Itron Inc. (ITRI: Quote) Friday said it has authorized a new share repurchase program of up to $50 million during the next twelve months.
In February, the company completed its previously announced repurchase program by purchasing about 2 million shares for $77 million.
“While we are significantly investing in our future, we are also pleased that our strong financial profile allows us the opportunity to repurchase shares,” said Philip Mezey, president and chief executive officer of Itron.
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by RTT Staff Writer
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