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The latest announcement is out from Patrick Industries ( (PATK) ).
Patrick Industries reported an 8% increase in fourth-quarter net sales for 2024, driven by acquisitions and market share gains in the Housing and RV sectors, despite challenges in the Marine market. The company declared a quarterly cash dividend and executed strategic financial moves, including a stock split and refinancing of debt, enhancing its financial flexibility. Significant acquisitions like Sportech and RecPro fortified its presence in the Powersports and Outdoor Enthusiast aftermarket spaces, respectively, positioning Patrick for sustained growth and shareholder value.
More about Patrick Industries
Patrick Industries, Inc. is a leading component solutions provider focused on the Outdoor Enthusiast and Housing markets.
YTD Price Performance: 18.95%
Average Trading Volume: 421,025
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.28B
Learn more about PATK stock on TipRanks’ Stock Analysis page.