MHProNews has learned from twst that manufactured housing component supplier Patrick Industries, Inc. (NASDAQ:PATK:) will release its third quarter 2015 financial results before the market opens Thursday, Oct. 29, 2015. President and CEO Todd Cleveland and CFO, Andy Nemeth, will conduct a conference call later that same morning at 10:00 AM EST to discuss the results and other business matters. Participation in the Q & A will be limited to institutional investors and analysts. Others may listen in to the live webcast on Patrick’s website.
Patrick has been the topic of multiple MHProNews stories since Nov. 2014 when major shareholder Jeffrey L. Gendell began unloading shares of company stock. In the most recent post from Oct. 12, 2015, the current tally reveals he has sold approximately 180,000 shares of stock valued at $7.84 million since Nov.
Moreover, in addition to Gendell, Tontine Capital Partners LP has sold a considerable number of shares of Patrick stock, as MHProNews reported Sept. 15, 2015. The company also manufactures and distributes components to the recreational vehicle industry. ##
(Photo credit: elkharttruth/Emily Pfund–Patrick headquarters in Elkhart, Indiana)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.