Axcelis Announces $100 Million Increase to Share Repurchase Authorization
Axcelis Technologies (ACLS) has announced a significant expansion of its share repurchase program, with its Board of Directors approving an additional $100 million in share repurchase authorization. This increase brings the total outstanding repurchase authorization to $215 million.
The company plans to increase its quarterly share repurchase activity while maintaining a strong balance sheet. The repurchases may be executed through open market or privately negotiated transactions under SEC's Rule 10b-18, with the possibility of implementing Rule 10b5-1 trading plans. President and CEO Russell Low attributed this decision to the company's strong cash position and solid execution, expressing confidence in their long-term business fundamentals.
The program remains flexible, as Axcelis has no obligation to repurchase shares and may suspend or discontinue the program at any time, subject to market conditions and other factors.
Axcelis Technologies (ACLS) ha annunciato un'importante espansione del suo programma di riacquisto di azioni, con il Consiglio di Amministrazione che ha approvato un ulteriore 100 milioni di dollari in autorizzazione per il riacquisto di azioni. Questo aumento porta il totale dell'autorizzazione al riacquisto a 215 milioni di dollari.
L'azienda prevede di aumentare la propria attività di riacquisto di azioni trimestrale, mantenendo al contempo un bilancio solido. I riacquisti possono essere effettuati attraverso transazioni di mercato aperto o negoziate privatamente secondo la Regola 10b-18 della SEC, con la possibilità di implementare piani di trading secondo la Regola 10b5-1. Il Presidente e CEO Russell Low ha attribuito questa decisione alla solida posizione di cassa dell'azienda e all'eccellente esecuzione, esprimendo fiducia nei fondamentali aziendali a lungo termine.
Il programma rimane flessibile, poiché Axcelis non ha alcun obbligo di riacquistare azioni e può sospendere o interrompere il programma in qualsiasi momento, in base alle condizioni di mercato e ad altri fattori.
Axcelis Technologies (ACLS) ha anunciado una expansión significativa de su programa de recompra de acciones, con la aprobación de su Junta Directiva de un adicional de 100 millones de dólares en autorización para la recompra de acciones. Este aumento eleva el total de la autorización de recompra a 215 millones de dólares.
La empresa planea aumentar su actividad de recompra de acciones trimestralmente, manteniendo un balance sólido. Las recompras pueden ejecutarse a través de transacciones en el mercado abierto o negociadas privadamente bajo la Regla 10b-18 de la SEC, con la posibilidad de implementar planes de negociación de la Regla 10b5-1. El Presidente y CEO Russell Low atribuyó esta decisión a la sólida posición de efectivo de la empresa y a una ejecución sólida, expresando confianza en los fundamentos comerciales a largo plazo.
El programa se mantiene flexible, ya que Axcelis no tiene obligación de recomprar acciones y puede suspender o interrumpir el programa en cualquier momento, sujeto a las condiciones del mercado y otros factores.
Axcelis Technologies (ACLS)는 이사회가 1억 달러의 추가 주식 매입 승인을 승인함으로써 주식 매입 프로그램의 중요한 확장을 발표했습니다. 이 증가는 총 주식 매입 승인을 2억 1천5백만 달러로 늘립니다.
회사는 강력한 재무 상태를 유지하면서 분기별 주식 매입 활동을 늘릴 계획입니다. 매입은 SEC의 10b-18 규칙에 따라 공개 시장 또는 개인적으로 협상된 거래를 통해 수행될 수 있으며, 10b5-1 거래 계획을 시행할 가능성도 있습니다. 사장 겸 CEO 러셀 로우는 이 결정을 회사의 강력한 현금 위치와 견고한 실행에 기인한다고 설명하며, 장기적인 사업 기본에 대한 자신감을 표현했습니다.
이 프로그램은 유연성을 유지하며, Axcelis는 주식을 매입할 의무가 없으며 시장 상황 및 기타 요인에 따라 언제든지 프로그램을 중단하거나 종료할 수 있습니다.
Axcelis Technologies (ACLS) a annoncé une expansion significative de son programme de rachat d'actions, avec l'approbation par son conseil d'administration d'une autorisation de rachat supplémentaire de 100 millions de dollars. Cette augmentation porte le total de l'autorisation de rachat à 215 millions de dollars.
L'entreprise prévoit d'augmenter son activité de rachat d'actions trimestrielle tout en maintenant un bilan solide. Les rachats peuvent être effectués par le biais de transactions sur le marché ouvert ou négociées de manière privée conformément à la règle 10b-18 de la SEC, avec la possibilité de mettre en œuvre des plans de négociation selon la règle 10b5-1. Le président et CEO Russell Low a attribué cette décision à la solide position de trésorerie de l'entreprise et à une exécution solide, exprimant sa confiance dans les fondamentaux commerciaux à long terme.
Le programme reste flexible, Axcelis n'ayant aucune obligation de racheter des actions et pouvant suspendre ou interrompre le programme à tout moment, en fonction des conditions du marché et d'autres facteurs.
Axcelis Technologies (ACLS) hat eine bedeutende Erweiterung seines Aktienrückkaufprogramms angekündigt, wobei der Vorstand zusätzlich 100 Millionen Dollar zur Genehmigung des Aktienrückkaufs genehmigt hat. Diese Erhöhung bringt die gesamte Genehmigung zum Rückkauf auf 215 Millionen Dollar.
Das Unternehmen plant, seine vierteljährliche Rückkaufaktivität zu steigern und gleichzeitig eine starke Bilanz aufrechtzuerhalten. Die Rückkäufe können über den offenen Markt oder privat ausgehandelte Transaktionen gemäß der SEC-Regel 10b-18 durchgeführt werden, mit der Möglichkeit, Handelspläne gemäß Regel 10b5-1 umzusetzen. Präsident und CEO Russell Low führte diese Entscheidung auf die starke Liquiditätslage des Unternehmens und die solide Ausführung zurück und äußerte Vertrauen in die langfristigen Geschäftsfundamentals.
Das Programm bleibt flexibel, da Axcelis keine Verpflichtung hat, Aktien zurückzukaufen, und das Programm jederzeit aussetzen oder einstellen kann, abhängig von den Marktbedingungen und anderen Faktoren.
- Additional $100 million share repurchase authorization, bringing total to $215 million
- Strong cash position maintained through solid execution
- Planned increase in quarterly share repurchase activity
- Management's confidence in long-term business fundamentals
- Program execution subject to market conditions and regulatory restrictions
- No guarantee of complete program execution as company can suspend/discontinue at any time
Insights
Axcelis Technologies' $100 million increase to its share repurchase program represents a significant capital allocation decision that signals strong management confidence. This brings the total authorization to $215 million, approximately
The increased authorization delivers multiple benefits to shareholders. First, accelerated share repurchases will likely reduce the outstanding share count, potentially increasing earnings per share and supporting the stock price by creating consistent buying pressure. Second, management's explicit commitment to "increase the quarterly level of share repurchase activity" provides concrete evidence of their intention to execute rather than merely authorize.
CEO Russell Low's statement connecting this decision to Axcelis' "strong cash position" and "solid execution" indicates the business has accumulated significant financial resources exceeding near-term operational needs. For a company in the cyclical semiconductor equipment industry, maintaining this level of financial strength while simultaneously returning capital to shareholders demonstrates exceptional balance sheet management.
The decision to accelerate buybacks rather than pursue acquisitions or increase R&D suggests management believes the company's current share price represents better value than alternative capital deployments - essentially an internal investment in their existing business at what they perceive as an attractive valuation.
"Axcelis has maintained a strong cash position supported by solid execution over the past several years. This increased share repurchase authorization reflects our confidence in the attractive long-term fundamentals of our business. We intend to use this authorization to increase the quarterly level of our share repurchase activity going forward, while continuing to maintain a strong balance sheet," said Russell Low, President and Chief Executive Officer.
Any decision to repurchase shares will be subject to market conditions and other factors, including legal and regulatory restrictions and required approvals, up to the aggregate amount authorized by the Board. Repurchases of the Company's common stock may be made from time to time under the SEC's Rule 10b-18. These shares may be purchased in the open market or through privately negotiated transactions. The Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock pursuant to its share repurchase program. The Company has no obligation to repurchase shares under the authorization. The Company may suspend or discontinue the repurchase program at any time.
Safe Harbor Statement
Statements made in this press release that are not of known historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements, which include our plans to execute a share repurchase program, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including the continuing strength of our financial position and ability to make share repurchases, as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the risk factors described in our annual report on Form 10-K for the fiscal year ended December 31, 2024. The Company undertakes no obligation to update the information or statements made in this press release.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in
CONTACTS:
Investor Relations Contact:
David Ryzhik
Senior Vice President, Investor Relations and Corporate Strategy
Telephone: (978) 787-2352
Email: David.Ryzhik@axcelis.com
Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: Maureen.Hart@axcelis.com
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SOURCE Axcelis Technologies, Inc.
FAQ
How much did Axcelis Technologies (ACLS) increase its share buyback program by in March 2025?
What methods will ACLS use to execute its share repurchase program?
Why did Axcelis Technologies announce this share buyback increase?
Is ACLS obligated to complete the full $215 million share repurchase program?
How will ACLS implement the new share repurchase program?
