secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000076605-24-000179
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 Q3 net sales up 6% to $919M; issues $500M notes to refinance higher-cost debt
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- Net sales $919M (+6% YoY); Housing +13%, Marine -21%, RV -1%.
- Net income $41M (+3%), diluted EPS $1.80; adjusted diluted EPS nine months +13% to $5.75.
- Closed RecPro acquisition on Sept 6, expanding RV aftermarket presence.
- Subsequently issued $500M 6.375% Senior Notes due 2032; redeemed $500M 7.5% notes due 2027.
- Amended credit facility to $1.0B, extended maturity to Oct 2029; net leverage 2.6x, liquidity $458M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000179/0000076605-24-000179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660524000179/patk-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000076605-24-000179

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