Patrick Industries Inc (PATK) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $35.09 million, or $1.59 per share. This compares with $30.17 million, or $1.35 per share, in last year's first quarter.
Excluding items, Patrick Industries Inc reported adjusted earnings of $39.43 million or $1.79 per share for the period.
Analysts on average had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.7% to $933.49 million from $900.10 million last year.
Patrick Industries Inc earnings at a glance (GAAP) :
-Earnings (Q1): $35.09 Mln. vs. $30.17 Mln. last year.
-EPS (Q1): $1.59 vs. $1.35 last year.
-Revenue (Q1): $933.49 Mln vs. $900.10 Mln last year.
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