Patrick Industries reports Q2 adjusted EPS $1.50, consensus $1.43

Reports Q2 revenue $1.05B, consensus $1.03B. “Our performance and results, which included net sales and adjusted EPS2 growth, reflect our team’s disciplined execution in what remains a very dynamic business environment,” said CEO Andy Nemeth. “We continued to focus heavily in the quarter on expanding our innovative solutions-based offerings and capabilities through our prototyping and Advanced Product Group, along with our investments in the aftermarket through RecPro. Our strong cash flows, solid balance sheet with ample liquidity, and flexible operating model strategically position us to be scalable to quickly pivot and accelerate growth when the retail market inflection occurs while continuing to pursue accretive acquisitions that align with our long-term objectives.”