Patrick Industries Shows Gains

MH and RV component supplier Patrick Industries, Inc. (PATK) says third quarter 2012 net sales were up 45.9 percent to $112.9 million from $77.4 million in Q3 2011, a 13 percent increase of which was in the manufactured housing division. As sacbee tells MHProNews, net income from the third quarter of 2011 rose from $4.5 million to $6.6 million Q3 2012. For the nine months ending Sept. 30, 2012, net sales rose 44.3 percent over the comparable period last year, from $229.5 million to $331.2 million. Net income for the first nine months of this year amounted to $24.9 million, $2.32 per diluted share, as compared to 2011’s $7 million net income and $0.68 per diluted share for the Elkhart, Ind.- based company.

(Image credit: Patrick Industries, Inc.)

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