Caci International Cla (CAI) Approves 1M Share Common Buyback

CAI International, Inc. (CAI) (NYSE: CAI) announced that its Board of Directors has approved a stock repurchase program (the “Program”). Under the Program, CAI is authorized to repurchase up to one million shares of its outstanding common stock from time to time and at prices considered appropriate by the company depending upon share price and prevailing economic and market conditions. The stock repurchases may be made in the open market, block trades or privately negotiated transactions. The primary purpose of the Program is to allow CAI the flexibility to repurchase its common stock to return value to stockholders. The number of shares of common stock actually acquired, if any, by CAI will depend on subsequent developments, corporate needs and market conditions. The Program is effective immediately, and may be suspended or discontinued at any time.

"This Program reaffirms our commitment to increase stockholder value and our confidence in the financial strength of the company,” said Victor Garcia, CAI's President and Chief Executive Officer. “Our business continues to generate healthy cash flow which allows us to repurchase our outstanding stock and continue investing in the business."

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