secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000076605-24-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000105/0000076605-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000105/patk-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000105

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