Pine said Xylem’s financial position allows it to invest in organic and inorganic growth while returning capital to shareholders. He said the company remains confident in its opportunities and will deploy capital with discipline to support long-term growth and shareholder value.
Xylem Authorizes Share Buyback Program of Up to $1.5 Billion
Xylem’s board has authorized a new stock repurchase program of up to $1.5 billion, effective immediately, the water solutions company said Friday. The authorization gives the company another way to return capital to shareholders while pursuing growth, Chief Executive Matthew Pine said.
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