PATK Earnings Prediction
The chart below shows how PATK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PATK sees a -1.83% change in stock price 10 days leading up to the earnings, and a +1.77% change 10 days following the report. On the earnings day itself, the stock moves by +1.15%. This data can give you a slight idea of what to expect for the next quarter's release.
PATK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
846.12M
8.31%
-7.97%
Gross Margin
19.20%
--
-6.11%
Operating Margin
4.68%
--
-42.15%
Net Margin
1.72%
--
-61.26%
EPS
0.42
-70.21%
-65.00%
No Data Available
PATK Earnings Analysis
Patrick Industries Inc Corporation (PATK.O) Earnings Conference Call
Positive
Quarterly and Annual Sales Growth: Sales growth of 8% in Q4 2024, totaling $846 million, and a full year sales increase of 7% to $3.7 billion.
RV Revenue and Shipments Growth: RV revenues increased 1% to $358 million in Q4, with RV wholesale unit shipments up 3% and retail registrations increasing approximately 1%.
Powersports Revenue Surge: Powersports revenue surged 189% to $352 million for the full year, indicating strong market performance and demand.
Housing Revenue Increase: Housing revenues grew 12% to $288 million in Q4, driven by a 15% increase in manufactured housing wholesale unit shipments.
Net Liquidity Overview: Total net liquidity at the end of 2024 was approximately $804 million, providing significant flexibility for strategic opportunities and shareholder returns.
Negative
Earnings Miss Analysis: Patrick Industries, Inc. reported a significant earnings miss with an EPS of $0.52, falling short of expectations of $0.79, indicating a 34% deviation from analyst forecasts.
Marine Revenue Decline: Marine revenue declined sharply by 27% year-over-year to $571 million, reflecting ongoing weakness in the market and a significant drop in wholesale shipments estimated at 25% for the full year.
EBITDA Decline and Margin Pressure: Adjusted EBITDA decreased by 11% to $89 million in Q4, with the adjusted EBITDA margin also declining to 10.6%, highlighting pressure on profitability amid rising costs and market challenges.
Rising Operating Expenses: Total operating expenses rose by 21% in Q4 to $148 million, driven by increased warehouse and delivery expenses, which could strain future profitability if not managed effectively.
Cash Flow Concerns: Operating cash flow for the quarter was $103 million, resulting in free cash flow of only $77 million, which fell short of expectations and indicates potential liquidity concerns moving forward.
PATK FAQs
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PATK Earning Call Sentiment
Patrick Industries, Inc. (NASDAQ:PATK) Q4 2024 Earnings Call Transcript
PATK.O
-3.03%Positive
The earnings call presents a mixed picture: while there are strong liquidity and strategic acquisitions, declines in key financial metrics like net income and operating margins are concerning. The Q&A reveals optimism but lacks clarity in some areas, particularly regarding competition and dealer activities. The market cap suggests moderate stock sensitivity. Overall, the sentiment is balanced with no strong catalysts for significant upward or downward movement, resulting in a neutral prediction.
