Xylem Repurchased $1.396 Billion in Shares Through Sept. 30

Xylem repurchased 12.2 million shares for $1.396 billion through Sept. 30, with $105 million in program capacity remaining under a $1.5 billion authorization approved in February.

The third-quarter purchases totaled $349 million across 3.2 million shares. By Sept. 30, $337 million had been paid and $12 million remained accrued.

For the nine months through Sept. 30, Xylem had paid $1.384 billion in cash for repurchases, with $12 million accrued. The company is a global water solutions provider.

Xylem’s board approved the program Feb. 25. It has no expiration date and does not require the company to repurchase a specific number of shares. Purchases may take place in the open market or through privately negotiated transactions, and Xylem may suspend or discontinue the program at any time.