Icon Launches New $750M Share Buyback

Dow Jones
02-19
ICON plc0.00%盘后

By Paul Ziobro

Icon plc has launched a new buyback program to repurchase up to $750 million of its shares.

The total value of the authorized share repurchase is now up to $1 billion, the healthcare intelligence and clinical research company said Wednesday.

The new buyback program came as the company reported higher earnings for the fourth-quarter, despite a 1.2% drop in revenue. Chief Executive Steve Cutler said results were in-line with expectation as the company navigates a challenging transition.

Write to Paul Ziobro at paul.ziobro@wsj.com

 

(END) Dow Jones Newswires

February 19, 2025 17:16 ET (22:16 GMT)

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