secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K/A
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000076605-24-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/0000076605-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000048/patk-20240205.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000048

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