SCI Engineered Materials announced a share repurchase program that will allow the company to buy back up to $1 million of its common stock. The program will begin on December 1 2025 and run for one year, giving the board a window to return capital to shareholders while preserving liquidity for ongoing operations.
The company’s balance sheet underpins the buyback. As of September 30 2025, SCI held $9.48 million in cash and cash equivalents and had no outstanding debt. In the third quarter of 2025, revenue rose 36 % year‑over‑year to $5.29 million and net income increased 42 % to $510,279. However, the first nine months of the year saw revenue decline 30 % to $12.4 million, a trend the company attributes to a shift in product mix and lower volume. The strong quarterly performance and healthy cash position give management confidence that the buyback will not compromise operational needs.
Chairperson Laura Shunk said the program reflects the board’s confidence in SCI’s growth strategy and is consistent with the company’s capital‑allocation policy, which prioritizes investments that improve long‑term financial performance while enhancing shareholder value. President and CEO Jeremy Young added that the recent launch of new products and a robust order backlog have generated a positive market response, reinforcing the company’s outlook for continued growth.
SCI Engineered Materials is a global supplier of advanced materials for physical vapor deposition (PVD) thin‑film applications. The company’s recent product innovations, including an indium tin oxide offering, have attracted growing interest from domestic manufacturers, especially in the wake of global tariff announcements. These developments support the company’s revenue growth and reinforce its competitive position in the PVD market.
By reducing the number of shares outstanding, the buyback is expected to support earnings per share and signal to investors that the shares are undervalued. The program also demonstrates the company’s commitment to returning value to shareholders while maintaining flexibility for future capital expenditures and growth initiatives.
Overall, the $1 million share repurchase program is a material capital‑allocation decision that aligns with SCI Engineered Materials’ strong liquidity, debt‑free balance sheet, and recent earnings momentum. The program underscores management’s confidence in the company’s trajectory and reinforces its strategy to enhance shareholder value without compromising operational resilience.
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