Dril-Quip (DRQ) Announces New $100M Stock Repurchase Program

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Go back to Dril-Quip (DRQ) Announces New $100M Stock Repurchase Program

Dril-Quip Announces New Stock Repurchase Program

February 26, 2019 5:24 PM EST

HOUSTON, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Dril-Quip, Inc. (NYSE: DRQ) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $100 million of its outstanding common stock. The repurchase program has no set expiration date. Repurchases under the program will be made through open market purchases, privately negotiated transactions or plans, instructions or contracts established under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The manner, timing and amount of any purchase will be determined by management based on... More