Rockford Fosgate's 2025 SEMA Experience is a Showcase of New Product, Innovation, and Show-Stopping Rides
Rockford Fosgate at SEMA: Rockford Fosgate showcases a 6,000-square-foot exhibit at SEMA, featuring innovative audio solutions for various vehicles, including Mister Cartoon's 1963 Ice Cream Truck and Chris Pate's custom 1970 C10 pickup.
New Product Launch: The event marks the debut of Rockford Fosgate's all-new 2026 product line, emphasizing the brand's commitment to high-performance audio systems with bold sound quality.
Live Demos and Art Session: Attendees can experience live vehicle demos and an exclusive art session by illustrator Mike Giant, who will create a piece inspired by Rockford Fosgate's legacy of innovation.
Comprehensive Product Range: The booth highlights Rockford Fosgate's extensive range of audio systems for mobile, marine, motorsports, and motorcycles, showcasing the brand's versatility and commitment to quality.
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- Quarterly Dividend Announcement: Patrick Industries has declared a quarterly dividend of $0.47 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Information: The forward yield of 1.4% reflects the company's attractiveness in the current market environment, potentially appealing to investors seeking stable income.
- Payment Schedule: The dividend will be payable on March 9, with a record date of February 23 and an ex-dividend date also on February 23, ensuring shareholders receive their earnings promptly.
- Executive Appointment: Patrick Industries has appointed Matthew Filer as CFO, whose extensive financial management experience is expected to enhance the company's financial strategy and operational efficiency.
- Earnings Highlights: Patrick Industries reported a Q4 Non-GAAP EPS of $0.84, beating expectations by $0.11, with revenue of $924 million reflecting a 9.2% year-over-year increase and surpassing market forecasts by $64.4 million, indicating strong market performance.
- Profitability Improvement: The adjusted EBITDA for Q4 grew by 17% to $105 million, with an adjusted EBITDA margin increasing by 80 basis points to 11.4%, showcasing significant improvements in cost control and operational efficiency, thereby enhancing profitability.
- Cash Flow and Liquidity: Free cash flow for 2025 was $246 million, slightly down from $251 million in 2024, yet total net liquidity reached $818 million at the end of Q4, with a net leverage ratio of 2.6x, reflecting a solid financial position.
- Strategic Development Focus: The company plans to execute its capital allocation strategy in 2026, focusing on acquisitions, innovative and cost-effective full component solutions, expanding aftermarket presence, and strengthening customer partnerships, aiming to drive profitable organic growth that exceeds market demand.
- Earnings Announcement: Patrick Industries is set to release its Q4 2023 earnings on February 5 before market open, with a consensus EPS estimate of $0.73, reflecting a robust 40.4% year-over-year growth, indicating ongoing improvements in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $859.6 million, representing a 1.6% year-over-year increase, which demonstrates Patrick Industries' ability to maintain stable revenue growth despite a complex market environment, highlighting its competitive position in the industry.
- Performance Beat Record: Over the past two years, Patrick Industries has beaten EPS and revenue estimates 88% of the time, and this consistent outperformance not only boosts investor confidence but also provides a positive outlook for future earnings.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen two upward revisions and one downward revision, while revenue estimates have experienced five upward revisions with no downward adjustments, indicating growing analyst confidence in the company's future performance, which could drive stock price increases.
- Earnings Release Schedule: Patrick Industries plans to announce its fourth quarter and full year 2025 financial results before the market opens on February 5, 2026, which is expected to provide investors with key performance data and future outlook.
- Conference Call Details: The company will hold a conference call at 10:00 a.m. Eastern Time on the same day to discuss financial results and other business matters, with Q&A participation limited to institutional investors and analysts, highlighting its focus on professional investors.
- Webcast and Replay: Interested parties can listen to the live webcast of the conference call on Patrick's website, with a replay available afterward, ensuring broad dissemination and transparency of information.
- Company Background: Since its establishment in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, employing over 10,000 people and managing 85 well-known brands, committed to quality and innovation.

- Price Target Increase: Truist analyst Gregory Miller raised the price target for Patrick Industries from $114 to $126 while maintaining a Buy rating, reflecting the company's earnings resilience amid macro headwinds, which is likely to attract more investor interest.
- Strong Sector Performance: Patrick Industries outperformed the recreation sector in 2025, with the analyst noting its impressive performance in adversity, indicating strong competitive positioning that could further enhance market share.
- Growth Opportunities: The company's aftermarket growth potential through RecPro is highlighted, with the analyst suggesting that this expansion will create new revenue streams, likely boosting overall performance.
- Powersports Sector Expansion: Currently, powersports account for 9%-10% of revenue, and the analyst believes that expanding this segment will provide ongoing growth momentum for Patrick Industries, further solidifying its market position.







