{"id":690651,"date":"2022-09-30T07:33:27","date_gmt":"2022-09-30T11:33:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/"},"modified":"2022-09-30T07:33:27","modified_gmt":"2022-09-30T11:33:27","slug":"american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/","title":{"rendered":"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">COLUMBIA, Mo.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 30, 2022<\/span><\/span> \/PRNewswire\/ &#8212; <b>American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT)<\/b>, 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 <span class=\"xn-money\">$10 million<\/span> of the Company&#8217;s outstanding common stock (&#8220;shares&#8221;) through <span class=\"xn-chron\">September 2023<\/span>. The share repurchase program is effective immediately.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1232911\/American_Outdoor_Brands_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1232911\/American_Outdoor_Brands_Logo.jpg\" title=\"(PRNewsfoto\/American Outdoor Brands, Inc.)\" alt=\"(PRNewsfoto\/American Outdoor Brands, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>President and Chief Executive Officer, <span class=\"xn-person\">Brian Murphy<\/span>, said, &#8220;This announcement underscores our Board&#8217;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&amp;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.&#8221;<\/p>\n<p>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&#8217;s stock, trading volume, general market and economic conditions, the Company&#8217;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&#8217;s discretion.<\/p>\n<p>\n        <b><br \/>\n          <u>Statement Regarding Forward-Looking Information<br \/><\/u><br \/>\n        <\/b><br \/>\n        <span>The 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 and involve a number of risks and uncertainties. Actual results, performance or achievement could differ materially from those contained in these forward-looking statements. Specific forward-looking statements in this press release include our Board&#8217;s confidence in our business and its dedication to stockholder value; our belief that our strong balance sheet and anticipated positive cash flow enable us to prioritize investing for growth, both organically and through opportunistic and accretive <\/span>M<span>&amp;A activity, while maintaining our commitment to returning capital to our stockholders.\u00a0 Forward-looking statements are based on our beliefs as well as assumptions made by, and information currently available to, us. The risks and uncertainties to which forward-looking statements are subject include, without limitation, changes in price and volume and the volatility of our common stock, unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company, changes in general economic, business and political conditions, and other risks detailed in the &#8220;Statement Regarding Forward-Looking Information,&#8221; &#8220;Risk Factors&#8221; and other sections of the Company&#8217;s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Except as required by applicable law or regulation, we disclaim any obligation and do not intend to publicly update or review any of our forward-looking statements, whether as a result of new information, future events or otherwise.<\/span><\/p>\n<p>\n        <b><br \/>\n          <u>About American Outdoor Brands, Inc.<br \/><\/u><br \/>\n        <\/b><br \/>\n        <span>American Outdoor Brands, Inc. (<\/span>NASDAQ<span> Global Select: <\/span>AOUT<span>) is an industry leading provider of outdoor products and accessories, including hunting, fishing, camping, outdoor cooking, shooting, and personal security and defense products, for rugged outdoor enthusiasts. The company produces innovative, top quality products under its brands BOG<sup>\u00ae<\/sup>; <\/span>BUBBA<span><sup>\u00ae<\/sup>; <span class=\"xn-location\">Caldwell<\/span><sup>\u00ae<\/sup>; Crimson Trace<sup>\u00ae<\/sup>; <\/span><span class=\"xn-location\">Frankford<\/span><span> Arsenal<sup>\u00ae<\/sup>; <\/span>Grilla<span> Grills<sup>\u00ae<\/sup>; <\/span>Hooyman<span><sup>\u00ae<\/sup>; Imperial<sup>\u00ae<\/sup>; <\/span>LaserLyte<span><sup>\u00ae<\/sup>; <\/span>Lockdown<span><sup>\u00ae<\/sup>; MEAT!; Old Timer<sup>\u00ae<\/sup>; <\/span>Schrade<span><sup>\u00ae<\/sup>; <\/span><span class=\"xn-location\">Tipton<\/span><span><sup>\u00ae<\/sup>; Uncle Henry<sup>\u00ae<\/sup>; <\/span>ust<span><sup>\u00ae<\/sup>; and Wheeler<sup>\u00ae<\/sup>. For more information about all the brands and products from American Outdoor Brands, Inc., visit <\/span><u style=\"font-size: 10pt\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3664015-1&amp;h=3807085617&amp;u=http%3A%2F%2Fwww.aob.com%2F&amp;a=www.aob.com\" target=\"_blank\" rel=\"nofollow noopener\">www.aob.com<\/a><\/u><span>.<\/span><\/p>\n<p>Contact: <br \/><span><span class=\"xn-person\">Liz Sharp<\/span>, VP, Investor Relations<br \/><\/span>lsharp<span>@<\/span>aob<span>.<\/span>com<br \/><span>(573) 303-4620<\/span><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG89251&amp;sd=2022-09-30\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program-301637516.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program-301637516.html<\/a><\/p>\n<p>SOURCE  American Outdoor Brands, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG89251&amp;Transmission_Id=202209300730PR_NEWS_USPR_____CG89251&amp;DateId=20220930\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire COLUMBIA, Mo. , Sept. 30, 2022 \/PRNewswire\/ &#8212; 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 $10 million of the Company&#8217;s outstanding common stock (&#8220;shares&#8221;) through September 2023. The share repurchase program is effective immediately. President and Chief Executive Officer, Brian Murphy, said, &#8220;This announcement underscores our Board&#8217;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&amp;A activity, while maintaining our commitment to returning capital to our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690651","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire COLUMBIA, Mo. , Sept. 30, 2022 \/PRNewswire\/ &#8212; 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 $10 million of the Company&#8217;s outstanding common stock (&#8220;shares&#8221;) through September 2023. The share repurchase program is effective immediately. President and Chief Executive Officer, Brian Murphy, said, &#8220;This announcement underscores our Board&#8217;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&amp;A activity, while maintaining our commitment to returning capital to our &hellip; Continue reading &quot;American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T11:33:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1232911\/American_Outdoor_Brands_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program\",\"datePublished\":\"2022-09-30T11:33:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/\"},\"wordCount\":687,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1232911\\\/American_Outdoor_Brands_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\\\/\",\"name\":\"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program - 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(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 $10 million of the Company&#8217;s outstanding common stock (&#8220;shares&#8221;) through September 2023. The share repurchase program is effective immediately. President and Chief Executive Officer, Brian Murphy, said, &#8220;This announcement underscores our Board&#8217;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&amp;A activity, while maintaining our commitment to returning capital to our &hellip; Continue reading \"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-30T11:33:27+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1232911\/American_Outdoor_Brands_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program","datePublished":"2022-09-30T11:33:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/"},"wordCount":687,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1232911\/American_Outdoor_Brands_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/american-outdoor-brands-board-of-directors-approves-10-million-share-repurchase-program\/","name":"American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program - 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