3D printing specialist Stratasys has announced a share buyback programme worth up to USD 50 million. This measure is part of a broader strategy to increase shareholder value and optimise the company’s financial structure.
Dr Yoav Zeif, CEO of Stratasys, explains the background: ‘We are focused on generating significantly higher profits and cash flows by increasing sales, optimising costs and investing in growth initiatives.’ The buyback programme reflects the Board’s confidence in the company’s strategy and ability to achieve long-term profitable growth.
The programme is part of a series of strategic actions Stratasys is taking to increase shareholder value. It builds on a previously announced restructuring plan aimed at maintaining market leadership and better adapting to evolving market conditions.
The restructuring measures are expected to deliver annual cost savings of around USD 40 million from the first quarter of 2025. This includes reducing the workforce by around 15% by the end of the year and focussing the sales strategy on products, materials and software solutions with the highest growth potential.
Stratasys is also working on operational improvements, efficiencies and asset optimisation, including the monetisation of idle assets to further strengthen the balance sheet and drive cash generation.
The actual timing, number and value of shares repurchased will depend on various factors, including the market price of the common stock, general market and economic conditions, and the company’s financial results and liquidity. Stratasys plans to fund the repurchases with existing cash on hand and current cash flows.
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