Align Technology Inc.
Align Technology Announces New $1 Billion Stock Repurchase Program
Summary
Align Technology, Inc. announced that its Board of Directors has authorized a new stock repurchase program under which the Company may purchase up to $1.0 billion of its common stock over the next three years. This authorization follows the completion of the prior $1 billion repurchase program. The company's strong balance sheet and confidence in its growth trajectory underpin this decision. As of March 31, 2025, Align had approximately 73.1 million shares outstanding and $873.0 million in cash and cash equivalents.
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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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