secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000076605-23-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/0000076605-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000045/patk-20230206.htm
  HTML page:      https://secwatch.observer/filing/0000076605-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer