Ted Pincus

Ted Pincus of Forest Capital inquired about Stran & Company's outlook for the second half of the year, particularly regarding organic growth expectations, and asked for an update on the company's share buyback strategy.

Answer

Andy Shape, Co-Founder, President & CEO, expressed confidence in continued top-line growth, highlighting the 30% organic growth in Q2 and the historically strong performance in the second half of the year. Shape also confirmed that the company, viewing its stock as undervalued, will continue its authorized $10 million share buyback program and has implemented a 10b5 plan to facilitate purchases during blackout periods.

Ted Pincus of Forest Capital inquired about Stran & Company's outlook for the second half of the year, particularly regarding organic growth expectations, and also asked about the company's future plans for share buybacks.

Answer

Co-Founder, President & CEO Andy Shape expressed confidence in continued top-line growth, citing the 30% organic growth in Q2 and the historically strong performance in the second half of the year due to holidays. Regarding capital allocation, Shape confirmed the company views its stock as undervalued and will continue its authorized $10 million share repurchase program, utilizing a 10b5 plan to buy shares even during blackout periods, while balancing cash management and shareholder value.