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Patrick Industries: Q1 Earnings Snapshot

Patrick Industries: Q1 Earnings Snapshot April 29, 2021 FacebookTwitterEmail ELKHART, Ind. (AP) Patrick Industries Inc. (PATK) on Thursday reported first-quarter profit of $47.5 million. On a per-share basis, the Elkhart, Indiana-based company said it had net income of $2.04. Earnings, adjusted for non-recurring gains, were $1.80 per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. The building products manufacturer posted revenue of $850.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $729.4 million. Patrick Industries shares have climbed 42% since the beginning of the year. The stock has more than doubled in the last 12 months.

7 northern Indiana counties in 2nd-riskiest virus category

7 northern Indiana counties in 2nd-riskiest virus category April 24, 2021 FacebookTwitterEmail INDIANAPOLIS (AP) The number of Indiana counties seeing medium to high community spread of COVID-19 has risen from one to seven in a single week, and several of those are adjacent to Michigan, which has been experiencing the nation’s highest COVID-19 case rate. Elkhart, LaPorte and Steuben counties, which share a border with Michigan, and Porter County, which sits across Lake Michigan from southwestern Michigan, are now in Indiana s orange category, the state s COVID-19 dashboard showed as of Wednesday. Benton, Jasper and Whitley counties are also in the orange category, which is Indiana’s second-riskiest rating for community spread, after the red category, in its color-coded count map.

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