Patrick Industries Reports Third-Quarter Revenue of $975.28 Million, EPS of $0.64
Third-quarter sales were essentially flat year over year and net income declined. Lower RV and manufactured housing sales were offset by growth in powersports, marine and industrial markets; higher SG&A, including merger-related and restructuring costs, weighed on earnings.
Patrick Industries’ third-quarter sales were essentially flat year over year, while net income declined. Lower RV and manufactured housing sales were offset by growth in powersports, marine and industrial markets; higher SG&A, including merger-related and restructuring costs, weighed on earnings.Fi…