Flowco Holdings Inc. announced on June 12, 2025, that its Board of Directors authorized a stock repurchase program for up to $50 million of the Company’s Class A common stock. This program allows Flowco to repurchase shares opportunistically. Purchases may be made in open-market transactions, privately negotiated transactions, or by other means.
Joe Bob Edwards, President and Chief Executive Officer of Flowco, commented that the approval reflects shared confidence in Flowco’s long-term value. He emphasized the strength of the company's business model, financial profile, and growth outlook. This initiative underscores management's commitment to returning value to shareholders.
The company stated that with strong free cash flow and a healthy balance sheet, it possesses the flexibility to execute repurchases without compromising its ability to invest in growth or sustain its dividend. The timing and number of shares repurchased will depend on various factors, including price, trading volume, market conditions, and corporate and regulatory requirements. The program does not obligate the company to repurchase any particular amount of shares and may be modified or discontinued at any time.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.