Patrick Industries Inc., based in Elkhart, reported a full-year net income of $135 million in 2025, a slight decrease from $138 million in the previous year, despite achieving sales over $4 billion. The manufacturing company, which serves the RV, marine, powersports, and housing markets, saw its fourth-quarter net income double to $29.1 million. CEO Andy Nemeth attributed this to strategic growth initiatives and acquisitions, while President Jeff Rodino highlighted disciplined production and inventory levels in their outdoor enthusiast markets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Full-year profit dips for Patrick Industries
Patrick Industries Inc., based in Elkhart, reported a full-year net income of $135 million in 2025, a slight decrease from $138 million in the previous year, despite achieving sales over $4 billion. The manufacturing company, which serves the RV, marine, powersports, and housing markets, saw its fourth-quarter net income double to $29.1 million. CEO Andy Nemeth attributed this to strategic growth initiatives and acquisitions, while President Jeff Rodino highlighted disciplined production and inventory levels in their outdoor enthusiast markets.