Patrick Industries Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Andy Nemeth
Chief executive officer
US$6.7m
Total compensation
| CEO salary percentage | 12.1% |
| CEO tenure | 5yrs |
| CEO ownership | 1.1% |
| Management average tenure | 1yr |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 29 2024 | n/a | n/a | US$155m |
| Jun 30 2024 | n/a | n/a | US$153m |
| Mar 31 2024 | n/a | n/a | US$148m |
| Dec 31 2023 | US$7m | US$817k | US$143m |
| Oct 01 2023 | n/a | n/a | US$152m |
| Jul 02 2023 | n/a | n/a | US$172m |
| Apr 02 2023 | n/a | n/a | US$246m |
| Dec 31 2022 | US$8m | US$833k | US$328m |
| Sep 25 2022 | n/a | n/a | US$349m |
| Jun 26 2022 | n/a | n/a | US$348m |
| Mar 27 2022 | n/a | n/a | US$290m |
| Dec 31 2021 | US$8m | US$743k | US$225m |
| Sep 26 2021 | n/a | n/a | US$202m |
| Jun 27 2021 | n/a | n/a | US$182m |
| Mar 28 2021 | n/a | n/a | US$123m |
| Dec 31 2020 | US$7m | US$589k | US$97m |
| Sep 27 2020 | n/a | n/a | US$79m |
| Jun 28 2020 | n/a | n/a | US$63m |
| Mar 29 2020 | n/a | n/a | US$90m |
| Dec 31 2019 | US$4m | US$494k | US$90m |
| Sep 29 2019 | n/a | n/a | US$97m |
| Jun 30 2019 | n/a | n/a | US$103m |
| Mar 31 2019 | n/a | n/a | US$111m |
| Dec 31 2018 | US$3m | US$473k | US$120m |
Compensation vs Market: Andy's total compensation ($USD6.75M) is above average for companies of similar size in the German market ($USD2.07M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
CEO
Andy Nemeth (55 yo)
5yrs
Tenure
US$6,748,551
Compensation
Mr. Andy L. Nemeth has been the Chief Executive Officer of Patrick Industries Inc. since January 1, 2020 and also serves as its Chairman of the Board since May 16, 2024 and served as its President since Ja...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 5yrs | US$6.75m | 1.08% € 34.3m | |
| Senior VP of Finance | less than a year | US$1.20m | 0.029% € 926.5k | |
| Executive VP | 4.2yrs | US$1.65m | 0.14% € 4.5m | |
| President of RV | less than a year | US$3.29m | 0.69% € 22.1m | |
| President of Powersports | 1yr | US$2.86m | 0.45% € 14.2m | |
| CFO, Executive VP of Finance & Treasurer | less than a year | no data | 0.091% € 2.9m | |
| Executive Vice President of Operations & Chief Operating Officer | 1yr | no data | 0.11% € 3.4m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive Vice President of Sales & Chief Sales Officer | 1yr | no data | 0.064% € 2.0m | |
| Executive VP of Human Resources & Chief Human Resources Officer | 2.7yrs | no data | no data | |
| Executive Vice President of Product Development & Innovation | 3.5yrs | US$273.81k | no data | |
| Executive Vice President of Leadership & Culture | 3.4yrs | no data | no data |
1.0yrs
Average Tenure
51yo
Average Age
Experienced Management: PK2's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 19yrs | US$6.75m | 1.08% € 34.3m | |
| Independent Director | 9.8yrs | US$243.50k | 0.50% € 15.8m | |
| Independent Director | 5.8yrs | US$233.50k | 0.051% € 1.6m | |
| Director | 17yrs | US$576.69k | 0.50% € 16.0m | |
| Independent Director | 16.5yrs | US$228.50k | 0.22% € 7.0m | |
| Lead Independent Director | 13.4yrs | US$218.50k | 0.16% € 5.1m | |
| Independent Director | 5.8yrs | US$218.50k | 0.037% € 1.2m | |
| Independent Director | 11.8yrs | US$238.50k | 0.044% € 1.4m | |
| Independent Director | 5.8yrs | US$218.50k | 0.055% € 1.7m |
11.8yrs
Average Tenure
58yo
Average Age
Experienced Board: PK2's board of directors are seasoned and experienced ( 11.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 10:51 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Patrick Industries, Inc. is covered by 15 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Craig Kennison | Baird |
| Michael Albanese | Benchmark Company |
| null null | BMO Capital Markets Equity Research |