SAF-Holland Announces Share Repurchase Program

SAF-Holland, a leading global manufacturer of trailer suspensions and axle systems, has announced a share repurchase program of up to $50 million.

The program, which was approved by the company's board of directors, will allow SAF-Holland to repurchase its common shares on the open market or through privately negotiated transactions.

The share repurchase program is part of SAF-Holland's capital allocation strategy, which aims to return excess cash to shareholders while maintaining financial flexibility. The company expects to fund the program through its existing cash and cash equivalents.

SAF-Holland's share repurchase program is expected to commence in the fourth quarter of 2023 and will expire on December 31, 2025. The actual number of shares repurchased and the timing of the repurchases will be determined by market conditions and other factors.

The share repurchase program is a positive sign for SAF-Holland's shareholders, as it demonstrates the company's commitment to returning value to them. The program is also expected to support the company's stock price by reducing the number of shares outstanding.

Key Takeaways:

• SAF-Holland has announced a share repurchase program of up to $50 million.
• The program is expected to commence in the fourth quarter of 2023 and will expire on December 31, 2025.
• The share repurchase program is a positive sign for SAF-Holland's shareholders, as it demonstrates the company's commitment to returning value to them.