Trimble Inc. (TRMB), a technology company, on Friday announced that its Board has authorized a new stock repurchase program of up to $1 billion.
The authorization provides flexibility for the company to buyback shares over time with no expiration.
The new program replaces and cancels the prior $1 billion authorization, which had $273 million remaining at the end of the third quarter of 2025.
The repurchase reflects the company's updated capital-allocation priorities as it continues to manage shareholder returns and long-term strategic initiatives.
In the pre-market trading, Trimble is 1.37% higher at $83.43 on the Nasdaq.
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