(RTTNews) - Qnity Electronics, Inc.(Q) announced on Thursday that its board has authorized a program to repurchase up to $500 million of shares.
"This authorization reflects the company's commitment to maintaining a balanced, returns-focused capital allocation framework and enhancing long-term shareholder value," the company said.
Looking ahead, for the full year, Qnity Electronics expects a rise in earnings and revenue.
For fiscal 2026, the company anticipates adjusted income of $3.55 to $3.95 per share, with adjusted operating EBITDA of $1.465 billion to $1.575 billion, on sales of $4.97 billion to $5.17 billion.
For fiscal 2025, Qnity Electronics has reported adjusted income of $3.35 per share, with adjusted operating EBITDA of $1.441 billion, on sales of $4.754 billion.
Q was trading up by 1.94% at $122.21 in the pre-market trade on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
