Business · Companies · 3 hrs ago
DXP Enterprises authorizes new share repurchase program
DXP Enterprises has authorized a new share buyback program for its common stock.
The company may buy back up to $150 million or 1 million shares over the next 24 months.
A buyback means a company purchases its own shares, either on the open market or through private deals.
The new program follows an earlier plan that allowed up to $85 million or 2.5 million shares to be repurchased and ended in August 2026.
The new authorization gives management the option to buy shares, but does not guarantee how many will be bought.
Management can stop purchases at any time if it decides they are no longer warranted.
DXP Enterprises said its board authorized a new share repurchase program.
The company may buy back up to $150 million or 1 million shares of its outstanding common stock.
Purchases may take place over the next 24 months through open-market or privately negotiated transactions.
The previous program, which authorized up to $85 million or 2.5 million shares, concluded in August 2026.
DXP said the number of shares repurchased is not guaranteed and the program may be discontinued at management’s discretion.
- Who
- DXP Enterprises, Inc.
- What
- Its board authorized a new stock repurchase program of up to $150 million or 1 million shares.
- When
- The announcement was published on October 28, 2026. The repurchase period is the next 24 months.
- Where
- Houston, Texas, is given as the location in the announcement.
- Why
- Not stated
This story does not have two clearly opposing sides.
DXP Enterprises’ previous stock repurchase program concluded.
DXP Enterprises announced that its board had authorized a new stock repurchase program.
- Maximum repurchase value
- $150.0 million
- Maximum shares
- 1.0 million
- Repurchase period
- 24 months
- Previous program limit
- $85.0 million or 2.5 million shares
- Previous program end
- August 2026