Patrick industries, inc. reports fourth quarter and full year 2023 financial results and declares quarterly cash dividend

Fourth quarter and full year 2023 highlights (compared to fourth quarter 2022 unless otherwise noted) fourth quarter net sales of $781 million decreased 18% as a result of lower oem wholesale unit shipments in our end markets and lower pricing passed on to our customers to reflect changes in certain commodity costs. fourth quarter and full year 2023 diluted earnings per share (eps) was $1.41 and $6.50, respectively.
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