Patrick Industries: Fourth Quarter Earnings Overview

Patrick Industries Reports Strong Fourth-Quarter Results

Patrick Industries Inc., headquartered in Elkhart, Indiana, announced its financial results for the fourth quarter, revealing a net income of $29.1 million.

The company earned 83 cents per share during the quarter, or 84 cents per share after adjusting for one-time expenses.

These earnings surpassed analysts’ predictions, as a consensus of four analysts polled by Zacks Investment Research had anticipated earnings of 74 cents per share.

Patrick Industries, a manufacturer of building products, also reported quarterly revenue of $924.2 million, exceeding the $867.5 million forecasted by analysts surveyed by Zacks.

For the full year, the company achieved a profit of $135.1 million, translating to $3.90 per share, with total revenue reaching $3.95 billion.

Financial data sourced from Zacks Investment Research and compiled by Automated Insights.