Patrick Industries reports Q4 adjusted EPS 84c, consensus 73c

Reports Q4 revenue $924M, consensus $859.6M. “Our resilient Q4 results were driven by our team’s continued execution on both organic and strategic growth initiatives as well as our disciplined operating execution and customer-first focus,” said CEO Andy Nemeth. “We continued to gain new business and expand content, while advancing our full-solutions model and aftermarket platform through strategic acquisitions and ongoing investment in innovation and automation. Our strong balance sheet and consistent cash flow generation enabled us to reinvest in the business, pursue accretive acquisitions, and return capital to shareholders. As we look ahead, we remain focused on the partnership with our customers and delivering the most innovative, cost-effective solutions, leveraging our operating model, reinvesting our cash flows back into the business, and continued investment in the capabilities and people that differentiate Patrick and support our sustainable, long-term profitable growth.”