secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000076605-24-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000044/0000076605-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000044/patk-20240205.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000044

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