Patrick Industries (PATK) Tops Q4 Revenue Estimates

Note: EPS may not be comparable

Patrick Industries (NASDAQ: PATK) reported Q4 EPS of $1.16, versus $0.73 reported last year. Revenue for the quarter came in at $475.6 million versus the consensus estimate of $415.87 million.

For the fourth quarter of 2017, Patrick reported operating income of $34.1 million, an increase of 54% or $12.0 million, from the $22.1 million reported in the fourth quarter of 2016. Net income in the fourth quarter of 2017 increased 114% to $29.0 million from $13.6 million in the fourth quarter of 2016, and net income per diluted share increased 97% to $1.16 from $0.59. For the fourth quarter of 2017, net income includes the impact of a one-time tax benefit of $7.4 million, or $0.29 per diluted share, due to the recently enacted Tax Cuts and Jobs Act.

For earnings history and earnings-related data on Patrick Industries (PATK) click here.

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