Brief: Beauty Health Announces Business Transformation Program, Authorizes $100 Million Share Repurchase

Skinhealth Systems

12/09/2023 15:02

Sept 12 (Reuters) - Beauty Health Co  SKIN.O :
    * BEAUTYHEALTH ANNOUNCES BUSINESS TRANSFORMATION PROGRAM TO
DRIVE
PROFITABILITY AND GROWTH; BOARD OF DIRECTORS AUTHORIZES $100
MILLION SHARE REPURCHASE
    * BEAUTY HEALTH CO: FIRST PHASE OF TRANSFORMATION PROGRAM
EXPECTED
TO GENERATE OVER $20 MILLION ANNUALIZED COST SAVINGS DURING Q1
2024
    * BEAUTY HEALTH CO - RE-AFFIRMS LONG-TERM 2025 FINANCIAL
GUIDANCE
OF $600 TO $700 MILLION NET SALES
    * BEAUTY HEALTH CO - SECOND PHASE EXPECTED TO GENERATE OVER
$15
MILLION ANNUALIZED COST SAVINGS DURING Q2 2024
    * BEAUTY HEALTH CO - DOES NOT EXPECT TO EXECUTE LARGE-SCALE
M&A
TRANSACTIONS
    * BEAUTY HEALTH CO - LAUNCH OF A BUSINESS TRANSFORMATION
PROGRAM
TO DRIVE PROFITABLE GROWTH BY REDUCING OPERATING COSTS AND
STREAMLINING ITS OPERATIONS
    * BEAUTY HEALTH CO: MANAGEMENT PLANS TO EXECUTE SHARE
REPURCHASES
VIA A RULE 10B5-1 TRADING PLAN TO BE IMPLEMENTED IN Q3 2024
    * BEAUTY HEALTH CO - EXPECTS TO FUND ITS SHARE REPURCHASES
WITH
EXISTING CASH ON HAND

Source text for Eikon:  ID:nBw6XZ64La 
Further company coverage:  SKIN.O 

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