Patrick Industries: 2Q Earnings Snapshot
ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported second-quarter net income of $27.4 million.
On a per-share basis, the Elkhart, Indiana-based company said it had profit of $1.18.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The building products manufacturer posted revenue of $613.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $611.6 million.
Patrick Industries shares have increased 55% since the beginning of the year. The stock has declined 21% in the last 12 months.