---
schema_version: "secwatch.filing_event.v1"
accession: "0000076605-24-000048"
form_type: "8-K/A"
ticker: "PATK"
cik: "0000076605"
company_name: "PATRICK INDUSTRIES INC"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T06:05:36.956329+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Patrick Industries Reports Q4 2023 Results: Sales Down 18%, Declares $0.55 Dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0000076605-24-000048
- form_type: 8-K/A
- ticker: PATK
- cik: 0000076605
- company_name: PATRICK INDUSTRIES INC
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/0000076605-24-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/patk-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000076605-24-000048
- JSON: https://secwatch.observer/filing/0000076605-24-000048.json
- Plain text: https://secwatch.observer/filing/0000076605-24-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/0000076605-24-000048-index.htm
- Earnings Releases
  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
  source text: Fourth quarter net sales decreased 18%, to $781 million from $952 million in the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/0000076605-24-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.