Patrick Industries Increases Dividend to $0.47, Reinforcing Shareholder Commitment and Growth Strategy

Patrick Industries Strengthens Commitment to Shareholders with Dividend Increase

Patrick Industries, Inc. announces a significant increase in its quarterly cash dividend, raising it from $0.40 to $0.47 per share. This decision, made by the Board of Directors, underscores the company's confidence in its robust business model and the resilience of its market position. The new dividend is set to be paid on December 15, 2025, to shareholders of record as of December 1, 2025. CEO Andy Nemeth affirms that this move reflects Patrick's disciplined capital allocation strategy, which is designed to support the company’s growth initiatives in a competitive landscape.

Founded in 1959 and based in Elkhart, Indiana, Patrick Industries has established itself as a leading provider of component solutions across the recreational vehicle (RV), marine, powersports, and housing sectors. With a workforce of approximately 10,000 skilled employees, the company operates over 85 brands, emphasizing quality, customer service, and innovation. This diversified portfolio enables Patrick to enhance recreational experiences for outdoor enthusiasts while also serving manufacturers effectively. The company’s customer-centric approach integrates various functions, including design, manufacturing, distribution, and transportation, positioning it as a trusted partner in its industries.

The announcement also includes forward-looking statements about Patrick's future performance, highlighting that actual results may differ from projections due to potential risks. These risks are elaborated in the company's Annual Report on Form 10-K for the fiscal year ending December 31, 2024, as well as in subsequent Forms 10-Q filed with the SEC. Patrick Industries remains committed to transparency and proactive communication with its shareholders as it navigates market challenges and opportunities.

In addition to the dividend announcement, Patrick Industries continues to focus on enhancing its operational efficiencies and expanding its market reach. The company's strategic investments in innovation are aimed at bolstering its competitive edge in the recreational and housing markets. As the industry evolves, Patrick's commitment to quality and customer service remains at the forefront of its business strategy, ensuring long-term sustainability and growth.

Interested parties can stay informed about Patrick Industries and its product offerings by visiting the company’s website at www.patrickind.com.