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Patrick To Release Third-Quarter Earnings Feb. 15

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February 2, 2018 by   Leave a Comment

Elkhart, Ind.-based supplier Patrick Industries Inc. will release its fourth quarter and year-end 2017 financial results before the market opens on Feb. 15.

Patrick Industries also expects to host a conference call at 10 a.m. (EST) to discuss results and other business matters.  Participants on the call will be CEO Todd Cleveland, President Andy Nemeth and Josh Boone, chief financial officer.

The company reported a 34% year-over-year increase in sales during its third quarter, increasing to $407.5 million from $304.2 million in the same quarter of 2016. Sales to the RV industry, which represented 67% of third quarter sales, increased 29%. Patrick’s third-quarter net income rose 49% to $17.9 million, or $1.08 per diluted share, from $12.1 million, or 79 cents per share, in the third quarter of 2016.

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