Patrick Industries Inc
NASDAQ:PATK
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PATK's latest stock split occurred on Dec 16, 2024
The company executed a 3-for-2 stock split, meaning that for every 2 shares held, investors received 3 new shares.
Before the split, PATK traded at 134.59 per share. Afterward, the share price was about 87.1794.
The adjusted shares began trading on Dec 16, 2024. This was PATK's 10th stock split, following the previous one in Jan 11, 2018.
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002315
Patrick Industries Inc
Glance View
Patrick Industries Inc., with origins rooted in the heart of the Midwest, is a testament to the enduring spirit of American manufacturing and distribution. Founded in 1959, the company has meticulously fashioned its niche in the lifestyle materials sector, largely serving the RV, marine, manufactured housing, and industrial markets. Picture a spider weaving an intricate web; Patrick Industries has broadened its reach through a combination of organic growth and strategic acquisitions, creating a robust interconnected network of brands and products. This network allows the company to supply essential components—from decorative vinyl and hardwood products to furniture and lighting solutions—that transform the raw essence of these industries into consumer-ready splendor. At the core, Patrick Industries functions like a knowledgeable curator, keenly aware of the pulse and flow of industry demand. Their business model thrives on understanding the nuanced requirements of various sectors, whether it's creating the perfect countertop for an RV or crafting elegant cabinetry for a leisure yacht. By operating manufacturing facilities complemented by an adept distribution arm, Patrick Industries orchestrates a symphony of logistics and production, ensuring their tailored products reach customers swiftly and efficiently. Through their vertically integrated operations, the company not only solidifies its market presence but continually enhances its ability to generate revenue and remain a frontrunner in supplying high-demand, specialized components that are key to modern leisure lifestyle experiences.
