Exhibit 99.2
BLUCORA ANNOUNCES $100 MILLION SHARE REPURCHASE AUTHORIZATION
IRVING, Texas, March 19, 2019 — Blucora, Inc. (NASDAQ: BCOR), a leading provider oftax-smart financial solutions that empower people’s goals, today announced that its Board of Directors has authorized the repurchase of up to $100 million of its common stock. The authorization is effective immediately and does not have a specified expiration date.
“The new stock repurchase program enhances our capital allocation strategy and provides us with a complementary tool to deliver value to our shareholders,” said Davinder Athwal, Blucora’s Chief Financial Officer. “While we remain focused on debt reduction and investments that will drive long-term organic growth, this authorization provides additional flexibility and an alternative for cash redeployment through opportunistic buybacks.”
Share repurchases may be made through a variety of methods, including open market or privately negotiated transactions. The timing and number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Blucora’s repurchase program does not obligate it to repurchase any specific number of shares and may be suspended or discontinued at any time. Repurchased shares will be available for general corporate purposes. The company had 48 million shares outstanding as of December 31, 2018.
About Blucora®
Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, pioneeringtax-smart financial solutions that empower people’s goals. Blucora operates through two primary businesses, HD Vest, the No. 1tax-focused broker-dealer with $42 billion in total client assets as of December 31, 2018, and TaxAct, the No. 3 tax preparation software by market share with approximately 4 million consumer and professional users. With integrated tax and wealth management, Blucora is uniquely positioned to provide better long-term outcomes for customers with holistic,tax-advantaged solutions. For more information on Blucora, visitwww.blucora.com.
Contact:
Bill Michalek
Blucora Investor Relations
(972)870-6463
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this release, terms such as “believes,” “estimates,” “should,” “could,” “would,” “plans,” “expects,” “intends,” “anticipates,” “may,” “forecasts,” “projects” and similar expressions and variations as they relate to the Company or its management are intended to identify forward-looking statements. Actual results may differ significantly from management’s expectations due to various risks and uncertainties including, but not limited to: our