{"id":847305,"date":"2025-05-06T09:58:51","date_gmt":"2025-05-06T13:58:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/align-technology-announces-new-1-billion-stock-repurchase-program\/"},"modified":"2025-05-06T09:58:51","modified_gmt":"2025-05-06T13:58:51","slug":"align-technology-announces-new-1-billion-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/align-technology-announces-new-1-billion-stock-repurchase-program\/","title":{"rendered":"Align Technology Announces New $1 Billion Stock Repurchase Program"},"content":{"rendered":"

<\/p>\n

Align Technology Announces New $1 Billion Stock Repurchase Program<\/b><\/p>\n

TEMPE, Ariz. & NEW YORK–(BUSINESS WIRE<\/a>)–
\nAlign Technology, Inc. (\u201cAlign\u201d) (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign\u00ae <\/sup>System of clear aligners, iTero\u2122 intraoral scanners, and exocad\u2122 CAD\/CAM software for digital orthodontics and restorative dentistry, today announced that its Board of Directors has authorized a new stock repurchase program. Under the new program, Align may purchase up to $1.0 billion of its common stock over the next three years. The company\u2019s prior $1 billion authorization approved in January 2023 was completed on May 1, 2025 (with settlement on May 2, 2025).\n<\/p>\n

\n\u201cWe are pleased to announce that our Board of Directors has authorized a new $1 billion stock repurchase program to succeed the former $1 billion program. This new $1 billion program reflects the strength of our balance sheet and cash flow generation, as well as management\u2019s and our Board’s continued confidence in our ability to capitalize on large market opportunities in our target markets and trajectory for growth,\u201d said John Morici, Align CFO and executive vice president, global finance. \u201cReturning capital to our shareholders through stock repurchase programs while simultaneously investing in our strategic growth drivers, is consistent with our capital allocation strategy and commitment to increasing shareholder value.\u201d\n<\/p>\n

\nAs of March 31, 2025, Align had approximately 73.1 million shares outstanding and $873.0 million in cash and cash equivalents.\n<\/p>\n

About Align Technology, Inc.<\/span><\/b><\/p>\n

\nAlign Technology designs and manufactures the Invisalign\u00ae System, the most advanced clear aligner system in the world, iTero\u2122 intraoral scanners and services, and exocad\u2122 CAD\/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 281.4 thousand doctor customers and are key to accessing Align\u2019s 600 million consumer market opportunity worldwide. Over the past 28 years, Align has helped doctors treat over 20.1 million patients with the Invisalign System and is driving the evolution in digital dentistry through the Align\u2122 Digital Platform, our integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab\/partners. Visit www.aligntech.com<\/a> for more information.\n<\/p>\n

\nFor additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com<\/a>. For additional information about the iTero digital scanning system, please visit www.itero.com<\/a>. For additional information about exocad dental CAD\/CAM offerings and a list of exocad reseller partners, please visit www.exocad.com<\/a>.\n<\/p>\n

\nInvisalign, iTero, exocad, Align, Align Digital Platform and iTero Lumina are trademarks of Align Technology, Inc.\n<\/p>\n

Forward-Looking Statements<\/span><\/b><\/p>\n

\nThis news release contains forward-looking statements including statements regarding our confidence in our products and ability to capitalize on market opportunities, that the repurchases will provide value to our shareholders, as well as other statements regarding the stock repurchases program along with our confidence in our business model. Forward-looking statements contained in this news release relating to expectations about future events or results are based upon information available to Align as of the date hereof. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. As a result, actual results may differ materially and adversely from those expressed in any forward-looking statement.\n<\/p>\n

\nThe foregoing and other risks are detailed from time to time in our periodic reports filed with the Securities and Exchange Commission (\u201cSEC\u201d), including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on February 28, 2025. Align undertakes no obligation to revise or update publicly any forward-looking statements for any reason.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250506339564\/en\/<\/a><\/span><\/p>\n

Align Technology
\n
<\/span>Madelyn Valente
\n
(909) 833-5839
\n
mvalente@aligntech.com<\/a><\/p>\n

Zeno Group
\n
<\/span>Sarah Karlson
\n
(828) 551-4201
\n
sarah.karlson@zenogroup.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Arizona New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Health Technology Health Dental Medical Devices<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Align Technology Announces New $1 Billion Stock Repurchase Program TEMPE, Ariz. & NEW YORK–(BUSINESS WIRE)– Align Technology, Inc. (\u201cAlign\u201d) (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign\u00ae System of clear aligners, iTero\u2122 intraoral scanners, and exocad\u2122 CAD\/CAM software for digital orthodontics and restorative dentistry, today announced that its Board of Directors has authorized a new stock repurchase program. Under the new program, Align may purchase up to $1.0 billion of its common stock over the next three years. The company\u2019s prior $1 billion authorization approved in January 2023 was completed on May 1, 2025 (with settlement on May 2, 2025). \u201cWe are pleased to announce that our Board of Directors has authorized a … <\/p>\n

Continue reading “Align Technology Announces New $1 Billion Stock Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-847305","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAlign Technology Announces New $1 Billion Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/align-technology-announces-new-1-billion-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Align Technology Announces New $1 Billion Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Align Technology Announces New $1 Billion Stock Repurchase Program TEMPE, Ariz. & NEW YORK–(BUSINESS WIRE)– Align Technology, Inc. (\u201cAlign\u201d) (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign\u00ae System of clear aligners, iTero\u2122 intraoral scanners, and exocad\u2122 CAD\/CAM software for digital orthodontics and restorative dentistry, today announced that its Board of Directors has authorized a new stock repurchase program. Under the new program, Align may purchase up to $1.0 billion of its common stock over the next three years. The company\u2019s prior $1 billion authorization approved in January 2023 was completed on May 1, 2025 (with settlement on May 2, 2025). \u201cWe are pleased to announce that our Board of Directors has authorized a … Continue reading "Align Technology Announces New $1 Billion Stock Repurchase Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/align-technology-announces-new-1-billion-stock-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-06T13:58:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250506339564r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Align Technology Announces New $1 Billion Stock Repurchase Program\",\"datePublished\":\"2025-05-06T13:58:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/\"},\"wordCount\":661,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250506339564r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/align-technology-announces-new-1-billion-stock-repurchase-program\\\/\",\"name\":\"Align Technology Announces New $1 Billion Stock Repurchase Program - 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