other
confidence high
sentiment positive
materiality 0.40
Align Technology plans $150M stock repurchase by July 2024
ALIGN TECHNOLOGY INC
- $150M open market repurchase under existing $1.0B program approved Jan 2023.
- Repurchases expected to be completed by end of July 2024; funded with cash on hand.
- As of Mar 31, 2024: 75.3M shares outstanding, $902.5M cash & securities.
- CFO cites balance sheet strength and confidence in market opportunity.