Business
American Outdoor Brands Board of Directors Approves $15 Million Share Repurchase Program
COLUMBIA, Mo., Dec. 9, 2021 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and
About this update from American Outdoor Brands, Inc.
[{"type":"text","content":"COLUMBIA, Mo., Dec. 9, 2021 /PRNewswire/ -- American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for outdoor enthusiasts, today announced that its Board of Directors has approved the repurchase of up to $15 million of the Company's outstanding common stock (\"shares\") through December 2023. The share repurchase program is effective immediately.\n\n \n \n \n \n \n \n\n \nPresident and Chief Executive Officer, Brian Murphy, said, \"This announcement underscores our Board's confidence in our business and its dedication to stockholder value creation. Our strong balance sheet, positive cash flow, and growing revenue enable us to prioritize investing for growth, both organically and through opportunistic and accretive M&A activity, while maintaining our commitment to returning capital to our stockholders. As we evaluate our capital allocation priorities, we believe it is appropriate and important to have the authority to repurchase stock at our discretion.\"\nThe shares may be repurchased from time to time on the open market, in block trades, or in privately negotiated transactions. The amount and timing of any shares repurchased under the program will be determined at the discretion of management and will depend on a number of factors, including the market price of the company's stock, trading volume, general market and economic conditions, the Company's capital position, legal requirements, and other factors. The repurchase program does not obligate the Company to acquire any particular number of shares, and the repurchase program may be discontinued at any time at the Company's discretion. \nStatement Regarding Forward-Looking InformationThe statements contained in this release that are not historical are forward-looking statements within the meaning of the U.S. federal securities laws and we intend that such forward-looking statements be subject to the safe harbor created thereby. Statements that are not historical facts, including statements about anticipated financial outcomes, and share repurchases, as well as other statements about our expectations, beliefs, intentions, or strategies regarding the future, or other characterizations of future events or circumstances, are forward-looking statements. These statements relate to future events and our future results an...