Tranche Update on Tile Shop Holdings, Inc.'s Equity Buyback Plan announced on August 16, 2022.
November 04, 2022 at 02:39 am IST
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From August 16, 2022 to October 31, 2022, the company has repurchased 7,805,226 shares, representing 14.94% for $30 million. With this, the company has completed the repurchase of 7,805,226 shares, representing 14.94% for $30 million under the buyback announced on August 16, 2022.
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.