---
schema_version: "secwatch.filing_event.v1"
accession: "0000076605-23-000045"
form_type: "8-K"
ticker: "PATK"
cik: "0000076605"
company_name: "PATRICK INDUSTRIES INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:09:53.288328+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Patrick Industries Q4 net sales down 17% to $952M; full year record $4.9B; dividend raised 36% to $0.45

## Summary
- Q4 net sales $952M (-17% YoY); net income $40M (-34%); diluted EPS $1.68 (-36%).
- Full year net sales $4.9B (+20%); net income $328M (+46%); adjusted EBITDA $643M (+34%).
- RV revenue down 39% amid 47% wholesale unit decline; marine revenue up 35% supporting diversification.
- Quarterly cash dividend declared $0.45 per share (36% increase), payable March 6, 2023.
- Q4 operating cash flow $182M (+74%); repurchased $28M shares in Q4; share repurchase authorization increased to $100M.

## SEC filing metadata
- accession: 0000076605-23-000045
- form_type: 8-K
- ticker: PATK
- cik: 0000076605
- company_name: PATRICK INDUSTRIES INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/0000076605-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/patk-20230206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000076605-23-000045
- JSON: https://secwatch.observer/filing/0000076605-23-000045.json
- Plain text: https://secwatch.observer/filing/0000076605-23-000045.txt

## Key facts
- Earnings Releases
  PATRICK INDUSTRIES INC reported the full year ended December 31, 2022 results: revenue $4.9 billion, net income $328 million, EPS $13.49.
  - Period: the full year ended December 31, 2022
  - Revenue: $4.9 billion
  - Net income: $328 million
  - EPS: $13.49
  - Result: reported results
  source text: million • Release of inaugural Responsibility & Sustainability Report in December Full Year 2022 Highlights (compared to Full Year 2021 unless otherwise noted) • Net sales of $4.9 billion increased 20% • Gross margin of 21.7% increased 210 basis points • Operating income of $496 million increased 41% • Operating margin of 10.2% increased 160 basis points • Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/0000076605-23-000045-index.htm
- Earnings Releases
  PATRICK INDUSTRIES INC reported the fourth quarter ended December 31, 2022 results: revenue $952 million, net income $40 million, EPS $1.68.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $952 million
  - Net income: $40 million
  - EPS: $1.68
  - Result: reported results
  source text: FULL YEAR 2022 FINANCIAL RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND Fourth Quarter 2022 Highlights (compared to Fourth Quarter 2021 unless otherwise noted) • Net sales of $952 million decreased 17%, with increased marine and manufactured housing revenue partially offsetting a 47% wholesale unit shipment decline in the RV end market • Gross margin of 21.1%
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/0000076605-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.