PATRICK INDUSTRIES INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
PATK$79.70-2.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income F-
| Year Ended December 31, | |||
|---|---|---|---|
| ($ in thousands, except per share data) | 2024 | 2023 | 2022 |
| NET SALES | $3,715,683 | $3,468,045 | $4,881,872 |
| Cost of goods sold | 2,879,793 | 2,685,812 | 3,821,934 |
| GROSS PROFIT | 835,890 | 782,233 | 1,059,938 |
| Operating Expenses: | |||
| Warehouse and delivery | 155,821 | 143,921 | 163,026 |
| Selling, general and administrative | 325,754 | 299,418 | 327,513 |
| Amortization of intangible assets | 96,275 | 78,694 | 73,229 |
| Total operating expenses | 577,850 | 522,033 | 563,768 |
| OPERATING INCOME | 258,040 | 260,200 | 496,170 |
| Interest expense, net | 79,470 | 68,942 | 60,760 |
| Income before income taxes | 178,570 | 191,258 | 435,410 |
| Income taxes | 40,169 | 48,361 | 107,214 |
| NET INCOME | $138,401 | $142,897 | $328,196 |
| BASIC EARNINGS PER COMMON SHARE (1) | $4.25 | $4.43 | $9.88 |
| DILUTED EARNINGS PER COMMON SHARE (1) | $4.11 | $4.33 | $8.99 |
| Weighted average shares outstanding - Basic (1) | 32,568 | 32,278 | 33,210 |
| Weighted average shares outstanding - Diluted (1) | 33,699 | 33,038 | 36,707 |
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