NEW YORK--(BUSINESS WIRE)-- Ubiquiti Networks, Inc. (NASDAQ:UBNT) (“Ubiquiti" or the "Company”) today announced results for the third fiscal quarter of 2018, ended March 31, 2018.
Third Quarter Fiscal 2018 Financial Highlights
Revenues of $250.4 million, increasing 14.7% year-over-year
Repurchased 4,389,195 shares of common stock through May 7, 2018, at an average price of $66.53 per share
Initiated a new $200 million stock repurchase program, as disclosed in the Form 8-K filed on May 10, 2018
Repatriated $677.2 million in cash from foreign subsidiaries to U.S. banks
Entered into a new credit facility, providing for a $500 million term loan and $400 million revolving credit facility, as disclosed in the Form 8-K filed on January 23, 2018
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