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Patrick Industries Inc   (NASDAQ: PATK)
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Description of Patrick Industries Inc's Business Segments


Through its operating brands, the Company provides customers with specific product knowledge, expertise and support that is tailored to their needs. The Company strives to be the supplier of choice for its customers by elevating the customer purchasing experience with expert product line managers, support staff and strategic partnerships for each operating brand, which help drive efficiency and maximize value for its customers.

Primary product brands include:

Adorn

Custom Vinyls

Patrick Distribution

AIA Countertops

Quest Audio Video

Interior Components Plus

Gravure Ink

Praxis Group

Décor Manufacturing


Gustafson Lighting

Creative Wood Designs

Middlebury Hardwood Products

Frontline Manufacturing

Premier Concepts

West Side Furniture

Precision Painting

Carrera Custom Painting

Millennium Paint


Foremost Fabricators

PolyDyn3

Charleston

Better Way Products

Structural Composites of Indiana

North American Forest Products

North American Moulding

Parkland Plastics


Progressive Group

Cana Cabinetry

Mishawaka Sheet Metal

L.S. Manufacturing

BH Electronics

Sigma Wire

KRA International
In addition, our industrial markets sector cross sells existing product lines and launches new products that are targeted to serve unique, consumer-driven channels under the Decorative Dynamics brand name.
Patrick has no material patents, licenses, franchises, or concessions and does not conduct significant research and development activities.




Composition of Patrick Industries Inc Revenues by Segments

 
Recreational Vehicle    43.17 % of total Revenue
Marine    14.81 % of total Revenue
Powersports    9.51 % of total Revenue
Manufactured Housing    19.32 % of total Revenue
Industrial    13.3 % of total Revenue
Manufacturing    74.61 % of total Revenue
Manufacturing Recreational Vehicle    29.94 % of total Revenue
Manufacturing Marine    13.72 % of total Revenue
Manufacturing Powersports    9.2 % of total Revenue
Manufacturing Manufactured Housing    8.34 % of total Revenue
Manufacturing Industrial    12.34 % of total Revenue
Distribution    26.56 % of total Revenue
Distribution Recreational Vehicle    13.23 % of total Revenue
Distribution Marine    1.08 % of total Revenue
Distribution Powersports    0.32 % of total Revenue
Distribution Manufactured Housing    10.97 % of total Revenue
Distribution Industrial    0.96 % of total Revenue
Eliminations    -0.54 % of total Revenue

Q3 three months ended (Sep 29 2024)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Recreational Vehicle 396.50 43.17 %
Marine 135.99 14.81 %
Powersports 87.39 9.51 %
Manufactured Housing 177.41 19.32 %
Industrial 122.15 13.3 %
Manufacturing 685.30 74.61 %
Manufacturing Recreational Vehicle 275.02 29.94 %
Manufacturing Marine 126.07 13.72 %
Manufacturing Powersports 84.49 9.2 %
Manufacturing Manufactured Housing 76.63 8.34 %
Manufacturing Industrial 113.32 12.34 %
Distribution 243.92 26.56 %
Distribution Recreational Vehicle 121.48 13.23 %
Distribution Marine 9.93 1.08 %
Distribution Powersports 2.90 0.32 %
Distribution Manufactured Housing 100.78 10.97 %
Distribution Industrial 8.83 0.96 %
Eliminations -4.99 -0.54 %
Total 918.51 100 %




Q3 three months ended (Sep 29 2024)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Recreational Vehicle - -
Marine - -
Powersports - -
Manufactured Housing - -
Industrial - -
Manufacturing - -11.49 %
Manufacturing Recreational Vehicle - -
Manufacturing Marine - -
Manufacturing Powersports - -
Manufacturing Manufactured Housing - -
Manufacturing Industrial - -
Distribution - -8.04 %
Distribution Recreational Vehicle - -
Distribution Marine - -
Distribution Powersports - -
Distribution Manufactured Housing - -
Distribution Industrial - -
Eliminations - -
Total 6.17 % -9.65 %




Q3 three months ended (Sep 29 2024)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 40.87 4.45 %




Q3 three months ended (Sep 29 2024)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total 3.33 % -14.66 %




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