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Blackbaud Announces Reauthorized, Expanded and Replenished $800 Million Stock Repurchase Program

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CHARLESTON, S.C., July 18, 2024 /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 $500 million to $800 million available for repurchases of the company’s common stock.

“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. “This new authorization, empowered by our strong and improving profitability and cash flows and coupled with available capacity under our new debt facility, demonstrates our commitment to this strategy which will continue for the foreseeable future.”

Under the program, the company may repurchase shares of its common stock in the open market, through private transactions, or otherwise. During the first half of 2024, prior to the replenishment on July 16, 2024, the company repurchased 2,954,211 shares of its stock for $262.6 million under the stock repurchase program, representing approximately 5.5% of the company’s common stock outstanding as of December 31, 2023. As of July 16, 2024, the remaining amount available to purchase stock under the company’s repurchase program was $800 million.

Additional details can be found in Blackbaud’s Form 8-K filed today with the Securities and Exchange Commission.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud’s essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud’s solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers, and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
media@blackbaud.com 

Forward-looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

 

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SOURCE Blackbaud

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IGT Named FanDuel Sportsbooks’ Exclusive Retail Sports Betting Platform Provider in North America for Four Additional Years

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IGT PlaySports and FanDuel Group team up for retail sports betting through 2028

LONDON, Sept. 26, 2024 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that it recently renewed a multi-year retail sports betting agreement with FanDuel, North America’s premier online gaming company and an operating unit within Flutter Entertainment plc (NYSE: FLUT). Under the terms of the agreement, IGT PlaySports™ will continue as the exclusive retail sports betting platform provider for FanDuel’s retail sportsbooks across North America for four additional years, starting September 1, 2024. IGT PlaySports and FanDuel have worked together since 2019, when FanDuel opened its first sportsbook in the U.S. at The New Meadowlands Racing & Entertainment in New Jersey.

“For more than five years, IGT PlaySports’ team and technology have helped FanDuel’s retail sportsbook operation deliver a best-in-class customer experience while helping us maintain our position as America’s #1 Sportsbook,” said Christian Genetski, FanDuel President. “Given IGT’s experience as a global land-based casino supplier, we believe it offers the experience and capabilities we needed supporting our retail locations.”

“IGT PlaySports looks forward to supporting FanDuel as its exclusive retail sports betting platform provider in North America for four additional years,” said Joe Bertolone, IGT Senior Vice President, Sports Betting. “IGT PlaySports is committed to helping our customers realize the full potential of the retail sports betting market and differentiate their products through exceptional player experience and reliable technology.”

IGT PlaySports has been FanDuel Group’s exclusive retail platform provider in the U.S. since 2020. In addition to leveraging the IGT PlaySports platform, FanDuel Sportsbooks offer players a range of self-service betting technologies including the IGT PlaySports Kiosk and IGT PlaySports Pad. IGT PlaySports technology is currently powering 27 FanDuel Sportsbooks across 20 gaming jurisdictions.

For more information, visit IGT.com, or follow IGT PlayDigital on LinkedIn.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2024 IGT

IGT and IGT PLAYSPORTS are trademarks of IGT, its parent, subsidiaries, or affiliates.

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SOURCE International Game Technology PLC

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Jacobs Declares Quarterly Dividend

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DALLAS, Sept. 26, 2024 /PRNewswire/ — The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend payable to shareholders in the amount of $0.29 per share of Jacobs common stock. This dividend will be paid on Nov. 22, 2024, to shareholders of record as of the close of business on Oct. 25, 2024.

About Jacobs

At Jacobs, we’re challenging today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $16 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, InstagramLinkedIn and X.

For additional information contact:

Investors:
Ayan Banerjee
JacobsIR@jacobs.com

Media:
Louise White, 469.724.0810
media@jacobs.com

 

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Hawkes Outdoors, An Authority In Outdoor Adventure, Appoints Kristen Ramirez As President

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Company Poised for Significant Growth in Overlanding, Off-Road, and Outdoor Industry

SAN ANTONIO, Sept. 26, 2024 /PRNewswire-PRWeb/ — Hawkes Outdoors (www.hawkesoutdoors.com), a leading authority in the overlanding, off-road, and outdoor adventure market, today announced the appointment of Kristen Ramirez as President. Ramirez will lead the company into its next phase of expansion and innovation, further cementing Hawkes Outdoors’ leadership in the industry.

Your Adventure. Your Terms.

Since joining the company in 2022, Kristen Ramirez has brought her expertise in customer service, sales, and retail operations to the forefront. As the company looks to continue its growth, her leadership is expected to propel Hawkes Outdoors into new markets and strengthen its position as a top-tier provider in the sector.

“Kristen brings a wealth of experience and a visionary approach that aligns perfectly with our mission,” said Brian Booker, Owner of Hawkes Outdoors. “We are excited about the future and confident that Kristen will drive our company to new heights, continuing to deliver exceptional value to our customers and partners.”

In her new role, Kristen Ramirez will oversee all aspects of the company’s operations, with a focus on expanding product offerings and enhancing customer experience. Under her leadership, Hawkes Outdoors is poised to take advantage of emerging opportunities in the overlanding, off-road, and outdoor adventure markets.

“I am honored to take on this role and look forward to leading Hawkes Outdoors into an exciting new chapter,” said Kristen Ramirez. “Together with our talented team, we will explore new opportunities for growth, enhance our offerings, and maintain our commitment to excellence.”

About Hawkes Outdoors Based in San Antonio, Texas, Hawkes Outdoors is a leading authority in the overlanding, offroad, and outdoor adventure industry, recognized for its extensive product range and outstanding customer service. The company remains dedicated to providing high-quality products and exceptional customer experiences as it continues to shape the future of outdoor adventure.

www.HawkesOutdoors.com

Media Contact

Kristen Ramirez, Hawkes Outdoors, 1 2106249195, info@hawkesoutdoors.com, https://hawkesoutdoors.com/

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SOURCE Hawkes Outdoors

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