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Investor DayLatest Financial Results
$3.7B
Net Sales increased 7% to $3.7 billion
6.9%
Operating margin was 6.9% and adjusted operating margin was 7.2%
$4.11
Diluted EPS was $4.11 and adjusted diluted EPS was $4.34
For complete information regarding our financials and non-GAAP metrics, see our periodic filings
Patrick Industries Historical Performance
Year over year financial information for the years 2020 to 2024 and operational makeup for the year 2024.
Net Sales (1)
| Year | Amount |
|---|---|
| 2020 | - |
| 2021 | 64.0% y/y |
| 2022 | 19.7% y/y |
| 2023 | -29.0% y/y |
| 2024 | 6.7% y/y |
Net Income
| Year | Amount |
|---|---|
| 2020 | - |
| 2021 | 131.7% y/y |
| 2022 | 45.9% y/y |
| 2023 | -56.5% y/y |
| 2024 | -3.4% y/y |
Diluted Net Income Per Common Share
| Year | Amount |
|---|---|
| 2020 | - |
| 2021 | 129.3% y/y |
| 2022 | 40.0% y/y |
| 2023 | -51.8% y/y |
| 2024 | -5.1% y/y |
As of Dec. 31, 2023 • 10-K 2023
1. See Note 3 of the Notes to Consolidated Financial Statements in 2023 10-K for information regarding revenues, operating income and net assets of businesses acquired in fiscal years 2023, 2022, 2021, and 2020.
Building a Strong and Sustainable Future
Our environmental, social, and governance (ESG) initiatives reflect our commitment to sustainability and responsible resource management, as well as our focus on human capital management. Through our many programs, we actively monitor the way we use resources to reduce, reuse, and reclaim valuable byproducts for use in other industries, as well as provide a safe and inclusive work environment to ensure the well-being and success of our Team Members.
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IR Contacts
Company
Patrick Industries, Inc.
107 West Franklin Street
P.O. Box 638
Elkhart, IN 46515
Investor Relations
Steve O’Hara
T: 574-294-7511, ext. 7726
irrequests@patrickind.com
Transfer Agent
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
T: 877-581-5548
https://www.computershare.com/investor