Align Technology Inc.
Align Technology Announces $275 Million Stock Repurchase Plan
Summary
Align Technology, Inc. announced a plan to repurchase $275 million of its common stock through open market repurchases under its $1.0 billion stock repurchase program, reflecting the strength of its balance sheet and confidence in future growth. The repurchases, executed under a Rule 10b5-1 trading plan, are expected to be completed by the end of January 2025 and will be funded with existing cash reserves. This move is intended to provide value back to shareholders.
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About Align Technology Inc.
Align Technology Inc. is a global medical device company known for its innovative approach to designing and manufacturing products for the orthodontics market. The company's primary offerings include clear aligners, represented by the well-known Invisalign brand, which provide an alternative to traditional metal braces. Align Technology also offers iTero intraoral scanners, promoting advancements in digital dentistry by enabling precise 3D scans of patients' mouths. Serving the dental and orthodontic fields, the company impacts these industries by integrating technology with patient care. Align Technology's products are utilized in dental practices worldwide, focusing on enhancing the comfort and convenience of orthodontic treatments. Headquartered in San Jose, California, the company's contributions are significant in the realm of orthodontics, driving a shift toward digitally-supported, patient-friendly solutions.
Official SEC Documents
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