MKS Instruments Announces $200 Million Stock Repurchase Program

MKS Instruments, Inc. MKSI announced today that its Board of Directors has approved a stock repurchase program of up to $200 million. "Over the past few years, we have demonstrated our ability to manage the business for operating leverage and positive cash flow," said Leo Berlinghieri, Chief Executive Officer and President. "Since the beginning of 2010, we have added $237 million to cash and investments, net of debt, primarily through positive cash flow from operations. During the 2009 downturn, which was the most severe on record, we managed the business to be cash neutral for the year. This program reaffirms our confidence in the long-term strength of the company and our commitment to provide meaningful cash returns to shareholders, in the form of cash dividends as well as share repurchases."