Business
/C O R R E C T I O N -- Blackbaud/
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced its board of directors has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $800 million to $1 billion available for repurchases of the company's common stock.
About this update from Blackbaud, Inc.
[{"type":"text","content":"In the news release, Blackbaud Announces Reauthorized, Expanded and Replenished, issued 02-Dec-2025 by Blackbaud over PR Newswire, the headline should have read "Blackbaud Announces Reauthorized, Expanded and Replenished $1 Billion Stock Repurchase Program and Increased Stock Repurchase Expectations for 2025" as incorrectly transmitted by PR Newswire. The complete, corrected release follows:","length":404,"tagName":"p"},{"type":"heading","content":"Blackbaud Announces Reauthorized, Expanded and Replenished $1 Billion Stock Repurchase Program and Increased Stock Repurchase Expectations for 2025","length":147,"tagName":"h3","attribs":{}},{"type":"text","content":"CHARLESTON, S.C., Dec. 2, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced its board of directors has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $800 million to $1 billion available for repurchases of the company's common stock.","length":388,"tagName":"p"},{"type":"text","content":""We believe there is no better use of capital at this time than repurchasing shares at this valuation to improve shareholder value," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "Since instituting our current stock repurchase program in the fourth quarter of 2023, we have reduced our common stock outstanding by more than 10%. We expect stock repurchase to remain a key component of our long-term capital allocation strategy as we look to deliver consistent mid-single-digit organic revenue growth and double-digit non-GAAP EPS growth moving forward."","length":617,"tagName":"p"},{"type":"text","content":"Under the program, the company may repurchase shares of its common stock in the open market, through private transactions, or otherwise. Any net share settlement of employee stock compensation is incremental to this program. During 2025, prior to the replenishment on December 1, 2025, Blackbaud repurchased an aggregate of 2,707,953 shares for","length":344,"tagName":"p"},{"type":"text","content":"$174.5 million. Including net share settlement of employee stock compensation, these repurchases represent approximately 6.7% of the company's outstanding common stock a...