8-K/A
filed February 8, 2024, 6:59 PM ET
ticker PATK
CIK 0000076605
earnings
confidence high
sentiment neutral
materiality 0.80
Patrick Industries Reports Q4 2023 Results: Sales Down 18%, Declares $0.55 Dividend
PATRICK INDUSTRIES INC
2023-FY EPS reported
$6.50
revenue$3,468,045,000
- Q4 net sales fell 18% to $781M; diluted EPS $1.41 vs $1.68 in prior year.
- Adjusted EBITDA $100M, margin up 140 bps to 12.8%; full-year adjusted EBITDA $425M.
- Declared quarterly cash dividend of $0.55 per share, payable March 4, 2024.
- Completed $315M acquisition of Sportech in Jan 2024; repaid $260M of debt in 2023.
- Full-year free cash flow $350M, up 5%; available liquidity $780M at year-end.
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 the full year ended December 31, 2023 results: revenue $3.5 billion, EPS $6.50.
- Period
- the full year ended December 31, 2023
- Revenue
- $3.5 billion
- EPS
- $6.50
- Result
- reported results
Exact text from the filing
Net sales of $3.5 billion decreased 29% from a record $4.9 billion in 2022, reflecting the impact of a 37% decline in RV wholesale unit shipments during the year
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
PATRICK INDUSTRIES INC reported the fourth quarter ended December 31, 2023 results: revenue $781 million, net income $31 million, EPS $1.41.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $781 million
- Net income
- $31 million
- EPS
- $1.41
- Result
- reported results
Exact text from the filing
Fourth quarter net sales decreased 18%, to $781 million from $952 million in the fourth quarter of 2022.
View on SEC.gov
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