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EXPO - Exponent raises share repurchase authorization by $150M
Exponent Inc.
Exponent (NASDAQ:EXPO) said its board approved a $150M expansion of its share repurchase program, adding to the $29.5M that remains available under the current repurchase authorization. In total, EXPO now has ~$179.5M available to repurchase shares. EXPO has repurchased $38.9M of stock in 2022. Earlier this month, the company had reported better-than-expected Q4 earnings and declared a 20% increase in its quarterly dividend.