Patrick Industries (PATK) Tops Q3 EPS by 9c

Patrick Industries (NASDAQ: PATK) reported Q3 EPS of $1.15, $0.09 better than the analyst estimate of $1.06. Revenue for the quarter came in at $575.1 million versus the consensus estimate of $558.06 million.

On October 22, 2018, the Company's Board of Directors authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $50.0 million, including the $3.6 million remaining under the previous authorization. Year-to-date through October 24, 2018, the Company repurchased 1,505,429 shares at an average price of $58.37 per share for a total cost of $87.9 million.

For earnings history and earnings-related data on Patrick Industries (PATK) click here.

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