earnings
confidence high
sentiment positive
materiality 0.80
Patrick Industries Q2 net sales up 10% to $1.02B; EPS $2.16, +11%
PATRICK INDUSTRIES INC
2024-Q2 EPS reported
$3.75
revenue$1,950,116,000
- Net sales $1.02B (+10% YoY); RV +17%, Housing +11%, Marine -30%.
- Diluted EPS $2.16 (+11%); net income $48M (+13%).
- Adjusted EBITDA $130M (+14%); margin 12.8% (+40 bps).
- Debt reduced $82M in Q2; net leverage 2.6x; liquidity $519M.
- Matthew S. Filer elected Chief Accounting Officer, effective May 16, 2024.