Patrick Industries: Q1 Earnings Snapshot : vimarsana.com

Patrick Industries: Q1 Earnings Snapshot


Patrick Industries: Q1 Earnings Snapshot
April 29, 2021
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ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported first-quarter profit of $47.5 million.
On a per-share basis, the Elkhart, Indiana-based company said it had net income of $2.04. Earnings, adjusted for non-recurring gains, were $1.80 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The building products manufacturer posted revenue of $850.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $729.4 million.
Patrick Industries shares have climbed 42% since the beginning of the year. The stock has more than doubled in the last 12 months.

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