SCI Engineered Materials, Inc. announced its Board of Directors has authorized a share repurchase program of up to $1 million of the Company's common stock.
The repurchase program is set to begin on December 1, 2025, and is authorized for up to one year.
SCI shareholders interested in participating in the program can contact Mr. Joe Raymond of Caldwell Sutter Capital, Inc., the Company's agent, starting from December 1, 2025.
Share Repurchase Program Authorization
SCI's Board of Directors authorized the repurchase of up to $1 million of the Company's common stock for one year, starting on December 1, 2025.
Capital Allocation Policy
The share repurchase program is in line with SCI's capital allocation policy, prioritizing investments for long-term financial performance and shareholder value.
- The share repurchase program demonstrates the Company's confidence in its growth strategy and commitment to enhancing shareholder value.
- By utilizing the authorized $1 million for share repurchases, SCI aims to improve liquidity and focus on initiatives that maximize capital efficiency.
SCI's announcement of the share repurchase program aligns with its strategic goals of strengthening financial performance and enhancing shareholder value. The Company's dedication to efficient capital utilization reflects its commitment to sustainable growth and investor satisfaction.