2023-03-20 08:43:00 ET
- PFSweb ( NASDAQ: PFSW ) has announced that its board of directors has authorized a share repurchase program, under which the Co. may purchase up to an aggregate of 1M shares of its common stock.
- The program will be in place for up to two years and the shares may be purchased from time to time in the open market or in privately negotiated transactions.
- The Co. intends to fund any purchases with existing cash balances and/or cash flow from operations.
- "Our share repurchase program reflects our confidence in our long-term growth trajectory and market opportunity, along with our previously disclosed strong start to the 2023 calendar year, which I do not believe is appropriately reflected in our current valuation,” said Mike Willoughby, CEO of PFSweb.
For further details see:
PFSweb board authorizes 1M share repurchase program