Patrick Industries reports Q3 EPS $1.01 with items, consensus 93c

Q3 EPS includes approximately $0.07 of dilution from the Company’s convertible notes and related warrants. Reports Q3 revenue $976M, consensus $896.76M. “Our team’s continued focus on customer service and partnership, innovation, and new product development over the past 18 months resulted in market share gains across our portfolio,” said CEO Andy Nemeth. “Our OEM partners are looking for creative, differentiated product offerings while continuing to demonstrate production discipline with lean channel inventories. Several new innovations and concepts introduced by our Advanced Product Group are starting to take hold as we look to further gain traction as an industry leader in full component solutions.”