secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0000076605-25-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000037/0000076605-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000037/patk-20250206.htm
  HTML page:      https://secwatch.observer/filing/0000076605-25-000037

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