Benchmark Electronics to buy back $100M in stock
Benchmark Electronics authorizes second $100 million stock buyback since 2008
Benchmark Electronics, which makes components for medical devices, computers, gauges and control gear, said Thursday that it will repurchase $100 million of its stock.
The new program is in addition to the current share buyback of $100 million authorized in 2008.
The company has bought 632,400 shares for $12 million this year and has $38 million remaining under the 2008 repurchase program.
Benchmark shares fell 10 cents to $20.16 in Thursday afternoon trading.
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