Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

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Go back to Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2020 Financial Results

Patrick Industries (PATK) Tops Q4 EPS by 20c, Revenues Beat

February 11, 2021 8:09 AM EST

Patrick Industries (NASDAQ: PATK) reported Q4 EPS of $1.64, $0.20 better than the analyst estimate of $1.44. Revenue for the quarter came in at $772.6 million versus the consensus estimate of $699.42 million.

Fourth Quarter 2020 Highlights (all metrics compared to Fourth Quarter 2019 unless otherwise noted)

Net sales of $772.6 million increased 41%, driven by strong demand across all market sectorsOperating income of $62.2 million increased 73%Operating margin of 8.0% increased 150 basis pointsNet income of $37.8 million increased 89%Diluted earnings per share of $1.64... More