Patrick Industries Management
Management criteria checks 3/4
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 $30.46M. 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 percentage | 12.1% |
| CEO tenure | 4.9yrs |
| CEO ownership | 1.1% |
| Management average tenure | less than a year |
| Board average tenure | 11.8yrs |
Recent management updates
Recent updates
Patrick Industries' (NASDAQ:PATK) Dividend Will Be Increased To $0.60
Nov 21
Earnings Update: Patrick Industries, Inc. (NASDAQ:PATK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Nov 03Should You Investigate Patrick Industries, Inc. (NASDAQ:PATK) At US$146?
Oct 18Patrick Industries, Inc. (NASDAQ:PATK) Investors Are Less Pessimistic Than Expected
Oct 03Patrick Industries (NASDAQ:PATK) Takes On Some Risk With Its Use Of Debt
Sep 09Patrick Industries: With Key Markets Stabilizing, Shares Deserve More Upside
Jul 29Why Patrick Industries, Inc. (NASDAQ:PATK) Could Be Worth Watching
Jul 12Some May Be Optimistic About Patrick Industries' (NASDAQ:PATK) Earnings
May 22Patrick Industries, Inc.'s (NASDAQ:PATK) CEO Compensation Looks Acceptable To Us And Here's Why
May 10Patrick Industries: An Acquisitions Masterclass For Long-Term Growth
May 04Market Still Lacking Some Conviction On Patrick Industries, Inc. (NASDAQ:PATK)
Apr 24Patrick Industries: Expectations Run A Bit Hot After Its Biggest M&A Deal
Mar 12Are Investors Undervaluing Patrick Industries, Inc. (NASDAQ:PATK) By 32%?
Feb 26Patrick Industries (NASDAQ:PATK) Is Due To Pay A Dividend Of $0.55
Feb 11Patrick Industries, Inc. (NASDAQ:PATK) Might Not Be As Mispriced As It Looks
Jan 23Is Now The Time To Look At Buying Patrick Industries, Inc. (NASDAQ:PATK)?
Jan 04Patrick Industries (NASDAQ:PATK) Will Want To Turn Around Its Return Trends
Dec 19We Think Patrick Industries (NASDAQ:PATK) Is Taking Some Risk With Its Debt
Dec 06Patrick Industries (NASDAQ:PATK) Is Increasing Its Dividend To $0.55
Nov 19What Does Patrick Industries, Inc.'s (NASDAQ:PATK) Share Price Indicate?
Sep 25Capital Allocation Trends At Patrick Industries (NASDAQ:PATK) Aren't Ideal
Aug 16These 4 Measures Indicate That Patrick Industries (NASDAQ:PATK) Is Using Debt Extensively
Jul 29Is Patrick Industries, Inc. (NASDAQ:PATK) Potentially Undervalued?
Jun 11Patrick Industries (NASDAQ:PATK) Has Some Way To Go To Become A Multi-Bagger
May 18Patrick Industries, Inc. (NASDAQ:PATK) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 27At US$71.26, Is Patrick Industries, Inc. (NASDAQ:PATK) Worth Looking At Closely?
Mar 10Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Feb 22CEO 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 |
| Sep 30 2018 | n/a | n/a | US$122m |
| Jul 01 2018 | n/a | n/a | US$112m |
| Apr 01 2018 | n/a | n/a | US$98m |
| Dec 31 2017 | US$5m | US$448k | US$86m |
Compensation vs Market: Andy's total compensation ($USD6.75M) is about average for companies of similar size in the US market ($USD6.60M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 4.9yrs | US$6.75m | 1.08% $ 30.5m | |
| Senior VP of Finance | less than a year | US$1.20m | 0.029% $ 822.7k | |
| Executive VP | 4.1yrs | US$1.65m | 0.14% $ 4.0m | |
| President of RV | less than a year | US$3.29m | 0.69% $ 19.6m | |
| President of Powersports | less than a year | US$2.86m | 0.45% $ 12.7m | |
| CFO, Executive VP of Finance & Treasurer | less than a year | no data | 0.091% $ 2.6m | |
| Executive Vice President of Operations & Chief Operating Officer | less than a year | no data | 0.11% $ 3.0m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive Vice President of Sales & Chief Sales Officer | less than a year | no data | 0.064% $ 1.8m | |
| Executive VP of Human Resources & Chief Human Resources Officer | 2.6yrs | no data | no data | |
| Executive Vice President of Product Development & Innovation | 3.4yrs | US$273.81k | no data | |
| Executive Vice President of Leadership & Culture | 3.3yrs | no data | no data |
0.9yrs
Average Tenure
51yo
Average Age
Experienced Management: PATK's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 18.9yrs | US$6.75m | 1.08% $ 30.5m | |
| Independent Director | 9.7yrs | US$243.50k | 0.50% $ 14.1m | |
| Independent Director | 5.8yrs | US$233.50k | 0.051% $ 1.4m | |
| Director | 16.9yrs | US$576.69k | 0.50% $ 14.2m | |
| Independent Director | 16.4yrs | US$228.50k | 0.22% $ 6.2m | |
| Lead Independent Director | 13.3yrs | US$218.50k | 0.16% $ 4.5m | |
| Independent Director | 5.8yrs | US$218.50k | 0.037% $ 1.0m | |
| Independent Director | 11.8yrs | US$238.50k | 0.044% $ 1.2m | |
| Independent Director | 5.8yrs | US$218.50k | 0.055% $ 1.6m |
11.8yrs
Average Tenure
58yo
Average Age
Experienced Board: PATK'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 | 2024/12/19 22:56 |
| End of Day Share Price | 2024/12/19 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 |
| |
| 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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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 |
| Tristan Thomas-Martin | BMO Capital Markets Equity Research |