Tranche Update on Patrick Industries, Inc.'s Equity Buyback Plan announced on March 16, 2020.
August 04, 2022 at 04:05 pm EDT
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From March 28, 2022 to June 26, 2022, the company has repurchased 288,627 shares, representing 1.25% for $16.53 million. With this, the company has completed the repurchase of 1,598,645 shares, representing 6.8% for $104.8 million under the buyback announced on March 16, 2020.
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. 
