Patrick Industries, Inc. Reports Third Quarter and Nine Months 2019 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. SAP
7. CSX
8. LRCX
9. MRK
10. LVS

Go back to Patrick Industries, Inc. Reports Third Quarter and Nine Months 2019 Financial Results

Patrick Industries (PATK) Misses Q3 EPS by 4c, Revenues Miss

October 24, 2019 8:03 AM EDT

Patrick Industries (NASDAQ: PATK) reported Q3 EPS of $0.92, $0.04 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $566.2 million versus the consensus estimate of $576.97 million.

Todd Cleveland, Chairman and Chief Executive Officer, said, "Our financial results in the third quarter were negatively impacted by continued RV dealer inventory rebalancing as dealers position themselves for the upcoming 2020 model selling season. In addition, following weather related softness in marine retail sales in the first half of 2019, we saw inventory recalibration by marine... More