II-VI Inc. (IIVI) Thursday said it will buy back $25 million shares. Shares purchased by the company will be retained as treasury stock and will be available for general corporate purposes.
The company expects the repurchase of shares to at least partially offset the dilutive effect of the issuance of shares from the company's omnibus incentive plan. The company will finance the repurchases from cash-on-hand and amounts available under its existing credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.