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Thermon Announces Inaugural $50 Million Share Repurchase Program

Thermon Announces Inaugural $50 Million Share Repurchase Program

Thermon宣布首个5000万美元股票回购计划
Thermon ·  03/15 07:00

AUSTIN, TX / ACCESSWIRE / March 15, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $50 million of Thermon's outstanding shares of common stock through March 15, 2027 (the "Repurchase Program").

德克萨斯州奥斯汀/ACCESSWIRE/2024年3月15日/工业过程加热解决方案领域的全球领导者赛蒙集团控股有限公司(纽约证券交易所代码:THR)(“Thermon” 或 “公司”)今天宣布,其董事会(“董事会”)已批准在2027年3月15日之前回购高达5000万美元的Thermon已发行普通股(“回购计划”)。

Bruce Thames, Thermon's President and Chief Executive Officer, commented, "Today's authorization of Thermon's inaugural Repurchase Program underscores the Board's confidence in our long-term strategy and growth trajectory, as we continue our transformative journey to becoming the world leader in industrial process heating. Our disciplined capital allocation program is a key pillar of our strategy, and this Repurchase Program is being established to offset dilution as an integral part of that framework. The strength of our balance sheet gives us significant optionality to invest organically, inorganically, as evidenced by our recent acquisition of Vapor Power, or through this Repurchase Program. The Repurchase Program will also provide the flexibility to repurchase shares opportunistically. Today's announcement reflects Thermon's commitment to effectively deploy capital to create long-term value for our stockholders."

Thermon总裁兼首席执行官布鲁斯·泰姆斯评论说:“今天对Thermon首个回购计划的批准凸显了董事会对我们的长期战略和增长轨迹的信心,因为我们将继续我们的变革之旅,成为工业过程加热领域的全球领导者。我们严格的资本配置计划是我们战略的关键支柱,该回购计划的制定是为了抵消稀释,这是该框架不可分割的一部分。我们的资产负债表强劲为我们提供了大量的有机无机投资选择,我们最近对Vapor Power的收购或本次回购计划就证明了这一点。回购计划还将为机会性地回购股票提供灵活性。今天的公告反映了Thermon致力于有效部署资金,为我们的股东创造长期价值。”

The timing and amount of any share repurchases will be determined by the Company at its discretion based on ongoing evaluation of general market conditions, the market price of Thermon's common stock, the Company's capital needs, and other factors. Under the authorization, share repurchases may be made through a variety of methods, which may include open market or privately negotiated transactions, including accelerated repurchase transactions, block trades, or trading plans intended to comply with SEC Rule 10b5-1. The Repurchase Program does not obligate Thermon to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion.

任何股票回购的时间和金额将由公司根据对总体市场状况、Thermon普通股的市场价格、公司的资本需求和其他因素的持续评估自行决定。根据授权,股票回购可以通过多种方法进行,其中可能包括公开市场或私下协商的交易,包括加速回购交易、大宗交易或旨在遵守美国证券交易委员会规则10b5-1的交易计划。回购计划不要求Thermon收购任何特定数量的普通股,公司可以随时自行决定暂停或终止该计划。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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