Outdoor Holding Company (NASDAQ: POWW) has authorized a discretionary share repurchase program that allows the board to buy back up to $15 million of common stock over the next twelve months. The program gives management flexibility to execute repurchases through open‑market purchases, private negotiations, or other methods, subject to federal securities laws and the company’s insider‑trading policy.
The move follows a recent turnaround for the company. In the second quarter of fiscal 2026, Outdoor Holding Company reported net income of $1.4 million, a sharp improvement from the $5.9 million loss recorded in the same quarter of the prior year. Revenue for the quarter was $11.98 million, flat year‑over‑year, while gross margin reached 87.1%. The company has refocused its operations on the GunBroker.com marketplace after divesting its ammunition business in April 2025 and has regained Nasdaq compliance.
The repurchase program will be funded from existing cash balances, future operating cash flows, or other legally available funds, underscoring the company’s financial stability. Management intends the program to support disciplined capital allocation while preserving liquidity for ongoing operations and strategic opportunities, such as further investment in the GunBroker.com platform.
CEO Steve Urvan said the authorization reflects the board’s focus on disciplined capital allocation and long-term shareholder value. He added that the program provides flexibility to deploy capital opportunistically while maintaining a strong balance sheet and the ability to fund operations, continue investing in the business, and pursue strategic opportunities as appropriate.
The announcement was welcomed by investors, who view the buyback as a signal of confidence in the company’s financial health and its strategic focus on the GunBroker.com marketplace.
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