YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The O’Reilly Automotive Inc. (Nasdaq: ORLY) Board of Directors authorized the company to buy back another $1 billion worth of its shares.
The latest authorization brings the total for O’Reilly Automotive’s share repurchase program up to $12.8 billion. The latest $1 billion authorization is effective for three years starting May 31, according to a news release.
Through March 31, O’Reilly Automotive had bought back 73.2 million shares through the plan that began in January 2011. The company spent about $11 billion on the shares, including a $322 million investment in the first quarter, according to the company’s earnings report released in April.
The latest $1 billion authorization adds to the roughly $680 million that was available under the plan at the end of the first quarter.
ORLY shares were trading at $378.07 as of 10 a.m., compared with a 52-week range of $270.97 to $414.63.
Missouri State University’s science building, built in 1971 and formerly called Temple Hall, is being reconstructed and updated.
