Babcock & Wilcox Board Authorizes Share Repurchase Program of Up to $50 Million

B&W’s board authorized a share repurchase program of up to $50 million of the company’s outstanding common stock. The announcement is modestly positive for shareholder return expectations, but is unlikely to be large enough to materially move broader markets.

Analysis

B&W’s board authorized a share repurchase program of up to $50 million of the company’s outstanding common stock. The announcement is modestly positive for shareholder return expectations, but is unlikely to be large enough to materially move broader markets.