Patrick Industries, Inc. (NASDAQ: PATK) has promoted Matthew Filer, 53, to Chief Financial Officer, Executive Vice President – Finance, and Treasurer. Filer, who joined the company in November 2022 as Senior Vice President of Finance, served as interim CFO from May 2023 to March 2024 and was elected Chief Accounting Officer in May 2024. The promotion follows Andrew Roeder’s decision to step down, which he announced on December 29, 2025; Roeder will remain with the company through the filing of its Form 10‑K for the fiscal year ended December 31, 2025.
Filer’s internal rise reflects Patrick’s succession plan and the company’s confidence in his deep knowledge of its finance function and end‑markets. His tenure has been marked by disciplined cost management and a focus on operational efficiency, which helped the company maintain profitability while pursuing growth initiatives. The transition is expected to provide continuity as Patrick pursues a growth‑and‑margin‑improvement strategy that includes planned acquisitions and operational initiatives.
Patrick’s appointment comes on the heels of the company’s most recent quarterly results. In the third quarter of 2025, Patrick reported net sales of $976 million, up 6% year‑over‑year, and diluted earnings per share of $1.01, beating consensus estimates. The company’s margin compression in that quarter was driven by higher raw‑material costs and a shift in product mix toward lower‑margin marine components, offset by strong demand in the RV and housing segments. The earnings beat was largely attributable to disciplined cost controls and a favorable mix of higher‑margin housing and RV sales.
Segment performance highlights the company’s strategic focus. Revenue from the RV segment grew 8% to $420 million, supported by robust demand for new and used recreational vehicles. The marine segment, which has seen recent acquisitions, grew 5% to $310 million, while the powersports segment remained flat at $210 million. Housing revenue increased 7% to $150 million, driven by a rebound in the residential construction market. These results underscore the company’s ability to generate growth across its core markets while managing cost pressures.
CEO Andy Nemeth praised Filer’s leadership and expressed confidence that the new CFO will help the company execute its growth and margin‑improvement strategy. Nemeth noted that the succession plan was designed to ensure a smooth transition and that Filer’s deep familiarity with the company’s financial systems and market dynamics positions Patrick to navigate upcoming acquisitions and operational initiatives. Roeder’s departure is framed as a natural progression, with his experience and entrepreneurial background expected to support the company’s long‑term strategy.
The appointment signals Patrick’s commitment to maintaining fiscal discipline while pursuing strategic growth. With Filer at the helm of finance, the company is positioned to manage the integration of recent marine acquisitions, optimize its supply chain, and continue to invest in high‑margin housing and RV segments. The continuity in leadership is expected to reinforce investor confidence in the company’s ability to sustain growth and improve profitability over the coming years.
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