Rochester, NY 8/13/2009 9:14:04 PM
Patrick Industries, Inc., PATK - Patrick Industries, Inc. Release Second Quarter and Company’s Six Months Financial Results for 2009
Patrick Industries, Inc
Patrick Industries reported a net loss of $0.7 million or $0.07per diluted share, for the second quarter of 2009, as to compared to the net income of $1.9 million or $0.25 per diluted share in the same period of last year.
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"The second quarter reflected both operating and financial progress against difficult economic and industry conditions. While uncertainty surrounding the future course of the global economy continues to fuel the decline in RV and MH sales compared to prior periods, production levels in the RV industry experienced some seasonal increases during the quarter. Improvements in sales to the MH industry, however, have not yet been seen, especially given the current state of the residential housing market," said Todd Cleveland, President and Chief Executive Officer.
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