Outdoor Holding Company announced the authorization of a discretionary share repurchase program.
The program allows the Company to repurchase up to $15 million of its outstanding common stock over the next twelve months.
This strategic move aims to enhance shareholder value and maintain financial flexibility.
Share Repurchase Program Authorization
Board authorized a share repurchase program of up to $15 million over the next twelve months.
Focus on Capital Allocation
Reflects the Board's focus on disciplined capital allocation and long-term shareholder value.
Flexibility in Capital Deployment
Provides additional flexibility to deploy capital opportunistically while maintaining a strong balance sheet.
Repurchase Methods
Repurchases may be made through open market purchases, privately negotiated transactions, and other means.
Management Discretion
The timing, volume, and value of repurchases will be determined by management based on various factors.
- The share repurchase program signals confidence in the Company's financial position and future prospects.
- It demonstrates a commitment to enhancing shareholder value and utilizing capital effectively.
Outdoor Holding Company's authorization of the share repurchase program reflects its commitment to disciplined capital allocation and long-term shareholder value. This move showcases strategic financial planning and signals confidence in the Company's future growth.