Patrick Industries, Inc. (PATK) News

Patrick Industries, Inc. (PATK): $94.13

-3.39 (-3.48%)

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PATK News Highlights

  • For PATK, its 30 day story count is now at 9.
  • Over the past 22 days, the trend for PATK's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
  • The most mentioned tickers in articles about PATK are POOL.

Latest PATK News From Around the Web

Below are the latest news stories about Patrick Industries Inc that investors may wish to consider to help them evaluate PATK as an investment opportunity.

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Yahoo | May 4, 2021

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Yahoo | May 4, 2021

Patrick Industries, Inc. Completes Acquisition of Alpha Systems, LLC

Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Alpha Systems, LLC ("Alpha"), a leading manufacturer and distributor of component products and accessories, primarily serving the recreational vehicle ("RV") industry, in addition to the manufactured housing, commercial building and marine markets. Alpha's major product categories include adhesives and sealants, roofing membranes for RVs, roto/blow and injection molded products, butyl tape, shutters and various other parts and accessories. Alpha's trailing 12-months revenue through March 2021 was approximately $158 million, and the acquisition is expected to be immediately accretive to earnings per share.

Yahoo | May 3, 2021

Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2021 Results - Earnings Call Transcript

Patrick Industries, Inc. (PATK) Q1 2021 Results Conference Call April 29, 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 Brett Andress - KeyBanc Capital Markets Daniel Moore - CJS...

SA Transcripts on Seeking Alpha | May 1, 2021

Patrick Industries, Inc. Reports First Quarter 2021 Financial Results

ELKHART, Ind. , April 29, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK ), a major manufacturer and distributor of component and building products for the recreational vehicle ("RV"), marine, manufactured housing ("MH"), and industrial markets, today reported financial results for the first quarter ended March 28, 2021. Net sales in the first quarter of 2021 increased $261.3 million , or 44%, to $850.5 million from $589.2 million in the first quarter of 2020. The consolidated net sales increase was due to growth across all market sectors, led by the RV and marine markets. Operating income of $68.5 million increased $29.2 million , or 74%, compared to $39.3 million in the first quarter of 2020. Operating margin of 8.1% in the first quarter of 2021 increased 140 basis points...

Benzinga | April 29, 2021

Patrick Industries, Inc. Announces Closing of $350 Million Senior Notes Offering and New Credit Facility

Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $350 million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.

Yahoo | April 21, 2021

Patrick Industries to offer $350M of senior notes

Patrick Industries ([[PATK]] -1.2%) announces that it intends to offer up to $350M aggregate principal amount of senior notes due 2029.Intends to use the net proceeds to repay a portion of its borrowings under its existing senior secured credit facility, to pay fees and expenses in connection with the foregoing,...

Seeking Alpha | April 13, 2021

Patrick Industries closes on Hyperform deal

Patrick Industries ([[PATK]] +0.1%) closes on the acquisition of Hyperform.Hyperform is described as a leading manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket.SeaDek operates out of two manufacturing facilities located in Rockledge, Florida and in Cocoa, Florida, which possess...

Seeking Alpha | April 12, 2021

Patrick Industries, Inc. Completes Acquisition of Hyperform Inc.

Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Hyperform Inc., a leading manufacturer of high-quality, non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket. Hyperform also serves the pool and spa, powersports and utility markets under the highly complementary brands of SwimDek and EndeavorDek (collectively, "SeaDek"). SeaDek operates out of two manufacturing facilities located in Rockledge, Florida and in Cocoa, Florida, which possess full marketing, laboratory, prototyping, and research and development capabilities. SeaDek had full-year 2020 revenues of approximately $25 million, and the Company expects the acquisition to be immediately accretive to net inc...

Yahoo | April 12, 2021

If You Had Bought Patrick Industries (NASDAQ:PATK) Shares A Year Ago You'd Have Earned 203% Returns

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company...

Yahoo | April 6, 2021


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