patrick industries inc (PATK:NASDAQ GM)
patrick industries inc (PATK) Snapshot
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Open
$20.51
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Previous Close
$20.54
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Day High
$21.32
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Day Low
$20.50
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52 Week High
05/22/13 - $22.02
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52 Week Low
08/2/12 - $10.51
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Market Cap
221.5M
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Average Volume 10 Days
64.5K
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EPS TTM
$2.65
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Shares Outstanding
10.6M
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EX-Date
05/16/03
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P/E TM
7.9x
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Dividend
--
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Dividend Yield
--
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patrick industries inc (PATK) Related Businessweek News
No Related Businessweek News Foundpatrick industries inc (PATK) Details
Patrick Industries, Inc. engages in the manufacture and distribution of building products and materials primarily for the recreational vehicle, manufactured housing, and industrial markets in the United States and Canada. It operates in two segments, Manufacturing and Distribution. The Manufacturing segment manufactures and fabricates various products, such as decorative vinyl and paper laminated panels, wrapped vinyl, paper and hardwood profile moldings, stiles and battens, hardwood, foil and membrane pressed cabinet doors, drawer sides and bottoms, hardwood furniture, interior passage doors, exterior graphics, and slotwall panels and components, as well as solid surface, granite, and quartz countertops and sinks. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, wiring products, electrical and plumbing products, cement siding products, interior passage doors, roofing products, laminate and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other miscellaneous products. The company also provides custom fabrication, edge-banding, drilling, boring, and cut-to-size services. Patrick Industries, Inc. markets its products under the Adorn, Custom Vinyls, Patrick Distribution, AIA Countertops, Quest Audio Video, Interior Components Plus, Gravure Ink, Praxis Group, Infinity Graphics, Décor, Gustafson, Creative Wood, and Middlebury Hardwoods brands, as well as Decorative Dynamics brand. The company offers its products through a network of manufacturing and distribution centers. Patrick Industries, Inc. was founded in 1959 and is based in Elkhart, Indiana.
patrick industries inc (PATK) Top Compensated Officers
patrick industries inc (PATK) Key Developments
Patrick Industries Inc., Annual General Meeting, May 23, 2013., at 10:00 US Eastern Standard Time. Location: 107 West Franklin Street. Agenda: To elect ten directors to the Board of Directors to serve until the 2014 annual meeting of shareholders; to ratify the appointment of Crowe Horwath LLP as independent registered public accounting firm for fiscal year 2013; to approve, in an advisory and non-binding vote, the compensation of the company’s named executive officers for fiscal year 2012; to recommend, in an advisory and non-binding vote, whether a non-binding shareholder vote to approve the compensation of the company’s named executive officers should occur every one, two or three years; and to consider and transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
Patrick Industries Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net sales increased $39.4 million or 38.4%, to $142.1 million from $102.7 million in the first quarter of 2012. The increase was primarily attributable to a 51% increase in the company's revenue from the RV industry, which represented approximately 75% of its first quarter 2013 sales, an increase of 6% in the company's revenues from the MH industry, and a 17% increase in revenues from the industrial markets. Operating income was $10.416 million against $7.526 million a year ago. Net income was $6.019 million or $0.55 per basic and diluted share against net income of $5.011 million or $0.47 per basic and diluted share a year ago. The first quarter of 2013 includes the impact of a tax provision of $3.8 million or $0.35 per diluted share at the full estimated combined federal and state statutory rate of 39% compared to the first quarter of 2012 where the company carried a full valuation allowance against its deferred taxes and had an effective tax rate of 0%.
Patrick Industries Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013
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| PATK:US | $20.87 USD | +0.33 |  |
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Industry Analysis
PATK
Industry Average
| Valuation | PATK | Industry Range |
| Price/Earnings | 7.7x |
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| Price/Sales | 0.5x |
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| Price/Book | 3.5x |
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| Price/Cash Flow | 7.2x |
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| TEV/Sales | 0.3x |
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