Patrick Industries Q1 net sales up 4% to $933M; adjusted EPS $1.79, +31% YoY

PATRICK INDUSTRIES INC

2024-Q1 EPS reported $1.59 revenue$933,492,000

Net sales $933M (+4% YoY); net income $35M (+16%); diluted EPS $1.59 (+18%).
Adjusted diluted EPS $1.79 (+31%); adjusted EBITDA $111M (+14%); operating margin 6.4% (+20 bps).
RV revenue up 15% to $421M; marine down 35% to $155M; housing up 5% to $275M.
Completed Sportech acquisition (largest in history) on Jan 24; net leverage 2.8x.
Cash from ops $35M (vs -$1M); trailing free cash flow $391M (+11%); liquidity $413M.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PATRICK INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $933 million, net income $35 million, EPS $1.59.

Period: first quarter ended March 31, 2024
Revenue: $933 million
Net income: $35 million
EPS: $1.59
Result: reported results

Exact text from the filing

today reported financial results for the first quarter ended March 31, 2024. Net sales increased 4% to $933 million

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Source: SEC EDGAR

accession 0000076605-24-000105

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