Goodfellow Inc. Renews Normal Course Issuer Bid

DELSON, Quebec, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Goodfellow Inc. (TSX: GDL) (“Goodfellow” or the “Company”), announced today that the Toronto Stock Exchange (the “TSX”) has approved the notice filed by the Company to renew its normal course issuer bid (“NCIB”) with respect to its common shares (the “Shares”).

Goodfellow Inc., a leader in the distribution of specialty wood products, has announced that it is renewing its Normal Course Issuer Bid (NCIB). This decision marks a significant step towards enhancing shareholder value while allowing the company to manage its capital effectively.

The NCIB allows Goodfellow to repurchase its shares as a way to optimize its capital structure. The company is planning to buy back up to 10% of its publicly traded shares, reflecting its confidence in long-term growth and stability. This repurchase program is expected to commence shortly and will be executed over a period of one year.

In line with its commitment to transparency and effective communication with stakeholders, Goodfellow integrates an approach that emphasizes responsible corporate governance. By engaging in share buybacks, the company aims to mitigate market volatility and reinforce shareholder trust, which can lead to a stronger market presence and improved financial performance.

Goodfellow Inc. has a robust history of adapting its strategies in response to market conditions, and this NCIB renewal is another strategic move to position the company favorably in the current economic landscape. With an eye towards sustainable growth, the company continues to explore innovative ways to generate value for its shareholders while maintaining its competitive edge in the industry.

Investors are encouraged to consider the implications of this NCIB on their investment strategy. Share buybacks can enhance the value of remaining shares by reducing the overall supply, which typically results in an increase in earnings per share. Goodfellow's proactive approach in repurchasing shares reflects its strong financial health and its commitment to maximizing shareholder returns.