Patrick Industries reports Q2 EPS $2.16, consensus $2.06

Reports Q2 revenue $1.02B, consensus $975.62M. “Our solid revenue and operating margin improvement in the second quarter reflect the strategic diversification investments we have made over the last several years as well as our cost management initiatives and capital expenditures related to automation projects,” said Andy Nemeth, CEO. “I am proud of how hard the Patrick team worked in the first half of the year to leverage our variable cost structure and execute operational efficiencies during a time when market and macroeconomic conditions have been so volatile.”