Patrick Releases Q3 2013 Financials

Patrick Industries, Inc. (NASDAQ:PATK) reports net sales for Q3 2013 increased 29.8 percent over the same quarter 2012, from $112.9 million to $146.6 million. While sales to the manufactured housing (MH) industry rose 16 percent, the sales increase was due primarily to the 35 percent increase in revenues from the recreational vehicle (RV) industry which represented approximately 70 percent of Q3 overall sales. However, third quarter 2013 net income was $5.5 million, $0.51 per diluted share, as compared to income of $6.6 million or $.60 per diluted share in the comparable quarter of 2012. As prnewswire informs MHProNews, Patrick’s major products to the MH and RV industries include decorative vinyl and paper laminated panels, countertops, wrapped profile mouldings, slide out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, interior passage doors, exterior graphics, and slotwall panels and components.

(Image credit: Patrick Industries, Inc.)

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