Outdoor Holding Company, the parent of GunBroker.com, announced that its Board of Directors authorized a share repurchase program to acquire up to $15 million in stock over the next twelve months.
“This authorization reflects the Board’s continued focus on disciplined capital allocation and long-term shareholder value. We believe this program provides us with additional flexibility to deploy capital opportunistically while maintaining a strong balance sheet and preserving our ability to fund operations, continue to invest in the business, and to pursue strategic opportunities as appropriate,” said Steve Urvan, chairman and chief executive officer of the company.
Repurchases under the program may occur at management’s discretion, using various methods, such as open-market or privately negotiated transactions. Repurchases will be funded from existing cash, future operating cash flows, or other legally available funds.
Image courtesy GunBroker.com
