Flowco Holdings Inc. Announces Expansion of Share Repurchase Program
Flowco Holdings' board approved a $150 million increase to its share repurchase program, lifting the total authorization to $200 million of Class A common stock with no expiration date. The company had repurchased roughly $31.5 million under the existing program before the increase. Management framed the move as a signal of confidence in free cash flow generation, the balance sheet, and the dividend.
Key figures
- Buyback increase
- $150 million
- Repurchased to date
- $31.5 million
- Total authorization
- $200 million
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