Smith Douglas Homes Corp. announced on May 28, 2025, that its Board of Directors authorized a stock repurchase program. The program allows for the repurchase of up to $50.0 million of the Company’s Class A common stock. This decision reflects management's view on the company's valuation.
Greg Bennett, Vice Chairman and Chief Executive Officer, stated that the authorization underscores the Board and Management’s belief that the share price may be undervalued. The company remains committed to evaluating strategic capital deployment to generate shareholder value. This move signals confidence in the company's long-term prospects.
Repurchases may occur through various methods, including open market purchases, block trades, or privately negotiated transactions. The program has no time limit and can be modified or discontinued at the Board's discretion. The company expects to fund the program from existing cash and future cash flows.
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