Patrick Industries Q1 2024 Adj EPS $1.79 Beats $1.32 Estimate, Sales $933M Beat $839.687M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patrick Industries reported Q1 2024 adjusted EPS of $1.79, surpassing the $1.32 estimate, with sales of $933M also beating the $839.687M forecast. This represents a 3.66% increase in sales compared to the same period last year.
May 02, 2024 | 12:01 pm
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Patrick Industries reported a significant beat on both earnings and sales estimates for Q1 2024, with a 3.66% increase in sales year-over-year.
Beating earnings and sales estimates significantly, especially by 35.61% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a notable year-over-year sales increase, is likely to positively influence investor sentiment and stock price in the short term.
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RELEVANCE 100