NV5 Adopts $100M Share Repurchase Program

NV5 Adopts $100M Share Repurchase Program
  • NV5 Global Inc NVEE Board authorized a share repurchase program of up to $100 million of Class A common stock.
  • "This share repurchase program reflects the confidence that our Board of Directors and management team have in NV5's strong financial position," stated Dickerson Wright, Chairman and CEO of NV5.
  • "Our company's focus remains unchanged, creating a balance between strong organic growth and continued leadership in mergers and acquisitions."
  • NV5 plans to repurchase shares from time to time, depending on several factors, including share price and market conditions.
  • The company held cash and equivalents of $44.4 million as of July 2, 2022.
  • Price Action: NVEE shares are trading lower by 0.60% at $137.84 on the last check Monday.

Posted In: BriefsNewsBuybacks