Xylem Inc. has announced that its Board of Directors has authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company’s President and CEO, Matthew Pine, stated that this authorization reflects confidence in Xylem’s strategy and ability to generate strong cash flow, while maintaining a balanced approach to capital allocation. Xylem expects to be opportunistic in its repurchases, prioritizing investments for growth and maintaining financial flexibility.
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Xylem Inc. Announces $1.5 Billion Share Repurchase Authorization
Xylem Inc. has announced that its Board of Directors has authorized a new share repurchase program of up to $1.5 billion, effective immediately. The company’s President and CEO, Matthew Pine, stated that this authorization reflects confidence in Xylem’s strategy and ability to generate strong cash flow, while maintaining a balanced approach to capital allocation. Xylem expects to be opportunistic in its repurchases, prioritizing investments for growth and maintaining financial flexibility.