Camping World Holdings announced that its Board of Directors authorized an increase in the company’s stock repurchase program for up to an additional $125 million of its Class A common stock, effective immediately.
The Board of Directors authorized an increase in the company’s stock repurchase program originally approved on Oct. 30, 2020, for an additional $125 million of the company’s Class A common stock, effective immediately, resulting in approximately $156,808,000 remaining available for such repurchases. During the six months ended June 30, 2021, the company repurchased nearly $45.5 million. The Board of Directors extended the expiration of the repurchase authorization to Aug. 31, 2023.
“The approval of the increased stock repurchase program reflects the confidence our senior management team, board of directors, and I have in the company’s future performance and ability to generate strong cash flow and create long term value,” said Marcus Lemonis, CEO and chairman of Camping World.