Product Pipeline
February 26, 2025
Elkhart, Indiana, is the center of the RV manufacturing universe. It’s also home to marine manufacturers and boatbuilders.
Elkhart, Indiana, is the center of the RV manufacturing universe. It’s also home to marine manufacturers and boatbuilders.
The company hosted an investors’ day this week that included the presentation of several key points, from revenue growth to acquisitions.
Offset by overall gains, the decline was largely due to a 27% decrease in estimated wholesale powerboat shipments.
A 15% increase in RV revenue and a 5% increase in housing revenue offset declines in the marine segment for the first quarter.
Andy Roeder, who previously was CFO at Bennington and Polaris, is also executive vice president of finance and treasurer.
The OEM supplier had a 24% year-over-year reduction in net sales due primarily to a reduction in wholesale unit shipments and lower consumer pricing.
Net sales of $921 million reflected a reduction in RV wholesale unit shipments and an 8% drop in marine revenue.
The Indiana-based trucking company will be rebranded Patrick Marine Transport, strengthening Patrick’s logistics and transportation services.
The components company reported a 33% decrease in net sales and 73% decline in net income, but marine was up 25%.
Jake Petkovich has served as CFO since 2020, and senior vice president of finance Matthew Filer is taking over on an interim basis.
Elkhart, Indiana, is the center of the RV manufacturing universe. It’s also home to marine manufacturers and boatbuilders.
The company hosted an investors’ day this week that included the presentation of several key points, from revenue growth to acquisitions.
Offset by overall gains, the decline was largely due to a 27% decrease in estimated wholesale powerboat shipments.
A 15% increase in RV revenue and a 5% increase in housing revenue offset declines in the marine segment for the first quarter.
Andy Roeder, who previously was CFO at Bennington and Polaris, is also executive vice president of finance and treasurer.
The OEM supplier had a 24% year-over-year reduction in net sales due primarily to a reduction in wholesale unit shipments and lower consumer pricing.
Net sales of $921 million reflected a reduction in RV wholesale unit shipments and an 8% drop in marine revenue.
The Indiana-based trucking company will be rebranded Patrick Marine Transport, strengthening Patrick’s logistics and transportation services.
The components company reported a 33% decrease in net sales and 73% decline in net income, but marine was up 25%.
Jake Petkovich has served as CFO since 2020, and senior vice president of finance Matthew Filer is taking over on an interim basis.
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