Company profile

Ticker
PATK
Exchange
CEO
Andy L. Nemeth
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
351057796

PATK stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

27 Feb 20
5 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 549.46M 566.19M 613.22M 608.22M
Net income 19.98M 21.32M 27.42M 20.85M
Diluted EPS 0.86 0.92 1.18 0.9
Net profit margin 3.64% 3.77% 4.47% 3.43%
Operating income 35.98M 37.41M 45.23M 35.83M
Net change in cash 22.68M 93.14M 15.12M 1.56M
Cash on hand 139.39M 116.71M 23.57M 8.45M
Cost of revenue 450.13M 461.85M 500.56M 501.67M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.34B 2.26B 1.64B 1.22B
Net income 89.57M 119.83M 85.72M 55.58M
Diluted EPS 3.85 4.93 3.48 2.43
Net profit margin 3.83% 5.30% 5.24% 4.55%
Operating income 154.44M 178.42M 121.9M 90.84M
Net change in cash 132.5M 4.13M -3.68M 6.36M
Cash on hand 139.39M 6.9M 2.77M 6.45M
Cost of revenue 1.91B 1.85B 1.36B 1.02B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
13 Mar 20 Ellis Kip B Common Stock Buy Aquire P 32.3384 3,000 97.02K 84,646
12 Mar 20 M Scott Welch Common Stock Buy Aquire P 33.25 100 3.33K 8,735
9 Mar 20 M Scott Welch Common Stock Buy Aquire P 39.2199 300 11.77K 8,635
6 Mar 20 M Scott Welch Common Stock Buy Aquire P 46.1599 214 9.88K 8,335
4 Mar 20 Jeffrey L Gendell Et Al Common Stock, no par value Sell Dispose S 53.83 33,500 1.8M 665,562
4 Mar 20 Jeffrey L Gendell Et Al Common Stock, no par value Sell Dispose S 53.83 16,500 888.2K 699,062
28 Feb 20 M Scott Welch Common Stock Buy Aquire P 53.2701 10,000 532.7K 94,000
93.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 193 198 -2.5%
Opened positions 29 30 -3.3%
Closed positions 34 25 +36.0%
Increased positions 61 74 -17.6%
Reduced positions 78 63 +23.8%
13F shares
Current Prev Q Change
Total value 3.09B 2.33B +32.5%
Total shares 21.94M 21.19M +3.5%
Total puts 0 5.3K -100.0%
Total calls 20.3K 27.8K -27.0%
Total put/call ratio 0.2
Largest owners
Shares Value Change
BLK BlackRock 3.34M $175.16M -0.3%
Wellington Management 1.71M $89.64M +11.4%
Vanguard 1.46M $76.42M -0.3%
Dimensional Fund Advisors 1.21M $63.26M -1.0%
N Price T Rowe Associates 858.1K $44.99M +0.5%
RY Royal Bank of Canada 846.25K $44.37M -20.5%
Gendell Jeffrey L 715.56K $37.52M -12.7%
JPM JPMorgan Chase & Co. 702K $36.81M -1.3%
STT State Street 647.68K $33.96M -1.4%
GS Goldman Sachs 634.78K $33.28M +724.7%
Largest transactions
Shares Bought/sold Change
GS Goldman Sachs 634.78K +557.81K +724.7%
Norges Bank 306.88K +306.88K NEW
RY Royal Bank of Canada 846.25K -217.9K -20.5%
FMR 416.27K +185.6K +80.5%
Wellington Management 1.71M +174.58K +11.4%
Driehaus Capital Management 123.21K +123.21K NEW
Millennium Management 251.18K +111.6K +80.0%
PNC The PNC Financial Services Group Inc 15.81K -105.91K -87.0%
Gendell Jeffrey L 715.56K -104.01K -12.7%
Marshall Wace 0 -95.16K EXIT

Financial report summary

?
Risks
  • Economic and business conditions beyond Patrick's control, including cyclicality and seasonality in the industries it sells products, could lead to fluctuations in and negatively impact operating results.
  • If the financial condition of our customers and suppliers deteriorate, 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 significant 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 significant 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 significant 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.
  • We are required to evaluate our internal controls over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002 and any adverse results from such evaluation could result in a loss of investor confidence in our financial reports and could have an adverse effect on our stock price.
  • 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 each 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 ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accuracy, al, alter, analyst, antidilutive, attrition, bathroom, CERCLA, certainty, challenging, characterized, commensurate, Complaint, contemplated, Court, cyberattack, Deloitte, Derrick, District, eleven, extinguishment, fishing, flooding, frequency, Gen, guideline, indemnity, injunctive, Iron, irrespective, isolation, Klyn, Lusher, malware, mathematical, multifamily, NMMA, Northern, outpacing, Pamela, physically, premium, ransom, reassessment, recalibration, redeem, redeemed, redemption, royalty, RSU, Schmitt, seq, similarly, Simultaneously, slight, Sumner, theCompany, Topline, Touche, trademark, trail, upcoming, vendor, wet
Removed: agenda, amounted, annuity, application, apportionment, approximate, architectural, Arizona, assist, auto, automate, baby, BH, BHE, broaden, broadening, cable, Cana, Canadian, capture, capturing, care, carry, category, coated, Colorado, Commerce, contingency, contingently, continuation, created, death, defense, disability, discrete, disposed, eligible, elimination, enactment, estate, evidenced, exceeding, expanding, expenditure, expensive, FIFO, foreseeable, Georgia, goal, granting, grew, grouping, growing, Hassler, headcount, identification, indefinite, insulated, introduction, involving, job, KRA, lawn, liable, likelihood, longer, LS, macroeconomic, matching, maximizing, Mfg, MHI, Michigan, Middlebury, Mishawaka, monthly, mortgage, MSM, NAHB, Newly, organic, originally, originating, outline, outlook, overtime, panel, Parkland, participant, pattern, Paul, payout, payroll, pent, permanent, pool, positively, prepayment, Progressive, PVC, Readily, recently, recover, refundable, Reinvesting, relation, representative, reserve, retirement, retroactive, retroactively, reverse, rolled, scope, show, Sigma, small, space, steadily, steady, steel, strongest, supporting, surrender, Swing, tangible, Tennessee, trended, turnover, unanticipated, unusually, upgrading, Utah, Vacuplast, wheel, work, workflow, younger