Patrick Industries Says Revenue Decreased 38%, Primarily Due To 44% Reduction In Rv Industry Wholesale Unit Shipments
Portfolio Pulse from Benzinga Newsdesk
Patrick Industries reported a 38% decrease in revenue, primarily due to a 44% reduction in RV industry wholesale unit shipments.
July 27, 2023 | 12:07 pm
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Patrick Industries' revenue has decreased by 38%, mainly due to a 44% reduction in RV industry wholesale unit shipments.
Patrick Industries' revenue is heavily dependent on the RV industry. A 44% reduction in RV industry wholesale unit shipments has led to a significant decrease in the company's revenue. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100