Patrick Industries Q4 net income falls 52% to $15M; revenue $846M (+8%)

PATRICK INDUSTRIES INC

2024-FY EPS reported $4.11 revenue$3,715,683,000

Q4 net sales $846M (+8% YoY); RV revenue up 1%, Marine down 17%, Housing up 12%.
Q4 net income $15M ($0.42 diluted EPS) vs $31M ($0.94) last year; adjusted EPS $0.52.
Full year net sales $3.7B (+7%); adjusted EBITDA $452M (+6%); free cash flow $251M.
Issued $500M 6.375% Senior Notes due 2032; redeemed $300M 7.50% notes due 2027.
Quarterly dividend $0.40/share declared, payable March 3, 2025 to holders of record Feb 18.

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