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Medical Waste Firm Sharps to Rebuy Stock

Allan Gerlat

January 7, 2013

1 Min Read
Medical Waste Firm Sharps to Rebuy Stock

Medical Waste firm Sharps Compliance Corp. has agreed to repurchase up to $3 million of its common stock.

The Houston-based Sharps said in a news release it will buy outstanding stock during the next two years. Sharps will fund the purchases using the company’s available cash balance and cash generated from operations. The company said it is not planning to acquire any specific amount.

"The board's decision for a stock repurchase program affirms the confidence we have in the company's strategic direction and market opportunities,” said David Tusa, Sharps president and CEO. “With our solid balance sheet, this repurchase authorization offers an opportunity to return value to shareholders while retaining the flexibility to fund our growth."

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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