Patrick Industries Q4 net sales down 18% to $781M, EPS $1.41 vs $1.68 YoY; declares $0.55 dividend

PATRICK INDUSTRIES INC

2023-FY EPS reported $6.50 revenue$3,468,045,000

Q4 net sales $781M (-18% YoY); diluted EPS $1.41 vs $1.68; adjusted EBITDA $100M (-8%).
Full year net sales $3.5B (-29%); net income $143M (-56%); adjusted EBITDA $425M (-34%).
RV segment revenue $353M (-14%); Marine $174M (-32%); Housing $254M (-11%).
Board declared quarterly cash dividend $0.55 per share, payable March 4, 2024 to record Feb 20.
Completed $315M acquisition of Sportech in January 2024; repaid $260M debt in 2023.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PATRICK INDUSTRIES INC reported financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 8, 2024, the Company issued a press release announcing operating results for the fourth quarter ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PATRICK INDUSTRIES INC reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 8, 2024, the Company issued a press release announcing operating results for the fourth quarter ended December 31, 2023.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

PATRICK INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000076605-24-000044

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