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PATK
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194 days

Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend

1. PATK's net sales rose 8% in Q4, boosting overall performance. 2. Acquisitions and strong Housing/RV markets contributed to revenue growth.

Earnings
-2.91%Current Return
VS
-0.52%S&P 500
$97.6902/06 08:03 AM EDTEvent Start
$94.8502/07 02:41 PM EDTLatest Updated
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FAQ

Why Bullish?

The positive sales increase indicates strong demand, similar to past revenue boosts post-acquisition for PATK.

How important is it?

The article details important sales growth metrics significant for investor confidence in PATK's operations.

Why Long Term?

Sustained revenue growth suggests potential long-term stability for PATK's market position.

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PATK
Fourth Quarter and Full Year 2024 Highlights (compared to Fourth Quarter and Full Year 2023 unless otherwise noted) Net sales for the fourth quarter and full year increased 8% to $846 million and 7% to $3.7 billion, respectively, reflecting the contribution of acquisitions, and higher revenue from our Housing and RV end markets. Operating margin for the fourth quarter and full year was 4.7% and 6.9%, respectively.

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