U.S. Markets open in 8 hrs 10 mins

Patrick Industries: 2Q Earnings Snapshot

ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported second-quarter profit of $34.9 million.

The Elkhart, Indiana-based company said it had profit of $1.42 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The building products manufacturer posted revenue of $604.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $555.8 million.

Patrick Industries shares have fallen 19 percent since the beginning of the year. The stock has increased 15 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