ST. LOUIS, MO (STL.News) Aegion Corporation’s (Nasdaq Global Select Market: AEGN) Board of Directors authorized a program to repurchase up to two million shares of the Company’s common stock in open market transactions. The Board of Directors’ authorization does not have a fixed expiration date. The Company is currently executing a repurchase program that will expire upon the Company’s repurchase of two million shares of Company common stock under that program. Through November 30, 2019, the Company had repurchased nearly 1.5 million shares through the existing program.
Charles R. Gordon, Aegion’s President and CEO, said, “Over the last five years, Aegion has repurchased more than 7.5 million shares and returned nearly $150 million to stockholders through open market share repurchases. This approval underpins Aegion’s expectations for continued strong cash flow generation and our sustained commitment to returning cash to stockholders.”