Jacobs Solutions (J) said Tuesday that its board of directors has approved a new incremental share repurchase program for up to $1.5 billion of Jacobs' common stock over a three-year period through Jan. 30, 2028.
The company said it will continue to make repurchases under its previous $1 billion share repurchase program expiring on Jan. 25, 2026 until it is fully utilized before starting repurchases under the new program.
At the end of fiscal Q1, Jacobs said it had $271 million in remaining authorization under the previous share repurchase program.
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