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Stock impact report

Patrick Industries announces increased share repurchase authorization [Seeking Alpha]

Patrick Industries, Inc. (PATK) 
Last patrick industries, inc. earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Patrick Industries announces increased share repurchase authorizationThe Board of Directors of Patrick Industries (NASDAQ:PATK) approved an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the Company's current stock repurchase program to $50M, including the amount remaining under the previous authorization."The increase in our stock repurchase authorization reflects the confidence that our Board of Directors and management team have in Patrick's outlook and market conditions, and is consistent with our capital allocation strategy and our commitment to driving shareholder value," said Todd M. Cleveland, Chief Executive Officer.Press ReleaseClick to subscribe to real-time analytics on PATKNow read:Louisiana-Pacific (LPX) Investor Presentation - Slideshow » Show less Read more
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