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Bowman Announces Authorization of New $25 Million Share Repurchase Program
Globenewswireยท 2025-06-06 11:30
Core Viewpoint - Bowman Consulting Group Ltd. has announced a new share repurchase program authorizing the repurchase of up to $25 million of its common stock over the next 12 months starting June 9, 2025, replacing the previous authorization that ends on June 6, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back shares based on management's discretion, considering factors such as share price, market conditions, and capital allocation priorities [2]. - The repurchase may occur through various means, including open market purchases and privately negotiated transactions, and is subject to applicable securities laws [2]. - The program does not obligate the company to repurchase a specific number of shares and can be suspended or modified at any time without notice [2]. Group 2: Company Overview - Bowman Consulting Group Ltd. is a national provider of technical engineering and program management services, headquartered in Reston, Virginia [3]. - The company employs over 2,400 individuals across 100 locations in the United States, offering a range of services including planning, engineering, geospatial, construction management, and environmental consulting [3]. - Bowman trades on the Nasdaq under the symbol BWMN [3].