- Patrick Industries Inc (NASDAQ:PATK) Board of Directors authorized an increase in the current stock repurchase program to $100.0 million.
- The buyback program also includes $38.2 million remaining under the previous authorization.
- The share repurchase under the increased approval will take place over the next 24 months.
- “The decision to increase our share repurchase authorization combined with the recent increase in our quarterly dividend reflects our confidence in our capital allocation strategy and ability to generate free cash flow,” said CEO Andy Nemeth.
- The company held $53.3 million in cash and equivalents as of September 25, 2022.
- Price Action: PATK shares are trading higher by 7.16% at $62.37 on the last check Wednesday.
- Photo Via Company
Solaris Biotech And Wildtype Announce Agreement For Large-Scale Bioreactors For Cultivated Seafood Production NOTE: Solaris Has Been A Part Of Donaldson Company And Its Expansion Into Life Sciences
Solaris and Wildtype signed an agreement to collaboratively develop a new generation of bioreactors to foster large-scale production of cultivated seafood.
Bioreactors are one of the most important pieces of equipment
