Patrick Industries Shares Rise After Q1 Adjusted Earnings Fall, Revenue Rises

MT Newswires Live
05/01

Patrick Industries' (PATK) shares were up nearly 3% in recent Thursday trading after the company reported Q1 adjusted earnings of $1.11 per diluted share, down from $1.19 a year earlier.

Analysts surveyed by FactSet expected $0.96.

Net sales for the quarter ended March 30 were $1 billion, up from $933.5 million a year earlier.

Analysts polled by FactSet expected $960.8 million.

Price: 79.30, Change: +2.32, Percent Change: +3.01

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