share repurchase

Qudian Inc. reported its Q3 2025 unaudited financial results, revealing a sharp 84.5% drop in revenue to RMB8.5 million due to the last-mile delivery business phase-out. However, net income attributable to shareholders surged to RMB409.9 million, driven by increased investment income and gains on derivative instruments. The company maintains a strong cash position and continues its share repurchase program. Qudian’s future hinges on successful diversification and strategic capital allocation.

At its first investor day since 2022, Block projected mid-teens annual gross profit growth over the next three years, targeting $15.8 billion by 2028. This aims to reassure investors after a 30% stock decline in 2025. Block forecasts adjusted operating income exceeding $4.6B and adjusted EPS reaching $5.50 by 2028. With diversified offerings and AI integration, the company emphasizes operational efficiency, a “rule of 40” investment framework, and a $5 billion share repurchase program.

Columbia Banking System (COLB) announced a 3% increase in its quarterly cash dividend to $0.37 per common share, payable on December 15, 2025. This increase, along with a $700 million share repurchase program, demonstrates the bank’s commitment to shareholder value amidst a changing banking landscape. CEO Clint Stein anticipates exceptional profitability and capital generation. Analysts suggest this signals financial strength but question its impact on long-term investment and growth. Columbia Bank operates across eight western states, offering diverse banking and wealth management services.

SBM Offshore reported a strong Q3 2025, with year-to-date directional revenue up 26% to US$3.6 billion. Full-year 2025 Directional EBITDA guidance increased to around US$1.65 billion, with revenue guidance maintained above US$5.0 billion. FPSO ONE GUYANA achieved first oil. The company’s EUR141 million share repurchase program is 71% complete. ExxonMobil Guyana may acquire FPSO ONE GUYANA in early 2026. Strategic collaborations with Cognite and SLB aim to enhance operational efficiency using AI.

Group 1 Automotive (NYSE: GPI) announced a $500 million share repurchase authorization, increasing the existing program by $457 million. Year-to-date, the company repurchased approximately 8% of outstanding shares at an average of $417.38. Future repurchases will be opportunistic, funded by operating cash flow. The board also declared a $0.50 quarterly dividend, consistent with the previously announced 6% increase. Group 1 is a Fortune 250 automotive retailer operating 259 dealerships in the U.S. and U.K.

Voyager Technologies (VOYG) priced a $435 million private offering of 0.75% convertible senior notes due 2030, increased from an initial $300 million. Proceeds will fund expansion, share repurchases, and capped call transactions to offset dilution. The notes, offered to qualified institutional buyers, feature a conversion price of $30.98, a 30% premium over the November 6, 2025, share price. Voyager can redeem the notes after November 20, 2028, under specific conditions. A prepaid forward stock repurchase is also planned. The offering is expected to close on November 12, 2025.

Lithia & Driveway (NYSE: LAD) reported record Q3 2025 revenue of $9.7 billion, a 5% year-over-year increase, and diluted EPS of $8.61, up 11%. Adjusted diluted EPS rose 17% to $9.50. Key highlights include same-store revenue growth of 7.7%, a 9.1% increase in aftersales gross profit, and repurchase of 5.1% of outstanding shares. LAD acquired Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis in September, adding $220M in annualized revenue. A dividend of $0.55 per share was declared.

On September 26, 2025, Shell plc repurchased 948,416 shares across multiple exchanges as part of its ongoing buyback program announced on July 31, 2025. 499,035 shares were bought on the LSE and associated platforms (price range: £27.0850-£27.3900) and 449,381 shares on European exchanges (price range: €31.1100-€31.5200). HSBC Bank plc manages the program independently, adhering to UK and EU regulations. The buyback, slated to continue until October 24, 2025, aims to enhance shareholder value.

On September 16, 2025, American Financial Group (AFG) announced a $350 million registered offering of Senior Notes at 5.0%, maturing September 23, 2035, priced at 99.162% of principal. Net proceeds, estimated at $344 million, will be used for general corporate purposes, including potential share repurchases. The offering, managed by BofA Securities, J.P. Morgan, and Wells Fargo, is expected to close September 23, 2025. The offering is made under an effective shelf registration statement filed with the SEC. AFG is an insurance holding company focused on property and casualty insurance.

Mount Logan Capital and 180 Degree Capital completed their all-stock merger, forming Mount Logan Capital Inc. (MLCI), which will trade on NASDAQ starting September 15, 2025. The deal, valued at US$122.7 million (US$9.43/share), results in Mount Logan shareholders owning 56.4% and 180 Degree Capital shareholders owning 43.6%. MLCI plans a US$15 million tender offer and up to US$10 million in repurchases over the next 24 months. The merger aims to create a stronger asset management platform with improved NASDAQ access.