American Outdoor Brands, Inc.’s Board of Directors approved the immediate repurchase of up to $10 million of the company’s outstanding common stock through September 2023.
President and CEO Brian Murphy said, “This announcement underscores our Board’s confidence in our business and its dedication to stockholder value creation. Our strong balance sheet and anticipated positive cash flow 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.”
Common stock shares may be repurchased on the open market in block trades or privately negotiated transactions.
American Outdoor Brands include Bog, Bubba, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, Meat!, Old Timer, Schrade, Tipton, Uncle Henry, ust, and Wheeler.