Patrick Reaches Q3 Earnings Beat on EPS and Revenue
Patrick reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a Non-GAAP EPS of $1.03, surpassing estimates by $0.04, while revenue reached $975 million, beating projections by approximately $36.53 million despite a slight year-over-year decline of 0.1%. Profitability metrics showed improvement during the quarter, with adjusted EBITDA increasing by 3% to $116 million. Additionally, the company achieved an expansion in its adjusted EBITDA margin, which grew by 40 basis points to reach 11.9%.
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