YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The O’Reilly Automotive Inc. (Nasdaq: ORLY) Board of Directors authorized the company to buy back another $1 billion worth of its shares.
The latest authorization brings the total for O’Reilly Automotive’s share repurchase program up to $12.8 billion. The latest $1 billion authorization is effective for three years starting May 31, according to a news release.
Through March 31, O’Reilly Automotive had bought back 73.2 million shares through the plan that began in January 2011. The company spent about $11 billion on the shares, including a $322 million investment in the first quarter, according to the company’s earnings report released in April.
The latest $1 billion authorization adds to the roughly $680 million that was available under the plan at the end of the first quarter.
ORLY shares were trading at $378.07 as of 10 a.m., compared with a 52-week range of $270.97 to $414.63.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
Longtime employee sues Ozarks Tech, alleges retaliation
Cavender’s opens hat shop in southeast Springfield
Eric Schmitt introduces Modern Skies Act
Caterpillar to acquire John Fabick Tractor Co.
Springfield airport to cut the ribbon on $35M in construction projects
Legacy Bank accused in lawsuit of failing to protect customers in data breach
