KVH Announces Purchase and Sales Agreements for Rhode Island Office and Factory, Approval for Share Buyback Program
KVH Industries, Inc. (KVHI)
Last kvh industries, inc. earnings: 5/1 07:00 am
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Source: GlobeNewswire
MIDDLETOWN, R.I., Dec. 11, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (Nasdaq: KVHI), announced that it has entered into purchase and sale agreements for its Rhode Island office and factory. In addition, KVH announced that its Board of Directors has authorized a share repurchase program with an aggregate purchase price of up to $10 million. “We expect that the sale of our Rhode Island facilities will provide us with approximately $12 million, net of transaction costs, for working capital and potential strategic opportunities while also allowing us to move to a new facility better suited to our future needs,” says Brent Bruun, KVH’s chief executive officer. “The Board’s authorization of a share repurchase program also underscores our commitment to the Company’s shareholders. It reflects our confidence in the company’s strategy, strong balance sheet, and ability to leverage the strategic opportunities that lie ahead to build long-term value.” On December 5, 2024, KVH entered into
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KVHI
Sec Filings
- 12/18/24 - Form 4
- 12/10/24 - Form 8-K
- 11/13/24 - Form SC
- KVHI's page on the SEC website