secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000076605-23-000155
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries Q3 net sales down 22% to $866M; EPS $1.81 vs $2.43
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- Operating income $71M (-$22M YoY); operating margin 8.2% vs 8.3%.
- Adjusted EBITDA $113M (-14% YoY); margin improved 130 bps to 13.1%.
- RV revenue $400M (-24%); Marine $205M (-24%); Housing $261M (-18%).
- Long-term debt reduced $112M in quarter; total net leverage 2.5x.
- Free cash flow (TTM) $412M, up 64% vs prior-year period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000155/0000076605-23-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660523000155/patk-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000076605-23-000155

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