secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000076605-25-000117
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries Q1 revenue +7% to $1.0B; EPS $1.11 vs $1.06; RV/Housing up 14%/7%
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- Net sales $1.0B (+7% YoY); RV revenue +14% to $479M, Housing +7% to $295M, Marine -4% to $149M, Powersports -2% to $81M.
- Net income $38M (+9%); diluted EPS $1.11 (incl. $0.05 dilution from convertible notes) vs $1.06; adjusted EPS $1.11 vs $1.19.
- Operating margin 6.5% (+10 bps); adjusted operating margin 6.5% vs 7.0% in prior year.
- Free cash flow trailing 12 months $251M; repurchased ~100k shares for $8.5M; total net leverage 2.7x; liquidity $745M.
- Management highlights tariff uncertainty but says Q1 results in line with plan; no specific guidance change.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000117/0000076605-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660525000117/patk-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000076605-25-000117

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