Patrick Industries, Inc.

DB:PK2 Stock Report

Market Cap: €2.7b

Patrick Industries Management

Management criteria checks 2/4

Patrick Industries' CEO is Andy Nemeth, appointed in Jan 2020, has a tenure of 4.92 years. total yearly compensation is $6.75M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 1.08% of the company’s shares, worth €29.40M. The average tenure of the management team and the board of directors is 0.9 years and 11.8 years respectively.

Key information

Andy Nemeth

Chief executive officer

US$6.7m

Total compensation

CEO salary percentage12.1%
CEO tenure4.9yrs
CEO ownership1.1%
Management average tenureless than a year
Board average tenure11.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Nemeth's remuneration changed compared to Patrick Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 29 2024n/an/a

US$155m

Jun 30 2024n/an/a

US$153m

Mar 31 2024n/an/a

US$148m

Dec 31 2023US$7mUS$817k

US$143m

Oct 01 2023n/an/a

US$152m

Jul 02 2023n/an/a

US$172m

Apr 02 2023n/an/a

US$246m

Dec 31 2022US$8mUS$833k

US$328m

Sep 25 2022n/an/a

US$349m

Jun 26 2022n/an/a

US$348m

Mar 27 2022n/an/a

US$290m

Dec 31 2021US$8mUS$743k

US$225m

Sep 26 2021n/an/a

US$202m

Jun 27 2021n/an/a

US$182m

Mar 28 2021n/an/a

US$123m

Dec 31 2020US$7mUS$589k

US$97m

Sep 27 2020n/an/a

US$79m

Jun 28 2020n/an/a

US$63m

Mar 29 2020n/an/a

US$90m

Dec 31 2019US$4mUS$494k

US$90m

Sep 29 2019n/an/a

US$97m

Jun 30 2019n/an/a

US$103m

Mar 31 2019n/an/a

US$111m

Dec 31 2018US$3mUS$473k

US$120m

Sep 30 2018n/an/a

US$122m

Jul 01 2018n/an/a

US$112m

Apr 01 2018n/an/a

US$98m

Dec 31 2017US$5mUS$448k

US$86m

Compensation vs Market: Andy's total compensation ($USD6.75M) is above average for companies of similar size in the German market ($USD1.94M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

CEO

Andy Nemeth (55 yo)

4.9yrs

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

NamePositionTenureCompensationOwnership
Andy Nemeth
CEO & Chairman of the Board4.9yrsUS$6.75m1.08%
€ 29.4m
Matthew Filer
Senior VP of Financeless than a yearUS$1.20m0.029%
€ 793.9k
Joel Duthie
Executive VP4.1yrsUS$1.65m0.14%
€ 3.8m
Jeffrey Rodino
President of RVless than a yearUS$3.29m0.69%
€ 18.9m
Kip Ellis
President of Powersportsless than a yearUS$2.86m0.45%
€ 12.2m
Andrew Roeder
CFO, Executive VP of Finance & Treasurerless than a yearno data0.091%
€ 2.5m
Hugo Gonzalez
Executive Vice President of Operations & Chief Operating Officerless than a yearno data0.11%
€ 2.9m
Steve O'Hara
Vice President of Investor Relationsno datano datano data
Charlie Roeder
Executive Vice President of Sales & Chief Sales Officerless than a yearno data0.064%
€ 1.7m
Stacey Amundson
Executive VP of Human Resources & Chief Human Resources Officer2.6yrsno datano data
Doyle Stump
Executive Vice President of Product Development & Innovation3.4yrsUS$273.81kno data
Todd Gongwer
Executive Vice President of Leadership & Culture3.3yrsno datano data

0.9yrs

Average Tenure

51yo

Average Age

Experienced Management: PK2's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Andy Nemeth
CEO & Chairman of the Board18.9yrsUS$6.75m1.08%
€ 29.4m
M. Welch
Independent Director9.7yrsUS$243.50k0.50%
€ 13.6m
Denis Suggs
Independent Director5.8yrsUS$233.50k0.051%
€ 1.4m
Todd Cleveland
Director16.9yrsUS$576.69k0.50%
€ 13.7m
Joseph Cerulli
Independent Director16.4yrsUS$228.50k0.22%
€ 6.0m
John Forbes
Lead Independent Director13.3yrsUS$218.50k0.16%
€ 4.4m
Derrick Mayes
Independent Director5.8yrsUS$218.50k0.037%
€ 1.0m
Michael Kitson
Independent Director11.8yrsUS$238.50k0.044%
€ 1.2m
Pamela Klyn
Independent Director5.8yrsUS$218.50k0.055%
€ 1.5m

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

DataLast Updated (UTC time)
Company Analysis2024/12/19 21:56
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Craig KennisonBaird
Michael AlbaneseBenchmark Company
Tristan Thomas-MartinBMO Capital Markets Equity Research