The last conversation we had about the deployment of free cash flow, they made very clear to me, and I concur with them, that the reduction of debt and getting it under three times levered is the absolute right thing to do. When we get to that point, I think, or let's say on our way to that point, on our way to being three times or less levered, every dollar we deliver with, I think, is good for both our equity and our debt holders. returning cash to shareholders. That would be the midpoint of next year. And if you ask me currently, the best way to return cash to shareholders, it's a no-brainer. We're undervalued. We'd buy our shares back.

Nov 13, 2024 / CEO / receipt, needs a key / Tim Oliver, CEO | earnings call 2024-11-13 | transcript f23315a0-e8bb-437f-bbee-8e9d43bf101b | chars 27368-28015 | segment 27