secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000076605-23-000132
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries Q2 net sales $921M (-38% YoY); EPS $1.94 (-59%) amid 44% RV unit decline
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- Net sales $921M (-38% YoY); diluted EPS $1.94 (-59%) as RV industry unit shipments fell 44%.
- Adjusted EBITDA $114M (-46%); operating margin 8.2% vs 11.8% last year.
- RV revenue $384M (-54%); Marine $268M (-8%); Housing $269M (-23%).
- Content per unit up: RV +6% to $5,051, Marine +15% to $5,330, MH +11% to $6,411.
- Cash from ops $179M (-$82M YoY); inventory down $184M YoY; net leverage 2.6x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000132/0000076605-23-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000132/patk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000076605-23-000132

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