Icon Launches New $750M Share Buyback

Dow Jones

02-20

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Chief Executive Steve Cutler said results were in-line with expectation as the company navigates a challenging transition. \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 17:16 ET (22:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":1}}}