Here are five things to know:
1. The stock will be repurchased through open market repurchases.
2. The $275 million is part of a $1 billion stock repurchase program approved by Align’s board of directors in January 2023.
3. The repurchasing is expected to be completed by January 2025 and will be funded by the company’s cash on hand.
4. As of Sept. 30, Align had about 74.8 million outstanding shares.
5. The company recently reported $977.9 million in total revenue for the third quarter of 2024.
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