Tile Shop Holdings, Inc. announces an Equity Buyback for $30 million worth of its shares.
August 16, 2022 at 07:30 am EDT
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Tile Shop Holdings, Inc. (NasdaqCM:TTSH) announces a share repurchase program. Under the program, the company will repurchase up to $30 million worth of its shares. The program will be funded from the company's existing cash and cash equivalents, borrowings against the company's revolving line of credit and future cash flow.
The program will expire on the earlier of the repurchase of $30 million of shares of the company's common stock and March 6, 2023.
Tile Shop Holdings, Inc. is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. The Company offers an assortment of natural stone and man-made tile products. Its natural stone products include marble, travertine, granite, quartz, sandstone, slate, and onyx tiles. The Company's man-made products include ceramic, porcelain, glass, cement, wood look, metal and luxury vinyl tile. The Companyâs assortment of accessories, including mosaics, pencils, listellos, and other products. It also offers a range of setting and maintenance materials, such as thinset, grout, sealers, and accessories, including installation tools, shower and bath shelves, drains, and similar products. The Company also offers customers delivery service through third-party freight providers. The Company sells its products under brand names, including Superior Adhesives & Chemicals, Superior Tools & Supplies, Rush River, and Fired Earth.
TILE SHOP HOLDINGS, INC. 
