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Stock impact report

Nanometrics Announces $80 Million Share Repurchase Program

NANOMETRICS (NANO) 
Last nanometrics earnings: 7/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nanometrics.com/investor-relations
Company Research Source: Business Wire
MILPITAS, Calif.--(BUSINESS WIRE)-- Nanometrics Incorporated (NASDAQ: NANO), a leading provider of advanced process control systems, today announced that its board of directors has authorized the repurchase of up to $80 million of the company’s common stock. “Nanometrics’ management team and board of directors are confident in the company’s future growth prospects and are also committed to returning capital to our stockholders,” commented Bruce C. Rhine, chairman of the board of Nanometrics. “We continue to have a strong balance sheet and have generated $96 million in free cash flows over the past year. We believe the company has the financial position to invest for future growth, as well as fund this $80 million stock repurchase program. Following up on the prior $50 million plan, which was completed early in 2018, we believe the stock repurchases will create further value for our stockholders.” Show less Read more
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