Tempe, Ariz.-based Align Technology is repurchasing $225 million of its common stock through open market repurchases.
The timing and number of shares the company repurchases will be based on market conditions including stock price, trading volume and capital availability, according to a Feb. 25 news release from Align.
This buyback round will complete Align's $1 billion stock repurchase program that was approved by the company's board of directors in January 2023.
As of Dec. 31, 2024, Align had about 73.8 million shares outstanding.
The repurchases are expected to be completed by May 2025, the release said.