|
Axcelis Announces $100 Million Increase to Share Repurchase Authorization
Thursday, March 20, 2025
BEVERLY, Mass., March 12, 2025 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today that its Board of Directors has approved an additional $100 million in share repurchase authorization. This approval brings the current outstanding repurchase authorization to $215 million.
"Axcelis has maintained a strong cash position supported by solid execution over the past several years. This increased share repurchase authorization reflects our confidence in the attractive long-term fundamentals of our business. We intend to use this authorization to increase the quarterly level of our share repurchase activity going forward, while continuing to maintain a strong balance sheet," said Russell Low, President and Chief Executive Officer.
Any decision to repurchase shares will be subject to market conditions and other factors, including legal and regulatory restrictions and required approvals, up to the aggregate amount authorized by the Board. Repurchases of the Company's common stock may be made from time to time under the SEC's Rule 10b-18. These shares may be purchased in the open market or through privately negotiated transactions. The Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock pursuant to its share repurchase program. The Company has no obligation to repurchase shares under the authorization. The Company may suspend or discontinue the repurchase program at any time.
Safe Harbor Statement
Statements made in this press release that are not of known historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements, which include our plans to execute a share repurchase program, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including the continuing strength of our financial position and ability to make share repurchases, as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the risk factors described in our annual report on Form 10-K for the fiscal year ended December 31, 2024. The Company undertakes no obligation to update the information or statements made in this press release.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
CONTACTS:
Investor Relations Contact:
David Ryzhik
Senior Vice President, Investor Relations and Corporate Strategy
Telephone: (978) 787-2352
Email: David.Ryzhik@axcelis.com
Press/Media Relations Contact:?
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: Maureen.Hart@axcelis.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/axcelis-announces-100-million-increase-to-share-repurchase-authorization-302399471.html
SOURCE Axcelis Technologies, Inc.
|
|
|
|
|
|
 |
4BY4 to Showcase AI Video Solution 'PIXELL' at NAB 2025 with 8K Association | Mar 28, 2025
|
|
Halfpricesoft.com Launches ez1095 ACA Software: Streamline 1095 Efiling | Mar 28, 2025
|
|
SonicWall's Zero Trust Network Access (ZTNA) Solutions Driving Success Tackling 2025's Biggest Cybersecurity Challenges | Mar 28, 2025
|
|
Innovative Control Systems Introduces New AI-Powered License-Plate Recognition Solution | Mar 28, 2025
|
|
AI Demand Fuels Server and Storage Component Revenues to Record $244 Billion in 2024, According to Dell'Oro Group | Mar 28, 2025
|
|
TerraMaster Launches D4-320U Ultra-Short 4-Bay Rackmount USB3.2 10Gbps Expansion Enclosure, Enabling Easy Expansion for NAS and Servers | Mar 28, 2025
|
|
QuickLogic Announces the Amendment and Extension of Credit Facility | Mar 28, 2025
|
|
Crypto4A Technologies Submits PQC-Capable QASM for FIPS 140-3 Level 3 Certification | Mar 28, 2025
|
|
365 Retail Markets Unveils Refreshed 365Pay App, Enhancing User Experience and Streamlining Operations | Mar 28, 2025
|
|
Introducing PDW SIM, a Next-Generation Flight Simulator for Tactical Small Unmanned Aircraft Systems | Mar 28, 2025
|
|
|
|
