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PATK Patrick Industries

Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lightning products, and other miscellaneous products. The company was founded in 1959 and is headquartered in Elkhart, IN.

Company profile

Ticker
PATK
Exchange
Website
CEO
Andrew Nemeth
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
351057796

PATK stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

26 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 44.77M 44.77M 44.77M 44.77M 44.77M 44.77M
Cash burn (monthly) 5.86M 7.89M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 20.92M 28.14M n/a n/a n/a n/a
Cash remaining 23.85M 16.62M n/a n/a n/a n/a
Runway (months of cash) 4.1 2.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Mar 21 James E Rose Common Stock Grant Aquire A No No 0 700 0 700
16 Mar 21 Nemeth Andy L Common Stock Sell Dispose S No Yes 92 998 91.82K 271,984
15 Mar 21 Nemeth Andy L Common Stock Sell Dispose S No Yes 90.4468 15,002 1.36M 272,982
12 Mar 21 Cleveland Todd M Common Stock Sell Dispose S No No 89.5969 9,597 859.86K 336,956
11 Mar 21 Nemeth Andy L Common Stock Sell Dispose S No No 92.5 5,000 462.5K 287,984
11 Mar 21 Cleveland Todd M Common Stock Sell Dispose S No No 93.2659 403 37.59K 346,553
10 Mar 21 Nemeth Andy L Common Stock Payment of exercise Dispose F No No 91.3 10,565 964.58K 292,984
10 Mar 21 Nemeth Andy L Common Stock Sale back to company Dispose D No No 91.3 41,731 3.81M 303,549
10 Mar 21 Nemeth Andy L Common Stock Option exercise Aquire M No No 74.63 7,459 556.67K 345,280
10 Mar 21 Nemeth Andy L Common Stock Option exercise Aquire M No No 66.93 7,459 499.23K 337,821

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 212 202 +5.0%
Opened positions 37 31 +19.4%
Closed positions 27 22 +22.7%
Increased positions 60 59 +1.7%
Reduced positions 76 77 -1.3%
13F shares
Current Prev Q Change
Total value 2.84B 1.19B +138.4%
Total shares 20.93M 20.68M +1.2%
Total puts 6.4K 4.2K +52.4%
Total calls 4.7K 2K +135.0%
Total put/call ratio 1.4 2.1 -35.2%
Largest owners
Shares Value Change
BLK Blackrock 3.27M $223.55M +3.8%
Wellington Management 1.45M $99.4M -9.7%
Vanguard 1.41M $96.51M -0.7%
FMR 1.05M $72.09M +59.5%
Dimensional Fund Advisors 1.04M $71.08M -4.4%
TROW T. Rowe Price 854.12K $58.38M -0.8%
Loomis Sayles & Co L P 676.22K $46.22M +15.1%
STT State Street 674.5K $46.1M -2.0%
GW&K Investment Management 671.36K $45.89M +10.7%
Capital Research Global Investors 588.77K $40.24M 0.0%
Largest transactions
Shares Bought/sold Change
FMR 1.05M +393.6K +59.5%
GS Goldman Sachs 45.69K -381.53K -89.3%
Norges Bank 350.98K +350.98K NEW
Telemark Asset Management 100K -200K -66.7%
Blue Grotto Capital 0 -163.1K EXIT
Wellington Management 1.45M -155.77K -9.7%
BMO Bank of Montreal 10.77K -139.04K -92.8%
JPM JPMorgan Chase & Co. 390.89K -131.31K -25.1%
BLK Blackrock 3.27M +118.93K +3.8%
R.P. Boggs & Co. Wealth Mangement 116.49K +116.49K NEW

Financial report summary

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Risks
  • The global spread of the COVID-19 virus and measures implemented to combat it have had, and are expected to continue to have, a material adverse effect on our business.
  • If the financial condition of our customers and suppliers deteriorates, our business and operating results could suffer.
  • Changes in consumer preferences relating to our products could adversely impact our sales levels and our operating results.
  • A material percentage of the Company’s sales are concentrated in the RV industry, and declines in the level of RV unit shipments or reductions in industry growth could reduce demand for our products and adversely impact our operating results and financial condition.
  • The RV, MH, marine and industrial industries are highly competitive and some of our competitors may have greater resources than we do.
  • Conditions in the credit market could limit the ability of consumers and wholesale customers to obtain retail and wholesale financing for RVs, manufactured homes, and marine products, resulting in reduced demand for our products.
  • The manufactured housing industry has experienced a material long-term decline in shipments, which has led to reduced demand for our products.
  • Fuel shortages or high prices for fuel could have an adverse impact on our operations.
  • If we cannot effectively manage the challenges and risks associated with doing business internationally, our revenues and profitability may suffer.
  • We are dependent on third-party suppliers and manufacturers and any increased cost and limited availability of certain raw materials may have a material adverse effect on our business and results of operations.
  • If we are unable to manage our inventory, our operating results could be materially and adversely affected.
  • We could incur charges for impairment of assets, including goodwill and other long-lived assets, due to potential declines in the fair value of those assets or a decline in expected profitability of the Company or individual reporting units of the Company.
  • We may incur material charges or be adversely impacted by the consolidation and/or closure of all or part of a manufacturing or distribution facility.
  • We are subject to governmental and environmental regulations, and failure in our compliance efforts, changes to such laws and regulations or events beyond our control could result in damages, expenses or liabilities that individually, or in the aggregate, would have a material adverse effect on our financial condition and results of operations.
  • The inability to attract and retain qualified executive officers and key personnel may adversely affect our operations.
  • Our ability to integrate acquired businesses may adversely affect operations.
  • Our level of indebtedness could limit our operational flexibility and harm our financial condition and results of operations.
  • Our 2019 Credit Agreement contains various financial performance and other covenants. If we do not remain in compliance with these covenants, our 2019 Credit Agreement could be terminated and the amounts outstanding thereunder could become immediately due and payable.
  • Due to industry conditions and our operating results, there have been times in the past when we have had limited access to sources of capital. If we are unable to locate suitable sources of capital when needed, we may be unable to maintain or expand our business.
  • The conditional conversion feature of the Convertible Notes that we issued in January 2018, if triggered, may adversely affect our financial condition and operating results.
  • The convertible note hedge and warrant transactions may affect the value of the Convertible Notes and our common stock.
  • A variety of factors, many of which are beyond our control, could influence fluctuations in the market price for our common stock.
  • If our information technology systems fail to perform adequately, our operations could be disrupted and could adversely affect our business, reputation and results of operations.
  • A cyber incident or data breach could result in information theft, data corruption, operational disruption, and/or financial loss.
  • Certain provisions in our Articles of Incorporation and Amended and Restated By-laws may delay, defer or prevent a change in control that our shareholders might consider to be in their best interest.
  • Conditions within the insurance markets could impact our ability to negotiate favorable terms and conditions for various liability coverage and could potentially result in uninsured losses.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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