Patrick Industries, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=93682&p=irol-irhome
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Source: Yahoo! Finance
Net sales increased 4% to $933 million driven by a 15% increase in RV revenue, a 5% increase in housing revenue, and acquisitions, which together more than offset lower marine revenue. As previously announced, Patrick completed the acquisition of Sportech, LLC, a supplier of high-value component solutions to the powersports industry on January 24th , representing the Company's largest acquisition to date. Operating margin increased 20 basis points to 6.4%. Excluding acquisition transaction costs and purchase accounting adjustments in both periods, adjusted operating margin increased 70 basis points year-over-year. Net income increased 16% to $35 million compared to $30 million in the first quarter of 2023. Diluted earnings per share of increased 18% compared to for the first quarter of 2023. Excluding acquisition transaction costs and purchase accounting adjustments in both periods, adjusted diluted earnings per share increased 31% to Adjusted EBITDA increased 14% to $111 m
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PATK
News
- Patrick Industries First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. (NASDAQ: PATK) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $126.00 price target on the stock, up previously from $120.00.MarketBeat
- Patrick Industries, Inc. (NASDAQ:PATK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Patrick Industries: An Acquisitions Masterclass For Long-Term Growth [Seeking Alpha]Seeking Alpha
- Patrick Industries, Inc. (NASDAQ: PATK) had its price target raised by analysts at BMO Capital Markets from $120.00 to $125.00. They now have an "outperform" rating on the stock.MarketBeat
PATK
Earnings
- 5/2/24 - Beat
PATK
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/2/24 - Form 8-K
- PATK's page on the SEC website