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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 WZ/9RvWhGG/rJmQRyTLM+Q==

<SEC-DOCUMENT>0000914760-03-000134.txt : 20030722
<SEC-HEADER>0000914760-03-000134.hdr.sgml : 20030722
<ACCEPTANCE-DATETIME>20030722105441
ACCESSION NUMBER:		0000914760-03-000134
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030717
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PATRICK INDUSTRIES INC
		CENTRAL INDEX KEY:			0000076605
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS PRODUCTS, NEC [3089]
		IRS NUMBER:				351057796
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03922
		FILM NUMBER:		03795710

	BUSINESS ADDRESS:	
		STREET 1:		1800 S 14TH ST
		STREET 2:		P O BOX 638
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46515
		BUSINESS PHONE:		2192947511

	MAIL ADDRESS:	
		STREET 1:		1800 SOUTH 14TH STREET PO BOX 638
		STREET 2:		1800 SOUTH 14TH STREET PO BOX 638
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46515
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>p02534_8k.txt
<DESCRIPTION>JULY 18, 2003
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            ------------------------

                                    FORM 8-K


                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



         Date of report (Date of earliest event reported)    JULY 17, 2003
                                                         -----------------------



                            PATRICK INDUSTRIES, INC.
           -----------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          INDIANA                    0-3922                     35-1057796
- ----------------------------    -----------------         ----------------------
(State or other jurisdiction      (Commission                  (IRS Employer
     of incorporation)            File Number)            Identification Number)


  1800 SOUTH 14TH STREET, P.O. BOX 638, ELKHART, INDIANA                46515
- ---------------------------------------------------------------       ----------
        (Address of Principal Executive Offices)                      (Zip Code)

        Registrant's Telephone Number, including area code    (574) 294-7511
                                                          ----------------------


                                 NOT APPLICABLE
   --------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits:

                  Exhibit Number    Description
                  --------------    -----------

                       99.1         Press Release dated July 17, 2003 announcing
                                    second quarter 2003 and six-months results.

ITEM 9.  REGULATION FD DISCLOSURE

                  The following information is furnished pursuant to Item 9,
"Regulation FD Disclosure" and Item 12, "Disclosure of Results of Operations and
Financial Condition."

                  On July 17, 2003, Patrick Industries, Inc. issued a press
release setting forth Patrick Industries, Inc.'s second quarter 2003 and
six-months results. A copy of the press release is filed herewith as Exhibit
99.1 and hereby incorporated by reference.

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                    PATRICK INDUSTRIES, INC.
                                               ---------------------------------
                                                        (Registrant)




DATE JULY 18, 2003                             BY   /S/ Andy L. Nemeth
     ----------------                             ------------------------------
                                                        Andy L. Nemeth
                                                        Vice President - Finance






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>p02534_8kx99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                  NEWS RELEASE

JULY 17, 2003

FOR IMMEDIATE RELEASE

CONTACT:  ANDY L. NEMETH

                            PATRICK INDUSTRIES, INC.

                  REPORTS SECOND QUARTER AND SIX-MONTHS RESULTS

                  Elkhart, Indiana - - - - - David D. Lung, President and Chief
Executive Officer, today announced that net sales for the 2003 second quarter
were $70,950,000, or 14% less than the $82,567,000 reported for the same period
in 2002. Year to date sales were $138,235,000, or 12% less than the 2002 year to
date sales of $157,810,000. The Company reported net income of $25,000 for the
2003 second quarter, or $.01 per share, compared to income of $636,000, or $.14
per share, in the second quarter of 2002. For the six months ended June 30,
2003, the Company had a net loss of $875,000, or $.19 per share, compared to net
income in 2002 of $906,000, or $.20 per share. The Manufactured Housing
Industry, which represents approximately 40% of the Company's 2003 sales,
continued to show negative results as shipments through May were approximately
27% less than the previous year. The Recreational Vehicle Industry, which
represents approximately 32% of the Company's 2003 sales, finished the month of
May, 2003 at shipment levels approximately 2% ahead of the levels attained in
2002. The Company continued to show increased sales to its Industrial and Other
customer market, which represents approximately 28% of the 2003 sales.

                  Mr. Lung said "the significant decline in shipment levels in
the Manufactured Housing Industry over the past four years have resulted in
extremely competitive market conditions. While our margins are down from the
2002 figures, we have seen margin improvement from where we were at in the first
quarter. We are continuing to focus on strategic growth opportunities both at
the sales and profitability levels as well as core business strategic planning,
diversification efforts, new product introductions, and keeping our costs
aligned with revenues. Our balance sheet remains very strong and we feel that
the Company is well positioned to take advantage of any upturn in the market as
well as capitalize on our strategic planning activities."

                  Patrick Industries is a major component products manufacturer
and supplier of building products serving the Manufactured Housing, Recreational
Vehicle, Furniture, Marine, Architectural, and Automotive markets and operates
coast to coast in 13 states.

                                      # # #

<PAGE>

<TABLE>
                                                        PATRICK INDUSTRIES, INC.
                                                     UNAUDITED FINANCIAL HIGHLIGHTS

<CAPTION>
     INCOME STATEMENT
     ----------------
                                              THREE MONTHS ENDED              SIX MONTHS ENDED
                                                   JUNE 30                          JUNE 30
                                           2003            2002            2003             2002
                                           ----            ----            ----             ----

<S>                                   <C>             <C>             <C>              <C>
Net sales                             $  70,950,000   $  82,567,000   $ 138,235,000    $ 157,810,000
Cost of goods sold                       62,388,000      71,712,000     122,602,000      137,219,000
Warehouse and delivery expenses           3,196,000       3,634,000       6,390,000        7,059,000
Selling, general, and
  administrative expenses                 5,134,000       5,612,000      10,305,000       11,242,000
Restructuring charges                         - - -         269,000           - - -          269,000
Interest expense, net                       190,000         280,000         384,000          511,000
                                      -------------   -------------    -------------   -------------
  Income (loss) before income taxes          42,000       1,060,000      (1,446,000)       1,510,000
Income taxes (credit)                        17,000         424,000        (571,000)         604,000
                                      -------------   -------------    -------------   -------------

    NET INCOME (LOSS)                 $      25,000   $     636,000   $    (875,000)   $     906,000
                                      =============   =============    =============   =============

EARNINGS (LOSS) PER COMMON SHARE      $         .01   $         .14   $        (.19)  $         .20
                                      =============   =============    =============   =============

Weighted average shares outstanding       4,590,327       4,544,015       4,587,311        4,536,932

</TABLE>



     BALANCE SHEET
     -------------
                                                             JUNE 30
                                                     2003           2002
                                                     ----           ----

CURRENT ASSETS
  Cash and temporary investments                 $  4,658,000   $  5,295,000
  Trade receivables, net                           19,176,000     22,775,000
  Inventories                                      30,390,000     31,601,000
  Income taxes receivable                             285,000         10,000
  Prepaid expenses                                    763,000        419,000
  Deferred tax assets                               1,981,000      2,170,000
                                                 ------------   ------------
    Total current assets                           57,253,000     62,270,000
                                                 ------------   ------------

PROPERTY AND EQUIPMENT, NET                        31,014,000     34,300,000
                                                 ------------   ------------

DEFERRED ASSETS                                         - - -        312,000
                                                 ------------   ------------

INTANGIBLE AND OTHER ASSETS                         2,675,000      3,129,000
                                                 ------------   ------------


    TOTAL ASSETS                                 $ 90,942,000   $100,011,000
                                                 ============   ============


CURRENT LIABILITIES
  Current maturities of long-term debt           $  3,671,000   $  3,671,000
  Accounts payable and accrued liabilities         15,223,000     17,977,000
  Income taxes payable                                  - - -        641,000
                                                 ------------   ------------
    Total current liabilities                      18,894,000     22,289,000
                                                 ------------   ------------

LONG-TERM DEBT, LESS CURRENT MATURITIES            11,443,000     15,114,000
                                                 ------------   ------------

DEFERRED LIABILITIES                                2,305,000      2,331,000
                                                 ------------   ------------

SHAREHOLDERS' EQUITY                               58,300,000     60,277,000
                                                 ------------   ------------

    TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $ 90,942,000   $100,011,000
                                                 ============   ============



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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