DT Industries authorizes stock repurchase program

The board of directors for DT Industries has authorized a program to repurchase, from time to time, an amount of its common stock up to a total of 1 million shares. The repurchases may be made on the open market or in negotiated or other permissible transactions.

As of March 29, there were 11,360,362 shares of common stock outstanding.

"Our investment in DT Industries' common stock reflects our overall confidence in the company's future and our commitment to enhancing shareholder value," said Steven Gore, president and chief executive officer of DT Industries. "Because we believe our stock is undervalued, an investment in our common stock reflects an advantageous use of the company's available funds."

DT Industries Inc. is a designer, manufacturer and integrator of automated production systems used to assemble, test or package industrial and consumer products.