Every material Form 8-K Patrick Industries filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Patrick Industries said Kip B. Ellis, President – Powersports and Housing, resigned as an officer and employee effective immediately to pursue outside interests, with no disagreement with the company cited. The company appointed Hugo E. Gonzalez, its Executive Vice President – Operations and Chief Operating Officer, to the president role effective immediately, in line with its succession plan.
Kip B. Ellis resigned as President – Powersports and Housing, effective immediately, announced December 12, 2025
Ellis stated no disagreement with the company on operations, policies or practices
Hugo E. Gonzalez appointed President – Powersports and Housing, effective immediately, per succession plan
Patrick Industries reported third quarter 2025 results on October 30, 2025. Net sales rose 6% to $976 million, driven by acquisitions and organic growth, but operating income fell to $66 million from $74 million and diluted EPS fell to $1.01 from $1.20, so headline revenue and profit moved in opposite directions. The company said the margin decline was partly due to temporary factors, including model-year changeover inefficiencies.
Net sales increased 6% to $976 million; revenue rose in all four primary end markets.
Operating income was $66 million versus $74 million; operating margin was 6.8% versus 8.1%.
Net income was $35 million, or $1.01 per diluted share, versus $41 million, or $1.20 per diluted share, a year earlier.
Year-to-date operating cash flow was $199 million versus $224 million; total net leverage ratio was 2.8x.
Patrick Industries said Jeff Rodino will assume the role of President, with responsibility for leadership, strategic planning and financial performance. The filing does not state a title change for the CEO or any compensation terms, and it contains no financial results.
Jeff Rodino will assume the role of President, per the 8-K dated October 2, 2025
Responsibilities include leadership, strategic planning and financial performance
Filing was signed by CEO Andy L. Nemeth; no compensation details or effective date are given
Patrick Industries reported second quarter 2025 results for the period ended June 29, 2025. Net sales rose 3% to $1.05 billion, but net income fell 32% to $32 million, or $0.96 per diluted share, after a $24.4 million legal settlement; excluding that expense, adjusted diluted EPS was $1.50 versus $1.44 a year earlier.
Net sales rose 3%, or $31 million, to $1.05 billion, led by RV (up 7%) and Housing (up 3%) growth.
Diluted EPS was $0.96 versus $1.44 a year earlier; adjusted diluted EPS was $1.50 versus $1.44.
Management expects lower wholesale shipments in the second half of 2025 than in the first half, relatively unchanged from its prior view.
Total net leverage ratio was 2.6x, with available liquidity of approximately $835 million at quarter end.
Patrick Industries said former CFO Jake Petkovich rejoins the company as President – Marine, effective May 19, 2025, succeeding Rick Reyenger, who moves to a strategic advisory role. The filing discloses Petkovich's employment agreement, including a $500,000 base salary, a 2025 short-term incentive target of $900,000, and equity grants. The change affects leadership of the company's Marine businesses, and the compensation terms are disclosed for shareholders.
Effective May 19, 2025, Jake Petkovich becomes President – Marine, succeeding Rick Reyenger, who stays with the company in a strategic advisory role.
Employment agreement sets an annual base salary of $500,000 and a 2025 short-term incentive target of $900,000.
Equity grants include 10,257 restricted stock units, options on 42,180 shares at $92.72, and 42,180 stock appreciation rights at exercise prices from $92.72 to $158.05.
Petkovich was Patrick's Executive Vice President – Finance, CFO and Treasurer from 2020 to 2023, and CFO of Indicor, LLP from 2023 to the present.
Patrick Industries reported first quarter 2025 net sales up 7% to $1.0 billion, with net income of $38 million and diluted EPS of $1.11, compared with $35 million and $1.06 a year earlier. Adjusted diluted EPS fell to $1.11 from $1.19, and free cash flow over the trailing twelve months dropped to $251 million from $391 million. The company gave no numeric guidance and said rising tariffs have increased macroeconomic uncertainty.
Net sales rose 7%, or $70 million, to $1.0 billion; RV revenue rose 14% and Housing revenue rose 7%, while Marine fell 4% and Powersports fell 2%.
Reported diluted EPS was $1.11 vs. $1.06; adjusted diluted EPS was $1.11 vs. $1.19 in the prior year period.
Free cash flow on a trailing twelve-month basis was $251 million vs. $391 million a year earlier; total net leverage ratio was 2.7x at quarter end.
The company repurchased about 99,800 shares for $8.5 million and paid $14 million in regular dividends; $191.5 million remained under its repurchase authorization.
On February 25, 2025, Patrick Industries approved stock options and stock appreciation rights under its 2009 Omnibus Incentive Plan for six named executive officers. CEO Andy L. Nemeth received 84,360 options and 84,360 SARs, the largest award in the filing. The awards are equity compensation that ties executive pay to future share price gains.
Options exercise price is $92.72 per share, vesting pro-rata over four anniversaries with nine-year terms.
SARs have four equal tranches with strike prices of $92.72, $110.76, $132.31 and $158.05.
Andy L. Nemeth (CEO) received 84,360 options and 84,360 SARs; Jeffrey M. Rodino and Kip B. Ellis each received 42,180 of each.
Andrew C. Roeder (CFO) received 6,750 of each; Matthew S. Filer and Joel D. Duthie received 5,060 and 4,220 of each.
Patrick Industries reported fourth-quarter 2024 net sales up 8% to $846 million, helped by acquisitions and higher Housing revenue, but operating income fell 31% to $40 million and diluted EPS dropped to $0.42 from $0.94. For full year 2024, net sales rose 7% to $3.7 billion while diluted EPS fell to $4.11 from $4.33. The board also declared a $0.40 quarterly dividend per share.
Q4 2024 net sales $846 million, up 8%; operating income $40 million, down 31%
Q4 2024 diluted EPS $0.42 versus $0.94 a year earlier; adjusted diluted EPS $0.52
Full year 2024 net sales $3.7 billion, up 7%; diluted EPS $4.11 versus $4.33 in 2023
Quarterly dividend of $0.40 per share, payable March 3, 2025, to holders of record on February 18, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Patrick Industries filing is on SEC EDGAR ↗. 8-K briefs of other companies →