MasterBrand Announces Additional $50 Million Share Repurchase Authorization
MasterBrand (NYSE: MBC), North America's largest residential cabinet manufacturer, has announced a new $50 million share repurchase authorization extending until March 13, 2028. This adds to their existing buyback program from April 2023, which still has $21 million remaining available for repurchases until April 23, 2025.
The company may execute the buyback through various methods, including open market and privately negotiated transactions, following Securities Exchange Act regulations. The program is discretionary and can be suspended at any time, with timing and pricing determined by market conditions, stock prices, and other factors.
MasterBrand (NYSE: MBC), il più grande produttore di armadi residenziali in Nord America, ha annunciato una nuova autorizzazione per il riacquisto di azioni di 50 milioni di dollari, valida fino al 13 marzo 2028. Questo si aggiunge al loro programma di riacquisto esistente di aprile 2023, che ha ancora 21 milioni di dollari disponibili per il riacquisto fino al 23 aprile 2025.
L'azienda può eseguire il riacquisto attraverso vari metodi, inclusi mercati aperti e transazioni private, nel rispetto delle normative del Securities Exchange Act. Il programma è discrezionale e può essere sospeso in qualsiasi momento, con tempistiche e prezzi determinati dalle condizioni di mercato, dai prezzi delle azioni e da altri fattori.
MasterBrand (NYSE: MBC), el mayor fabricante de gabinetes residenciales en América del Norte, ha anunciado una nueva autorización de recompra de acciones de 50 millones de dólares que se extenderá hasta el 13 de marzo de 2028. Esto se suma a su programa de recompra existente desde abril de 2023, que aún tiene 21 millones de dólares disponibles para recompra hasta el 23 de abril de 2025.
La empresa puede llevar a cabo la recompra a través de varios métodos, incluidos el mercado abierto y transacciones negociadas de manera privada, de acuerdo con las regulaciones de la Ley de Intercambio de Valores. El programa es discrecional y puede suspenderse en cualquier momento, con el momento y el precio determinados por las condiciones del mercado, los precios de las acciones y otros factores.
MasterBrand (NYSE: MBC), 북미 최대 주거용 캐비닛 제조업체가 5천만 달러의 자사주 매입 승인을 발표하며, 이는 2028년 3월 13일까지 유효합니다. 이는 2023년 4월부터 시행된 기존 자사주 매입 프로그램에 추가되는 것으로, 2025년 4월 23일까지 2100만 달러가 남아 있습니다.
회사는 자사주 매입을 공개 시장 및 비공식 거래를 포함한 다양한 방법으로 실행할 수 있으며, 이는 증권 거래법 규정을 따릅니다. 이 프로그램은 재량적이며 언제든지 중단될 수 있으며, 시기와 가격은 시장 상황, 주가 및 기타 요소에 따라 결정됩니다.
MasterBrand (NYSE: MBC), le plus grand fabricant de meubles de cuisine résidentiels en Amérique du Nord, a annoncé une nouvelle autorisation de rachat d'actions de 50 millions de dollars valable jusqu'au 13 mars 2028. Cela s'ajoute à leur programme de rachat existant d'avril 2023, qui dispose encore de 21 millions de dollars disponibles pour des rachats jusqu'au 23 avril 2025.
L'entreprise peut exécuter le rachat par divers moyens, y compris le marché ouvert et les transactions négociées de manière privée, conformément aux réglementations de la loi sur les valeurs mobilières. Le programme est discrétionnaire et peut être suspendu à tout moment, avec le timing et les prix déterminés par les conditions du marché, les prix des actions et d'autres facteurs.
MasterBrand (NYSE: MBC), der größte Hersteller von Wohnküchenschränken in Nordamerika, hat eine neue Genehmigung zur Aktienrückkäufen in Höhe von 50 Millionen Dollar angekündigt, die bis zum 13. März 2028 gültig ist. Dies ergänzt ihr bestehendes Rückkaufprogramm aus April 2023, das noch 21 Millionen Dollar für Rückkäufe bis zum 23. April 2025 zur Verfügung hat.
Das Unternehmen kann den Rückkauf durch verschiedene Methoden durchführen, einschließlich des offenen Marktes und privat ausgehandelter Transaktionen, gemäß den Vorschriften des Securities Exchange Act. Das Programm ist diskretionär und kann jederzeit ausgesetzt werden, wobei Zeitpunkt und Preis durch Marktbedingungen, Aktienkurse und andere Faktoren bestimmt werden.
- New $50 million share repurchase authorization shows confidence in company's valuation
- Additional $21 million still available from previous buyback program
- Strong cash flow generation capability affirmed by management
- Total buyback capacity of $71 million demonstrates commitment to shareholder returns
- Buyback program is discretionary with no obligation to purchase any shares
- Program can be suspended or discontinued at any time
Under the new authorization, the Company may repurchase shares through a variety of methods, including open market transactions and privately negotiated transactions, in compliance with Rule 10b5-1 and Rule 10b-18, as applicable, of the Securities Exchange Act of 1934 and other applicable laws and regulations. The repurchase program may be suspended or discontinued at any time and does not obligate the Company to acquire any amount of its common stock. The timing, manner, price and amount of any repurchases will be determined by the Company at its discretion and will depend on a variety of factors, including business, economic and market conditions, prevailing stock prices, corporate and regulatory requirements and other considerations.
“Our Board of Directors and management believe that MasterBrand’s shares represent an attractive investment opportunity. We believe our ability to continue to generate strong cash flows will enable us to strengthen our balance sheet, while investing in the business and repurchasing shares at a compelling valuation,” said Dave Banyard, President and Chief Executive Officer.
About MasterBrand:
MasterBrand, Inc. (NYSE: MBC) is the largest manufacturer of residential cabinets in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250317792618/en/
Investor Relations:
Investorrelations@masterbrand.com
Media Contact:
Media@masterbrand.com
Source: MasterBrand, Inc.
FAQ
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