Associated tags: CNC, United, Transport, Adhesive, Electronics, FRP, Fascia, Housing, St Patrick's Industrial School, Upton, Interest, Outdoor
Locations: ARIZONA, MA, INDIANA, PATRICK
Retrieved on:
Thursday, October 10, 2019
Patrick Industries also expects to host a conference call on Thursday, October 24, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
Key Points:
- Patrick Industries also expects to host a conference call on Thursday, October 24, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
- Participants on the call will be Todd Cleveland - Chairman and Chief Executive Officer, Andy Nemeth - President, and Josh Boone - Chief Financial Officer.
- Participation in the question-and-answer session of the call will be limited to institutional investors and analysts.
- Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investor Relations."
Net sales for the second quarter of 2019 increased $8.3 million, or 1%, to $613.2 million from $604.9 million in the same quarter of 2018.
Key Points:
- Net sales for the second quarter of 2019 increased $8.3 million, or 1%, to $613.2 million from $604.9 million in the same quarter of 2018.
- New housing starts in the second quarter of 2019 were down slightly compared to the prior year.
- For the second quarter of 2019, Patrick reported operating income of $45.2 million, a decrease of 15%, or $7.9 million, from $53.1 million reported in the second quarter of 2018.
- Net income in the second quarter of 2019 was $27.4 million compared to $34.9 million in the second quarter of 2018, and net income per diluted share was $1.18 and $1.42 for the second quarter of 2019 and 2018, respectively.
Patrick Industries also expects to host a conference call on Thursday, July 25, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
Key Points:
- Patrick Industries also expects to host a conference call on Thursday, July 25, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
- Participants on the call will be Todd Cleveland - Chairman and Chief Executive Officer, Andy Nemeth - President, and Josh Boone - Chief Financial Officer.
- Participation in the question-and-answer session of the call will be limited to institutional investors and analysts.
- Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investor Relations."
Net sales for the first quarter of 2019 increased $56.4 million, or 10%, to $608.2 million from $551.8 million in the same quarter of 2018.
Key Points:
- Net sales for the first quarter of 2019 increased $56.4 million, or 10%, to $608.2 million from $551.8 million in the same quarter of 2018.
- Revenues from the marine industry, which represented 15% of first quarter 2019 sales, increased 99% over the first quarter of 2018, while estimated marine powerboat retail shipments decreased by approximately 7%.
- New housing starts in the first quarter of 2019 declined 10% compared to the prior year.
- For the first quarter of 2019, Patrick reported operating income of $35.8 million, a decrease of 14%, or $6.0 million, from $41.8 million reported in the first quarter of 2018.
Patrick Industries also expects to host a conference call on Thursday, April 25, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
Key Points:
- Patrick Industries also expects to host a conference call on Thursday, April 25, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
- Participants on the call will be Todd Cleveland - Chairman and Chief Executive Officer, Andy Nemeth - President, and Josh Boone - Chief Financial Officer.
- Participation in the question-and-answer session of the call will be limited to institutional investors and analysts.
- Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investor Relations."
Ms. Klyn has served in her current role since 2016 and has held various leadership positions in marketing and engineering within Whirlpool since 1993.
Key Points:
- Ms. Klyn has served in her current role since 2016 and has held various leadership positions in marketing and engineering within Whirlpool since 1993.
- Mr. Mayes, 45, is the Vice President of WME/IMG, a strategic advisory firm to the sports and entertainment industry.
- Prior to that, Mr. Suggs was the Global Executive Vice President of Americas Operations at Belden, Inc. from 2009 to 2013.
- The Company does not undertake to publicly update or revise any forward-looking statements except as required by law.
Retrieved on:
Thursday, February 14, 2019
Revenues from the marine industry, which represented 15% of fourth quarter 2018 sales, increased 121% over the fourth quarter of 2017, while marine powerboat retail shipments declined approximately 7%.
Key Points:
- Revenues from the marine industry, which represented 15% of fourth quarter 2018 sales, increased 121% over the fourth quarter of 2017, while marine powerboat retail shipments declined approximately 7%.
- Revenues from the MH industry, representing 14% of fourth quarter 2018 sales, increased 26% compared to the prior year, while MH wholesale unit shipments declined approximately9% from the fourth quarter of 2017.
- For the fourth quarter of 2018, Patrick reported operating income of $38.9 million, an increase of 14% or $4.8 million, from $34.1 million reported in the fourth quarter of 2017.
- Net income in the fourth quarter of 2018 was $27.0 million compared to $29.0 million in the fourth quarter of 2017, and net income per diluted share was $1.15 and $1.16 for the fourth quarter of 2018 and 2017, respectively.
Retrieved on:
Thursday, January 31, 2019
Patrick Industries also expects to host a conference call on Thursday, February 14, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
Key Points:
- Patrick Industries also expects to host a conference call on Thursday, February 14, 2019 at 10:00 a.m. Eastern Time to discuss results and other business matters.
- Participants on the call will be Todd Cleveland - Chairman and Chief Executive Officer, Andy Nemeth - President, and Josh Boone - Chief Financial Officer.
- Participation in the question-and-answer session of the call will be limited to institutional investors and analysts.
- Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investor Relations."
Retrieved on:
Thursday, October 25, 2018
Net sales for the third quarter of 2018 increased $167.6 million or 41%, to $575.1 million from $407.5 million in the same quarter of 2017.
Key Points:
- Net sales for the third quarter of 2018 increased $167.6 million or 41%, to $575.1 million from $407.5 million in the same quarter of 2017.
- New housing starts increased approximately 4% in the third quarter of 2018 compared to the prior year.
- For the third quarter of 2018, Patrick reported operating income of $44.7 million, an increase of 48% or $14.5 million, from $30.2 million reported in the third quarter of 2017.
- Net income in the third quarter of 2018 increased 56% to $27.9 million from $17.9 million in the third quarter of 2017, and net income per diluted share increased 60% to $1.15 from $0.72.
Retrieved on:
Thursday, October 11, 2018
Patrick Industries also expects to host a conference call on Thursday, October 25, 2018 at 10:00 a.m. Eastern Time to discuss results and other business matters.
Key Points:
- Patrick Industries also expects to host a conference call on Thursday, October 25, 2018 at 10:00 a.m. Eastern Time to discuss results and other business matters.
- Participants on the call will be Todd Cleveland - Chairman and Chief Executive Officer, Andy Nemeth - President, and Josh Boone - Chief Financial Officer.
- Participation in the question-and-answer session of the call will be limited to institutional investors and analysts.
- Interested parties are invited to listen to a live webcast of the call on Patrick's website at www.patrickind.com under "Investor Relations."
