Earnings Call Summary | Patrick Industries(PATK.US) Q1 2024 Earnings Conference
Earnings Call Summary | Patrick Industries(PATK.US) Q1 2024 Earnings Conference
The following is a summary of the Patrick Industries, Inc. (PATK) Q1 2024 Earnings Call Transcript:
以下是帕特里克工業公司（PATK）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Patrick Industries reported Q1 revenues of $933 million, an increase of 4%.
Net income improved by 16% to $35 million and net income per diluted share was $1.59.
After adjustment for acquisition costs and purchase accounting adjustments, Q1 net income was $39 million and diluted earnings per share rose by 31% to $1.79.
Operating margin improved to 7.0%, and adjusted EBITDA margin enhanced to 11.9%.
The company generated $391 million of free cash flow for the trailing 12 months, contrasting to $352 million in the same period last year.
The total net liquidity at the end of Q1 was $413 million, comprising $18 million cash on hand and $395 million unused capacity on a credit facility.
帕特里克工業公司公佈的第一季度收入爲9.33億美元，增長4％。
淨收益增長了16％，達到3500萬美元，攤薄後每股淨收益爲1.59美元。
經收購成本調整和收購會計調整後，第一季度淨收入爲3,900萬美元，攤薄後每股收益增長31％，至1.79美元。
營業利潤率提高至7.0％，調整後的息稅折舊攤銷前利潤率提高至11.9％。
該公司在過去的12個月中創造了3.91億美元的自由現金流，而去年同期爲3.52億美元。
第一季度末的淨流動性總額爲4.13億美元，包括1,800萬美元的手頭現金和3.95億美元的信貸額度未使用容量。
Business Progress:
業務進展：
RV revenues increased by 15% in Q1, while marine revenues rose by 35%, illustrating positive business progress in these sectors.
The acquisition of Sportech enhances Patrick Industries' footprint in the Powersports sector, strategically positioning it for future growth.
The company returned $13 million in dividends and held $78 million for share buybacks per the plan at Q1 end.
Despite a 3% Q1 industry decline, acquisition growth was up by 5% and organic growth by 2%.
Maintaining operational discipline and prioritizing innovation remain at the forefront of the business, which bodes well for future growth and stability.
The company also remains focused on strategic acquisitions with a good liquidity position. Investments in new innovations and product developments, particularly in the recreational and utility sectors, are anticipated to drive future growth.
Guided by their goal of being the supplier of choice in the outdoor enthusiast space, the company is poised to adapt, grow, and evolve across multiple industries.
第一季度房車收入增長了15％，而海運收入增長了35％，這表明這些領域的業務取得了積極的進展。
對Sportech的收購增強了帕特里克工業在機動車領域的足跡，爲其未來的增長奠定了戰略基礎。
截至第一季度末，該公司根據該計劃返還了1300萬美元的股息，並持有7800萬澳元的股票回購。
儘管第一季度行業下降了3％，但收購增長了5％，有機增長了2％。
保持運營紀律和優先考慮創新仍然是業務的重中之重，這對未來的增長和穩定來說是個好兆頭。
該公司還繼續專注於具有良好流動性的戰略收購。對新創新和產品開發的投資，尤其是娛樂和公用事業領域的投資，預計將推動未來的增長。
在成爲戶外運動愛好者領域的首選供應商的目標的指導下，該公司準備在多個行業中進行調整、發展和發展。
More details: Patrick Industries IR
更多詳情： 帕特里克工業投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。