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Patrick Industries: 1Q Earnings Snapshot

ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported first-quarter earnings of $20.8 million.

The Elkhart, Indiana-based company said it had net income of 90 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The building products manufacturer posted revenue of $608.2 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $602 million.

Patrick Industries shares have increased 87 percent since the beginning of the year. The stock has climbed 5.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PATK at https://www.zacks.com/ap/PATK