Patrick Industries, Inc. (PATK)

Manufacturer and distributor of building products and materials for the recreational vehicle and manufactured housing industries.

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Patrick Industries, Inc. is a dynamic player in the manufacturing and distribution sectors, specializing in components, building products, and materials tailored for diverse markets such as recreational vehicles, marine vessels, manufactured housing, and industrial applications across the United States, China, and Canada. The company operates through two principal segments, each serving unique needs within its expansive customer base.

Within its Manufacturing segment, Patrick Industries excels in producing a wide array of products essential to its target markets. This includes furniture, shelving, countertops, cabinets, and various interior components crucial for RVs, boats, and manufactured homes. The segment also encompasses the fabrication of solid surface, granite, and quartz countertops, alongside the manufacture of fiberglass and plastic components vital for the construction and assembly of recreational vehicles and marine vessels.

Additionally, Patrick Industries' Manufacturing segment specializes in custom cabinet solutions, polymer-based flooring products, and a diverse range of specialty building materials such as dash panels, wiring harnesses, and aluminum products. The company's capabilities extend to providing CNC molds, composite parts, marine hardware, and other critical components essential for its customers' manufacturing needs.

Complementing its manufacturing prowess, Patrick Industries operates a robust Distribution segment. This arm of the company focuses on delivering a comprehensive range of pre-finished wall and ceiling panels, drywall products, electronic components, marine accessories, and a host of building materials essential for both residential and commercial applications. Moreover, the Distribution segment offers logistical support and transportation services, ensuring efficient delivery and supply chain management across its extensive network. Headquartered in Elkhart, Indiana, Patrick Industries continues to innovate and expand its offerings to meet the evolving needs of its diverse customer base.

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