Nautilus, Inc. Increases Share Repurchase Program by $15 Million
Nautilus, Inc. (NLS)
Last nautilus, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
VANCOUVER, Wash.--(BUSINESS WIRE)-- Nautilus, Inc. (NYSE:NLS) today announced that its Board of Directors approved an additional $15 million share repurchase program, bringing the total authorization under existing programs to $30 million. The Company has completed approximately $3.0 million in total share repurchases under the $15 million program announced in May 2017. The balance of $12.0 million under that program may be repurchased from time to time through April 25, 2019. Shares may be repurchased under the new $15 million program from time to time through February 21, 2020. Repurchases under the Company’s programs may be made in open market transactions at prevailing prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The timing, number and value of shares repurchased under the programs will depend on a number of factors, including the market price of Naut
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