Patrick Industries (PATK) Tops Q2 EPS by $1.12
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Patrick Industries, Inc. Reports Second Quarter 2022 Financial Results
July 28, 2022 8:00 AM EDTSecond Quarter 2022 Highlights (compared to Second Quarter 2021 unless otherwise noted)
Net sales of $1.5 billion increased 45%, reflecting contributions from all end markets and from 2021 and 2022 acquisitionsGross profit of $327 million increased 60%Gross margin of 22.2% increased 220 basis pointsOperating income of $174 million increased 83%Operating margin of 11.8% increased 250 basis pointsNet income of $117 million increased 98%Diluted earnings per share of $4.79 increased 90%, and includes a reduction for the impact of the accounting treatment for convertible notes and purchase accounting inventory step-up adjustments totaling $0.52 per shareOperating cash flows of $97 million increased 242%Acquired... More