Jeffrey Rodino on market outlook
From Jeff Rodino of Patrick Industries on Corporate Realignment, State of Market · · RVBusiness Magazine
“From the RV standpoint, we're still waiting to see how retail shakes out. We believe inventories are in line at dealers and OEMs have done a fantastic job managing production levels with demand. Interest rates and inflation remain big components affecting retail demand, causing pain on the payment side and dealer floor planning, but we are well positioned with a capital structure that allows us to flex up and down with customer demand.”
On , Jeffrey Rodino, President of RV at PATRICK INDUSTRIES INC, spoke about market outlook during Jeff Rodino of Patrick Industries on Corporate Realignment, State of Market on RVBusiness Magazine.
About Jeffrey Rodino
Jeff Rodino, president of RV at Patrick Industries, discussed the company's performance and market outlook in a September 2024 interview. He described the prior year as "a pretty tough year" for the markets Patrick serves, but expressed pride in how the team responded by consolidating operations and managing costs. Rodino stated that an upturn in the RV market is "far more likely in the second half of 2024 than the first half," citing potential changes in the interest rate environment. He noted that the company has positioned itself to "flex up" production when demand returns, and said he sees "nowhere but upward potential in all the markets we serve moving forward." Rodino also outlined a recent realignment of senior management, explaining that he continues to focus on the RV market while colleagues Kip Alis and Rick Ranger oversee power sports/housing and marine, respectively. He attributed the company's flexibility to consolidation efforts and investments in innovation, automation, and AI in its plants. In a 2022 interview, Rodino had reported record financial results—Q4 net sales of $1.1 billion (a 49% year-over-year increase) and full-year net sales of $4.1 billion (a 64% increase)—and described the company's strategy of disciplined acquisitions, having completed 85 to 90 acquisitions since 2009.
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