2024-02-08 16:07:04 ET
Patrick Industries, Inc. (PATK)
Q4 2023 Results Conference Call
February 08, 2024 10:00 AM ET
Company Participants
Steve O’Hara - Vice President of Investor Relations
Andy Nemeth - CEO
Jeff Rodino - President RV
Matt Filer - Interim CFO
Kip Ellis - President, Powersports and Housing
Conference Call Participants
Mike Swartz - Truist Securities
Craig Kennison - Baird
Daniel Moore - CJS Securities
Tristan Thomas-Martin - BMO Capital Markets
Noah Zatzkin - KeyBanc Capital Markets
Brandon Rollé - D.A. Davidson
Rafe Jadrosich - Bank of America
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to Patrick Industries’ Fourth Quarter 2023 Earnings Conference Call. My name is Paul, and I’ll be your operator for today’s call. [Operator Instructions] Please note that this conference is being recorded.
I will now turn the call over to Mr. Steve O’Hara, Vice President of Investor Relations. Mr. O’Hara, you may begin.
Steve O’Hara
Good morning, everyone, and welcome to our call this morning. I am joined on the call today by Andy Nemeth, CEO; Jeff Rodino, President RV; and Matt Filer, Interim CFO; as well as Kip Ellis, Patrick’s President, Powersports and Housing, who is available for Q&A and is joining us remotely.
Certain statements made in today’s conference call regarding Patrick Industries and its operations may be considered forward-looking statements under the securities laws. There are a number of factors which -- many of which are beyond the company’s control, which could cause the actual results and events to differ materially from those described in the forward-looking statements. These factors are identified in our press releases, our Form 10-K for the year ended 2022 and in our other filings with the Securities and Exchange Commission. We undertake no obligation to update these statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
I would now like to turn the call over to Andy Nemeth.
Andy Nemeth
Thank you, Steve. As we look back on fiscal 2023, I’m incredibly proud of the efforts our team has shown as they continue to deliver solid and resilient performance and results in a challenging environment. Despite sharply lower shipments across our end markets as we face macro and industry headwinds attributable to high inflation and interest rates, our business generated strong revenue, margins, profits and cash flow, particularly when compared to the pre-COVID time period when our business was less diversified....
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Patrick Industries, Inc. (PATK) Q4 2023 Earnings Call Transcript