing, and industrial markets, where consumer confidence, financing conditions, and interest rates can quickly affect volumes. It also faces operational risks tied to supply chain execution, inventory management, cybersecurity, tariffs, and the integration of acquired businesses and intangible assets.
- Cyclical end-market demandVaikutus: KorkeaTodennäköisyys: Kohtalainen
RV, marine, powersports, and housing demand depend on consumer confidence, rates, and financing availability.
Kohdistuu - Cybersecurity and IT disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen
The company relies on systems for inventory, order entry, fulfillment, invoicing, and collections.
Kohdistuu: Enterprise systems and supply chain operations
- Inventory and logistics inefficiencyVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Volume swings can leave warehouses over- or under-stocked and increase shipment costs.
Kohdistuu: Distribution segment
- Tariffs and trade restrictionsVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Imported products and cross-border sourcing can be affected by duties or restrictions.
Kohdistuu - Acquisition integration and goodwill impairmentVaikutus: KeskitasoTodennäköisyys: Matala
Purchased businesses add goodwill and intangibles that depend on future performance.
Kohdistuu: Acquired product lines and brands
Kirjanpito
Harkinnanvaraiset erätAcquisitions create goodwill and identifiable intangibles that may require amortization or impairment testing.
Vaikutus: Can materially affect earnings if acquired businesses underperform.
Demand swings in cyclical end markets can leave excess or obsolete inventory.
Vaikutus: May require write-downs that reduce gross profit.
Order timing and production cycles vary across RV, marine, powersports, and housing markets.
Vaikutus: Affects quarterly comparability, cash conversion, and borrowings.
Recent acquisitions affect revenue mix, purchase accounting adjustments, and amortization.
Vaikutus: Can distort year-over-year comparisons and segment trends.
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Päivitetty: 24.9.2026