Patrick Industries Inc (NASDAQ: PATK)

Patrick Industries, Inc. is a leading component solutions provider for the recreational vehicle marine powersports manufactured housing and industrial markets. The company operates through a nationwide network of manufacturing plants and warehouse and distribution facilities located in 25 states with a small presence in Mexico China and Canada.

The company generates revenue by manufacturing and distributing a broad range of products including laminated panels countertops lighting electrical systems plumbing hardware furniture flooring and marine and RV components. Its products are sold primarily to original equipment manufacturers in the RV marine powersports manufactured housing and industrial sectors.

The company operates through the following segments: Manufacturing and Distribution.

• The Manufacturing segment produces laminated products countertops lighting electrical and plumbing components furniture flooring and specialized parts for RV marine powersports manufactured housing and industrial applications.

• The Distribution segment purchases and warehouses commodity and finished goods such as lumber aluminum plastic resin and other supplies then resells them to customers across the same end markets.

Patrick Industries holds a strong position as a supplier to major OEMs such as Forest River Thor Clayton Homes Champion Homes and Cavco Industries benefiting from its integrated manufacturing and distribution network. The company competes on price product innovation quality delivery speed and customer service while leveraging its scale and broad product portfolio to maintain advantages over smaller regional suppliers.

The company serves a diverse customer base that includes leading RV manufacturers Forest River and Thor major marine builders powersports OEMs manufactured housing producers such as Clayton Homes Champion Homes and Cavco Industries and various industrial customers in construction and hospitality sectors.