Capital Allocation “We reviewed our capital allocation strategy through the lens of sustained year-over-year revenue and EBITDA growth, a substantial reduction in leverage over the past several quarters and an increasingly favorable outlook in the business. We believe a balanced approach to capital deployment including capex, acquisitions, share buybacks and dividends is an attractive combination for shareholders,” stated Stewart Emerson, President & CEO of Supremex (From Jan. 6/22 Press Release)
My Take: It is quite apparent that management was provided latitude by the Board to make capital deployment decisions that were most accretive to shareholders. Of course, decisions are made based on information which is available at the time.