Patrick Industries, Inc. of Elkhart, Indiana reports net sales for the first quarter of 2012 rose 47.8 percent over Q1 2011, to $102.7 million, reflecting a 36 percent increase from MH revenue and 57 percent rise from RV revenue. The company reports net income for Q1 2012 of five million, an increase of $6.2 million over the net loss in the first quarter 2011 of minus $1.2 million. MarketWatch tells MHProNews.com Patrick also prepaid ten percent of a secured note, $770,000, due in 2016. Patrick Industries manufactures and distributes building and component products for the RV, MH, and industrial markets.
(Image credit: Patrick Industries, Inc.)