The Company announced that on February 4, 2025, its Board of Directors authorized the repurchase of up to $1 billion of shares of the Company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions or otherwise, in accordance with applicable securities laws. The new $1 billion share repurchase authorization announced replaces the existing authorization, which was set to expire on January 29, 2026, and which had $409 million remaining.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FBIN:
- Fortune Brands Innovations sees FY25 $4.15-$4.45, consensus $4.50
- Fortune Brands Innovations reports Q4 EPS 98c, consensus $1.05
- FBIN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Fortune Brands Innovations Announces Restructuring and Leadership Changes
- Fortune Brands Innovations to consolidate U.S. regional offices