Patrick Industries, Inc. announces an Equity Buyback for $50 million worth of its shares.
January 30, 2018 at 08:46 am
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Patrick Industries, Inc. (NasdaqGS:PATK) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its common stock. The purpose of the program is to return value to shareholders. The repurchase program will run over a period of 24 months.
Patrick Industries, Inc. is a component solutions provider for the recreational vehicle (RV), marine, powersports and housing markets. The Companyâs segments include Manufacturing, which offers laminated products for furniture, shelving, walls and countertops; decorative vinyl, wrapped vinyl, paper laminated panels and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; and other products, and Distribution segment, which provides pre-finished wall and ceiling panels, drywall and drywall finishing products, interior and exterior lighting products, wiring, electrical and plumbing products, transportation and logistics services and other products. It operates through a network that includes approximately 179 manufacturing plants and 62 warehouse and distribution facilities located in 23 states with presence in Mexico, China, and Canada. It also serves original equipment manufacturers (OEMs), and various other industrial markets.
PATRICK INDUSTRIES, INC. 
