Stock Repurchase
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Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase
Businesswire· 2025-10-31 06:50
Core Points - Mitsubishi Electric Corporation has concluded its stock repurchase program, which was approved by the Board of Directors on April 28, 2025, in accordance with Japanese corporate law [1][2] - The company repurchased a total of 29,893,600 shares, with an aggregate value of JPY 18,618,025,600 as of October 30, 2025 [2][5] - The company reported a revenue of JPY 5,521.7 billion (approximately USD 36.8 billion) for the fiscal year ending March 31, 2025 [3] Stock Repurchase Details - Type of shares repurchased: Common stock [2] - Maximum number of shares approved for repurchase: 60,000,000 shares, representing 2.89% of issued and outstanding shares [2] - Maximum aggregate value for the repurchase program: JPY 100 billion [2] - Repurchase period: April 30, 2025, to October 31, 2025 [2] Financial Performance - Consolidated revenue for the first half of fiscal 2026 (ending September 30, 2025) was JPY 2,732.5 billion, reflecting a year-on-year increase of JPY 88.9 billion, or 103% [5] - Operating profit details were not fully disclosed in the provided text [5] Strategic Investments - Mitsubishi Electric Hydronics & IT Cooling Systems has acquired a stake in Intramech Pty Ltd., a South African company specializing in HVAC and IT cooling systems [6][7] - This investment aims to enhance Mitsubishi Electric's sales and service capabilities in the region [7] Collaborative Initiatives - Mitsubishi Electric, in collaboration with Waseda University, Technical University of Denmark, and The University of Sydney, is developing a thermal comfort index to promote health and productivity in office environments [8]
Business First Bancshares, Inc. Announces Stock Repurchase Program
Globenewswire· 2025-10-28 20:30
Core Points - Business First Bancshares, Inc. has announced a stock repurchase program with an aggregate purchase price of up to $30 million over a 24-month period starting from October 28, 2025, to October 28, 2027 [1][2]. Group 1: Stock Repurchase Program - The repurchases may occur in the open market or through privately negotiated transactions, depending on management's assessment of attractive prices and the best interests of the company and its shareholders [2]. - The program is not obligatory, and there is no assurance that shares will be repurchased; it can be modified, suspended, or terminated at the Board's discretion [3]. Group 2: Company Overview - As of September 30, 2025, Business First Bancshares, Inc. has $8.0 billion in assets and $5.7 billion in assets under management through its affiliate, Smith Shellnut Wilson LLC, excluding $0.9 billion of b1BANK assets managed by SSW [5]. - b1BANK operates banking centers and loan production offices in Louisiana and Texas, offering commercial and personal banking products and services [5]. - b1BANK has received accolades such as the 2024 Mastercard "Innovation Award" and has been recognized multiple times by American Banker Magazine as one of the "Best Banks to Work For" [5].
ETHZilla Sells Approximately $40mm ETH to Facilitate Stock Repurchases
Prnewswire· 2025-10-27 20:00
Core Insights - ETHZilla Corporation has sold approximately $40 million of its ETH treasury holdings to fund share repurchases, having repurchased around 600,000 shares for about $12 million since October 24, 2025 [1][2] - The company is executing share buybacks at a significant discount to its net asset value (NAV) and plans to continue this strategy until the discount is normalized [1][2] Financial Strategy - The company is leveraging its balance sheet strength by reducing ETH holdings to finance share repurchases, which are expected to be immediately accretive [2] - ETHZilla continues to hold approximately $400 million of ETH to support future strategic initiatives [2] Company Overview - ETHZilla Corporation operates in the decentralized finance (DeFi) industry, aiming to connect financial institutions and businesses through secure blockchain transactions [3] - The company generates recurring revenues through various DeFi protocols that enhance Ethereum network integrity and security [3] - ETHZilla is focused on tokenization solutions, DeFi protocol integration, and other decentralized finance services [3]
Embassy Bancorp, Inc. Announces Stock Repurchase Program
Globenewswire· 2025-10-27 12:30
BETHLEHEM, Pa., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”), the parent company of Embassy Bank For the Lehigh Valley (the “Bank”), announces that the Board of Directors has authorized the adoption of a stock repurchase program for up to $5 million of its outstanding common stock. The stock repurchase program will become effective October 31, 2025. This is Embassy Bancorp, Inc.’s first stock repurchase program. Repurchases under this program will be made in open mar ...
DECK Q2 Earnings Beat Estimate, HOKA & UGG Posts Double-Digit Growth
ZACKS· 2025-10-24 15:30
Core Insights - Deckers Outdoor Corporation (DECK) reported strong second-quarter fiscal 2026 results, driven by the performance of its HOKA and UGG brands, exceeding expectations and showing year-over-year growth [1][9]. Financial Performance - DECK's quarterly earnings were $1.82 per share, surpassing the Zacks Consensus Estimate of $1.58 and increasing from $1.59 in the prior year [2][9]. - Net sales rose 9.1% year over year to $1.43 billion, exceeding the consensus estimate of $1.41 billion, with constant-currency sales growth of 8.3% [2][9]. - Gross profit increased 9.6% year over year to $803.8 million, with a gross margin of 56.2%, up from 55.9% in the previous year [3][4]. - SG&A expenses rose 11.5% year over year to $477.3 million, representing 33.4% of revenues, reflecting ongoing brand investments [4][16]. - Operating income was $326.5 million, a 7% increase from $305.1 million in the prior year, with an operating margin of 22.8% [4][17]. Brand Performance - HOKA brand sales increased 11.1% year over year to $634.1 million, driven by a 13% rise in wholesale and 8% growth in direct-to-consumer (DTC) sales [5][9]. - UGG brand net sales grew 10.1% to $759.6 million, supported by a 17% increase in wholesale, although DTC sales declined by 10% [6][9]. - Other Brands experienced a decline of 26.5% year over year to $37.2 million, attributed to the phase-out of Koolaburra's standalone operations [7]. Sales Channels and Geography - Wholesale net sales increased 13.4% year over year to $1.04 billion, while DTC net sales declined 0.8% to $394.6 million [8][10]. - Domestic net sales decreased 1.7% to $839.5 million, while international net sales rose 29.3% to $591.3 million [10]. Future Outlook - For fiscal 2026, DECK projects net sales of $5.35 billion, with HOKA expected to grow in the low-teens percentage and UGG in the low to mid-single-digit range [15][17]. - The gross margin is anticipated to be 56%, with SG&A expenses expected to represent 34.5% of revenues [16]. - The operating margin for fiscal 2026 is projected at 21.5%, with earnings per share estimated between $6.30 and $6.39 [17].
X @Bloomberg
Bloomberg· 2025-10-21 20:36
Financial Performance - Capital One 第三季度利润激增,超出华尔街预期 [1] Corporate Strategy - Capital One 宣布在收购 Discover 后,计划回购高达 160 亿美元的股票 [1]
Why Ubiquiti Stock Surged 25.1% in September
Yahoo Finance· 2025-10-06 09:45
Core Insights - Ubiquiti's shares increased by 25.1% in September, outperforming the S&P 500 and Nasdaq indices, which returned 3.7% and 5.7% respectively [1][3] - The stock's strong performance was driven by positive momentum from a strong fiscal Q4 earnings report released in late August [3][5] Financial Performance - In fiscal Q4, Ubiquiti's revenue rose 50% year over year to $759.2 million, with enterprise technology revenue increasing by 58% to $680.1 million and service provider technology revenue growing by 4% to $79 million [6][8] - Earnings per share (EPS) based on GAAP increased by 56% year over year to $4.41, while adjusted EPS surged 103% to $3.54, significantly exceeding Wall Street's expectation of $2.23 [6][8] Dividend and Stock Buyback - Ubiquiti raised its quarterly dividend by 33% to $0.80 per share, marking the first increase since 2021, with the new dividend payable on September 8 [7][10] - The company initiated a stock repurchase program authorizing the buyback of up to $500 million of its common stock [8]
Kirby Approves $8 Million Buyback Program: Will it Aid the Bottom Line?
ZACKS· 2025-09-25 20:26
Core Insights - Kirby Corporation's board has authorized a stock repurchase of up to an additional $8 million shares, enhancing shareholder value and signaling confidence in its business strategy [1][8] - The new buyback authorization adds to a previous 5 million share repurchase program, allowing for a total of nearly 8.8 million shares to be repurchased [2][4] - Kirby's consistent share buyback efforts reflect its commitment to rewarding shareholders, with significant repurchases in recent years [4][5] Financial Performance - In 2024, Kirby generated $413.8 million in free cash flow, a substantial increase from $138.5 million in 2023, indicating strong financial health [5][8] - The adjusted EBITDA for Kirby in 2024 was reported at $708.3 million, showcasing operational efficiency [5] Market Position - Kirby's shares have declined by 22.3% year-to-date, contrasting with an 8.3% increase in the Zacks Transportation - Shipping industry [6] - The stock is currently trading at a forward 12-month price-to-sales ratio of 1.30X, which is below the industry average of 2.18X, suggesting an attractive valuation [15][16] Shareholder Initiatives - Kirby's buyback program is part of a broader trend in the transportation sector, with other companies like Werner Enterprises and Union Pacific also engaging in shareholder-friendly actions [10][12] - The upward revision of earnings estimates for Kirby over the past 90 days indicates positive market sentiment [13]
Stingray Renews its Normal Course Issuer Bid
Globenewswire· 2025-09-24 22:00
Core Viewpoint - Stingray Group Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the repurchase of up to 3,710,428 subordinate voting shares, which represents approximately 10% of the public float as of September 15, 2025 [1][3]. Summary by Sections Share Repurchase Program - The Toronto Stock Exchange has authorized Stingray to repurchase up to 3,710,428 subordinate voting shares, which is about 10% of the public float as of September 15, 2025 [1]. - The net average daily trading volume for the six months preceding September 1, 2025, was 23,675 subordinate shares, allowing Stingray to purchase up to 5,918 subordinate shares on any trading day, which is 25% of this average daily trading volume [2]. - The repurchase program will commence on September 27, 2025, and will last for twelve months, concluding no later than September 26, 2026 [4]. Financial Implications - Stingray believes that repurchasing shares is a suitable use of its funds and will enhance the interests of remaining shareholders by reducing the number of shares in circulation [3]. - As of September 15, 2025, Stingray had already repurchased 1,159,300 subordinate shares at a weighted average price of $8.7156 per share, under its previous NCIB, which allows for the repurchase of up to 3,542,716 subordinate shares [7]. Automatic Securities Purchase Plan - An automatic securities purchase plan has been established, allowing shares to be repurchased during regulatory restrictions or blackout periods, with purchases made at the discretion of a designated broker [6].
Marvell Announces Additional $5 Billion Stock Repurchase Authorization and $1 Billion Accelerated Share Repurchase Program
Prnewswire· 2025-09-24 13:05
Core Points - Marvell Technology, Inc. has authorized a new $5 billion stock repurchase program, building on its commitment to return capital to stockholders [1][2] - The company has approximately $2 billion remaining under its prior repurchase authorization and has repurchased $300 million of common stock in the current quarter [2] - Marvell has entered into an accelerated share repurchase (ASR) agreement to repurchase an additional $1 billion of its common stock [2][3] - CEO Matt Murphy emphasized the company's confidence in its business and stock value, highlighting sustained revenue and cash flow growth [3] Financial Overview - The new stock repurchase program is part of Marvell's strategy to enhance shareholder value [1][2] - The total amount repurchased in the current quarter, including the ASR, amounts to $1.3 billion [2] Upcoming Events - Marvell's Chairman and CEO will participate in a fireside chat hosted by JP Morgan on September 24, 2025, at 10 AM Pacific Time [3][4]