logo
Share SHARE
FONT-SIZE Plus   Neg

Nordson Board Authorizes $100 Mln Share Repurchase Program

Nordson Corp. (NDSN) said Thursday that its Board of Directors has authorized the repurchase of up to an additional $100 million of the company's common Shares following exhaustion of the September 2011 authorization to repurchase $100 million of shares.

There remains about $14 million available for repurchase under the prior authorization.

Expected uses for repurchased shares include, but are not limited to, funding benefit programs including stock options, restricted stock and 401(k) matching. Shares repurchased will be treated as treasury shares until used for such purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter net loss narrowed from last year, as revenue surged 61%. The company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Electronics retailer Best Buy Co. Inc. (BBY), has announced it will retail Apple Watch in its store from next month, making it the first retailer besides Apple Stores to offer the smartwatch that was launched three months ago. Initially, Best Buy will start selling the smartwatch in over 100 stores... Here is a quick summary of the earnings reported after the bell on Jul 27. 1.Del Taco Restaurants, Inc. (TACO, TACOW) Q2 Net income was $4.6 million compared to net loss of $0.1 million a year ago. Q2 Total revenue was $97.6 million, an increase of 7.0% compared to $91.2 million a year ago. *** 2.Plantronics,...
comments powered by Disqus
RELATED NEWS
Trade NDSN now with 
Follow RTT