Patrick Industries (PATK) Tops Q1 EPS by 14c; Approves Three-for-Two Stock Split

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Go back to Patrick Industries (PATK) Tops Q1 EPS by 14c; Approves Three-for-Two Stock Split

Patrick Industries, Inc. Reports First Quarter 2015 Financial Results; Announces Expanded Credit Facility and Common Stock Split

April 30, 2015 8:26 AM EDT

ELKHART, Ind., April 30, 2015 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle ("RV"), manufactured housing ("MH"), and industrial markets, today reported its financial results for the first quarter ended March 29, 2015.  The Company also announced that it has expanded its existing credit facility to $250 million, while extending its maturity to 2020, and declared a 3-for-2 common stock split. 

First Quarter 2015 Financial Results

Net sales for the first quarter of 2015 increased $53.3 million or 31.3%, to $223.4 million from $170.1 million in the same... More