Nanometrics Announces $50 Million Share Repurchase Program
NANOMETRICS (NANO)
Last nanometrics earnings: 7/30 04:05 pm
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US:NASDAQ Investor Relations:
investor.nanometrics.com/investor-relations
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Source: GlobeNewswire
MILPITAS, Calif., Nov. 15, 2017 (GLOBE NEWSWIRE) -- 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 $50 million of the company’s common stock. “Nanometrics’ management team and board of directors firmly believe in our long-term growth prospects. We are also committed to efficient capital allocation, as demonstrated today with this significant stock repurchase authorization,” commented Bruce C. Rhine, chairman of the board of Nanometrics. “We intend to utilize our healthy balance sheet and the ability to generate free cash flow, given our outlook for revenue growth, to repurchase up to $50 million of the company’s common stock. We believe the company has the financial position to invest for future growth, as well as fund this stock repurchase program, which we believe will create further value for our stockholders.” This $50 million program is effective
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