Holley Performance Brands Announces Share Repurchase Program of Up to $25 Million
Holley Performance Brands authorized a new share repurchase program of up to $25 million, marking the third pillar of its capital allocation strategy alongside debt reduction and accretive M&A. CEO Matthew Stevenson highlighted that the company has reduced debt by approximately $100 million and expanded margins, asserting that the current share price does not fully reflect the strength of the operating model.
Key figures
- Debt reduction
- 100000000
- Net leverage target
- 3.5x
- Repurchase authorization
- 25000000
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