PTC ANNOUNCES $2 BILLION SHARE REPURCHASE AUTHORIZATION

BOSTON, Nov. 6, 2024 — (PRNewswire) — PTC (NASDAQ: PTC) today announced that its Board of Directors has authorized the repurchase of up to $2 billion worth of PTC common stock through September 30, 2027.

"This repurchase authorization demonstrates the Board's confidence in PTC's ability to drive customer value while enhancing shareholder returns, and supports PTC's capital allocation strategy," said Janice Chaffin, Chair of the Board.

"PTC intends to repurchase approximately $300 million of our common stock in fiscal 2025, beginning in our first quarter, as we balance debt paydown with returning capital to shareholders. Our long-term goal remains to return approximately 50% of our free cash flow to shareholders via share repurchases, while also taking into consideration the interest rate environment and strategic opportunities," said Kristian Talvitie, CFO.

PTC expects to make such repurchases through open market purchases, including under Rule 10b5-1 plans, and may repurchase shares through other methods as well.

The specific timing and amount of repurchases will depend on a number of factors, including PTC's free cash flow, general business and economic conditions, alternative investment opportunities, PTC's stock price, and other considerations. The repurchase authorization may be extended, suspended, or discontinued at any time without prior notice and does not obligate us to repurchase any particular amount of common stock in any particular period.

About PTC (NASDAQ: PTC)

PTC (NASDAQ: PTC) is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 25,000 customers globally. For more information, please visit www.ptc.com.

PTC.com    @PTC    Blogs

PTC Investor Relations Contact
Matt Shimao
SVP, Investor Relations
Email Contact
Email Contact

PTC Media Contact 
Greg Payne
Email Contact

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ptc-announces-2-billion-share-repurchase-authorization-302297960.html

SOURCE PTC Inc.

Contact:
Company Name: PTC Inc.
Financial data for PTC Inc.


Featured Video
Editorial
Jobs
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise