Curtiss-Wright (CW) announced a $100M expansion of its 2024 share repurchase program, which it expects to complete via a 10b5-1 program by the end of the year. This program will be conducted in concurrence with the existing $50m share repurchase program being executed this year, and follows the recent completion of a $100M opportunistic program that was executed in the third quarter. As a result, the company now expects annual share repurchases of $250M in 2024. Beginning in January 2025, the company also expects to repurchase $60M in shares via a 10b5-1 program, an increase from the prior $50M annual plan, which is expected to offset potential dilution from compensation plans.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CW:
- Curtiss-Wright initiated with a Buy at Deutsche Bank
- Curtiss-Wright downgraded to Hold from Buy at Stifel
- Curtiss-Wright Announces Leadership Transition with McDonald
- Curtiss-Wright general counsel Paul Ferdenzi retires, George McDonald succeeds
- Curtiss-Wright price target raised to $395 from $334 at Morgan Stanley