Patrick Industries PATK Earnings Call Transcript

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Feb. 5, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Andy Nemeth

• President — Jeff Rodino

• Chief Financial Officer — Matt Feiler

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Andy Nemeth: Thank you, Steve. Morning, everyone, and convey you for joining america connected the telephone today. I privation to statesman by expressing my gratitude to the full Patrick squad for their leadership, dedication, passion, hard work, and relentless committedness to service and spouse with our customers passim 2025. This squad continues to elevate the modular astatine which we run successful alignment with our amended unneurotic values. Their committedness is what has continued to thrust and present beardown operating and fiscal results successful a precise dynamic environment.

Our businesses erstwhile again proved resilient successful 2025, and our absorption implicit the past 2 years connected merchandise improvement and innovation efforts paid disconnected successful the signifier of meaningful contented maturation with the 2026 exemplary twelvemonth changes arsenic we proceed our ongoing improvement toward our afloat solutions model. Our teams stay focused connected disciplined execution, scalability, strategical superior allocation, and reinforcing our lawsuit relationships, enabling america to further thrust contented gains successful concern with our customers crossed our outdoor enthusiast markets. In 2025, contempt macroeconomic uncertainty owed to the tariff environment, we welcomed Medallion Instrumentation Systems, Quality Engineered Services, Aegis Group, and Lilypad Marine to the Patrick family.

These teams and businesses bring caller technology, innovation, heavy entrepreneurial spirit, beardown engineering leadership, and further aftermarket contented and runway to Patrick. All 4 of these organizations complement our existing marine afloat solutions platform, enhancing the worth and breadth of products and services we tin bring to our customers. Additionally, aboriginal successful 2025, we strategically complemented our existing investments successful composites done the acquisition of Elkhart Composites. We proceed to item the galore benefits of these materials comparative to the modular wood products utilized by some RV and marine industries and are progressively optimistic that we are conscionable scratching the aboveground related to the semipermanent accidental for composites.

We expect to debut further manufacturing capabilities successful alignment with our industry-leading lamination and composites innovation and level successful 2026 that reenforce Patrick's enactment successful providing next-generation solutions to our markets. Turning to the aftermarket, our increasing aftermarket concern has helped enactment some diversification and resilience done the cycle, enhancing our borderline quality, deepening lawsuit relationships and insights, and enabling america to amended capitalize connected request for replacement and upgrade components. This year, arsenic noted, we accrued our beingness successful this abstraction done assorted channels and present person much than 500 Patrick SKUs connected the RecPro tract from crossed our outdoor enthusiast extremity markets.