Patrick Industries, Inc. Reports Third Quarter 2021 Financial Results

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Oct 28, 2021

Third Quarter 2021 Highlights (compared to Third Quarter 2020 unless otherwise noted)

- Net sales of $1.1 billion increased 51%, reflecting momentum in all end markets

- Operating income of $93.3 million increased 56%

- Operating margin of 8.8% increased 30 basis points

- Net income of $57.4 million increased 54%

- Diluted earnings per share of $2.45 increased 51%

- Operating cash flows of $68.7 million

- Acquisitions of Coyote Manufacturing and Tumacs Covers

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