Patrick Industries, Inc. (NASDAQ:PATK) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET
Company Participants
Steve O’Hara - VP, IR
Andy Nemeth - CEO & Director
Jeffrey Rodino - President
Matthew Filer - Interim EVP, Finance, CFO & Treasurer
Conference Call Participants
Scott Stember - ROTH MKM Partners
Noah Zatzkin - KeyBanc Capital Markets
Craig Kennison - Robert W. Baird & Co.
Daniel Moore - CJS Securities
Griffin Bryan - D.A. Davidson & Co.
Rafe Jadrosich - Bank of America Merrill Lynch
Michael Swartz - Truist Securities
Operator
Greetings, and welcome to the Patrick Industries Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve O'Hara, Vice President of Investor Relations. Thank you. Steve, 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; and Matt Filer, interim CFO.
Certain statements 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, 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. Good morning, ladies and gentlemen, and thank you for joining us on the call today.
Before we begin talking about the second quarter and first half of 2023, I would like to take this opportunity to express my sincere gratitude to our incredible team members and their unwavering commitment to excellence, especially in these dynamic times. Their dedication empowers us as we strive in our pursuit to consistently deliver exceptional products and provide the highest level of service to our customers. They are the foundation of our company. And their hard work is one of the reasons we are increasingly optimistic about and well positioned for the future.
As we reflect on the second quarter and first half of 2023, we are pleased with our performance, especially against the tough comparison to last year's record sales and earnings. This period has seen some of the most significant declines in RV production in over a decade as a result of the incredible discipline exhibited by industry OEMs as they managed field inventories in response to macroeconomic uncertainty.