DXP Enterprises Announces New Share Repurchase Program Under Which Up To $85M Or 2.5M Shares Of Its Outstanding Common Stock May Be Acquired In The Open Market Over The Next 2 Years
Portfolio Pulse from Benzinga Newsdesk
DXP Enterprises, Inc. (NASDAQ:DXPE) has announced a new share repurchase program, allowing the company to buy back up to $85 million or 2.5 million shares over the next two years. This follows the successful completion of a previous buyback program.
August 28, 2024 | 7:33 pm
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DXP Enterprises has initiated a new share repurchase program, allowing for the buyback of up to $85 million or 2.5 million shares over two years. This move follows the successful completion of a previous buyback program.
The announcement of a new share repurchase program typically signals management's confidence in the company's future prospects and can lead to a positive impact on the stock price. The buyback reduces the number of shares outstanding, potentially increasing earnings per share and supporting the stock price.
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