Patrick Industries completes acquisition of Elkhart, Indiana-based Aluminum Metals Company [Seeking Alpha]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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Source: Seeking Alpha
Patrick Industries completes acquisition of Elkhart, Indiana-based Aluminum Metals CompanyPatrick Industries (NASDAQ:PATK) completed the acquisition of the business and certain assets of Elkhart, Indiana-based Aluminum Metals Company, LLC for ~$16.5M.The acquisition of AMC included the acquisition of accounts receivable, inventory, prepaid expenses, and machinery and equipment, and was funded under the Company's existing credit facility.The Company expects the acquisition to be immediately accretive to net income per share."Consistent with our strategic growth initiatives in conjunction with our capital allocation and acquisition strategies, the acquisition of AMC allows us to capitalize on its value-added manufacturing capabilities, products, and expertise as a high quality supplier of a variety of customized fabricated aluminum products to the primary markets we serve," said Todd Cleveland, Chief Executive Officer of Patrick.AMC will be operated on a stand-alone basis under its bran
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News
- Patrick Industries, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Webcast on May 2, 2024 [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Webcast on May 2, 2024PR Newswire
- Down -8.63% in 4 Weeks, Here's Why You Should You Buy the Dip in Patrick Industries (PATK) [Yahoo! Finance]Yahoo! Finance
- Is Patrick Industries (PATK) a Great Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
PATK
Earnings
- 2/8/24 - Beat
PATK
Sec Filings
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form DEF
- PATK's page on the SEC website