American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program
American Outdoor Brands (NASDAQ: AOUT) has announced a new $10 million share repurchase program starting October 1, 2024, and ending September 30, 2025. This follows a prior program initiated in 2023, which resulted in 412,735 shares repurchased at an average price of $8.70 per share, totaling approximately $3.6 million. Brian Murphy, President and CEO, stated that this decision reflects the board's confidence in the business and commitment to stockholder value creation.
The company, with a strong, debt-free balance sheet, aims to prioritize investments in growth, both organically and through M&A activities, while maintaining its commitment to returning capital to stockholders. The repurchase program allows for shares to be bought on the open market, in block trades, or through private negotiations, with the amount and timing at management's discretion.
American Outdoor Brands (NASDAQ: AOUT) ha annunciato un nuovo programma di riacquisto azioni da 10 milioni di dollari che inizierà il 1° ottobre 2024 e terminerà il 30 settembre 2025. Questo segue un programma precedente avviato nel 2023, che ha portato al riacquisto di 412.735 azioni a un prezzo medio di 8,70 dollari per azione, per un totale di circa 3,6 milioni di dollari. Brian Murphy, Presidente e CEO, ha dichiarato che questa decisione riflette la fiducia del consiglio nel business e l'impegno nella creazione di valore per gli azionisti.
L'azienda, con un bilancio solido e privo di debiti, punta a dare priorità agli investimenti in crescita, sia organicamente che attraverso attività di M&A, mantenendo al contempo il suo impegno nel restituire capitale agli azionisti. Il programma di riacquisto consente di acquistare azioni sul mercato aperto, in blocchi, o attraverso trattative private, con modalità e tempi a discrezione del management.
American Outdoor Brands (NASDAQ: AOUT) ha anunciado un nuevo programa de recompra de acciones de 10 millones de dólares que comenzará el 1 de octubre de 2024 y terminará el 30 de septiembre de 2025. Esto sigue a un programa anterior iniciado en 2023, que resultó en la recompra de 412,735 acciones a un precio promedio de 8.70 dólares por acción, totalizando aproximadamente 3.6 millones de dólares. Brian Murphy, Presidente y CEO, declaró que esta decisión refleja la confianza del consejo en el negocio y el compromiso con la creación de valor para los accionistas.
La empresa, con un balance sólido y libre de deudas, tiene como objetivo priorizar las inversiones en crecimiento, tanto de manera orgánica como a través de actividades de M&A, manteniendo su compromiso de devolver capital a los accionistas. El programa de recompra permite comprar acciones en el mercado abierto, en transacciones en bloque, o mediante negociaciones privadas, con los montos y plazos a discreción de la dirección.
American Outdoor Brands (NASDAQ: AOUT)는 2024년 10월 1일부터 2025년 9월 30일까지 1천만 달러 규모의 자사주 매입 계획을 발표했습니다. 이는 2023년에 시작된 이전 프로그램에 이어지며, 이 프로그램에서 412,735주를 주당 평균 8.70달러에 매입하여 총 약 360만 달러에 달했습니다. 브라이언 머피 사장 겸 CEO는 이 결정이 사업에 대한 이사회의 신뢰와 주주 가치 창출에 대한 의지를 반영한다고 밝혔습니다.
부채가 없는 튼튼한 재무 구조를 가진 이 회사는 유기적인 성장과 M&A 활동을 통해 성장에 대한 투자를 우선시하는 동시에, 주주들에게 자본을 환원하겠다는 약속을 유지하고자 합니다. 이 자사주 매입 프로그램은 공개 시장, 블록 거래 또는 비공식 협상을 통해 주식을 매입할 수 있도록 하며, 매입 금액과 시기는 경영진의 재량에 따라 결정됩니다.
American Outdoor Brands (NASDAQ: AOUT) a annoncé un nouveau programme de rachat d'actions de 10 millions de dollars qui débutera le 1er octobre 2024 et se terminera le 30 septembre 2025. Cela fait suite à un programme précédent lancé en 2023, qui a abouti à un rachat de 412 735 actions à un prix moyen de 8,70 dollars par action, totalisant environ 3,6 millions de dollars. Brian Murphy, Président et CEO, a déclaré que cette décision reflète la confiance du conseil dans l'entreprise et l'engagement envers la création de valeur pour les actionnaires.
L'entreprise, avec un bilan solide et sans dettes, se fixe pour objectif de privilégier les investissements dans la croissance, tant de manière organique que par le biais d'activités de fusions et acquisitions, tout en maintenant son engagement à rendre du capital aux actionnaires. Le programme de rachat permet d'acheter des actions sur le marché ouvert, lors de transactions en bloc, ou par le biais de négociations privées, les montants et le timing étant à la discrétion de la direction.
American Outdoor Brands (NASDAQ: AOUT) hat ein neues Aktienrückkaufprogramm in Höhe von 10 Millionen Dollar angekündigt, das am 1. Oktober 2024 beginnt und am 30. September 2025 endet. Dies folgt auf ein früheres Programm, das 2023 gestartet wurde und zu einem Rückkauf von 412.735 Aktien zu einem Durchschnittspreis von 8,70 Dollar pro Aktie führte, was insgesamt etwa 3,6 Millionen Dollar ausmacht. Brian Murphy, Präsident und CEO, erklärte, dass diese Entscheidung das Vertrauen des Vorstands in das Unternehmen und das Engagement für die Schaffung von Aktionärswert widerspiegelt.
Das Unternehmen, welches über eine starke, schuldenfreie Bilanz verfügt, hat sich zum Ziel gesetzt, Investitionen in Wachstum sowohl organisch als auch durch M&A-Aktivitäten zu priorisieren, während es gleichzeitig sein Engagement für die Rückgabe von Kapital an die Aktionäre aufrechterhält. Das Rückkaufprogramm ermöglicht den Kauf von Aktien am offenen Markt, in Blockgeschäften oder durch private Verhandlungen, wobei Betrag und Zeitpunkt im Ermessen der Geschäftsführung liegen.
- Board approval of a new $10 million share repurchase program
- Strong, debt-free balance sheet
- Commitment to effective capital allocation and stockholder value creation
- Flexibility in repurchase execution (open market, block trades, private negotiations)
- Previous repurchase program only utilized $3.6 million out of $10 million authorized
Insights
American Outdoor Brands' (AOUT) announcement of a
Key points to consider:
- The company's debt-free balance sheet provides flexibility for this capital allocation strategy.
- The previous repurchase program resulted in buying back shares at an average price of
$8.70 , which is below the current market price, potentially creating value for remaining shareholders. - Management's commitment to both organic growth and M&A activities alongside share repurchases suggests a balanced approach to capital deployment.
While share repurchases can boost earnings per share and signal undervaluation, investors should monitor the company's ability to generate sustainable growth and returns on invested capital to ensure long-term value creation.
This share repurchase program reflects AOUT's strategic positioning in the outdoor products market. The company's confidence to allocate
- Management believes the stock is undervalued relative to its growth prospects in the outdoor enthusiast sector.
- A potential uptick in consumer spending on outdoor activities, which could drive demand for AOUT's products.
- The company's ability to generate free cash flow, enabling it to return capital to shareholders while still investing in growth initiatives.
Investors should watch for upcoming quarterly results to gauge the impact of macroeconomic factors on AOUT's sales and margins. The outdoor recreation industry's performance and consumer discretionary spending trends will be important indicators of AOUT's future performance and the wisdom of this capital allocation decision.
The program follows the Company's prior share repurchase program, which authorized the Company to repurchase up to
President and Chief Executive Officer, Brian Murphy, said, "Today's announcement conveys our board's continued confidence in our business and dedication to stockholder value creation. Given our strong, debt-free balance sheet, we maintain our commitment to effective capital allocation, prioritizing our investments in growth, both organically and through opportunistic and accretive M&A activity, while maintaining our commitment to returning capital to our stockholders."
The 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.
Statement Regarding Forward-Looking Information
The statements contained in this release that are not historical are forward-looking statements within the meaning of the
About American Outdoor Brands, Inc.
American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT) is an innovation company that provides product solutions for outdoor enthusiasts, including hunting, fishing, camping, shooting, outdoor cooking, and personal security and personal defense products. The Company produces innovative, high quality products under brands including BOG®; BUBBA®;
Contact: Liz Sharp, VP, Investor Relations
lsharp@aob.com
(573) 303-4620
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SOURCE American Outdoor Brands, Inc.
FAQ
When does AOUT's new share repurchase program start and end?
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What is the purpose of AOUT's share repurchase program?
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