Tetra Tech Adds $400M To Share Repurchase Authorization

Tetra Tech, Inc. TTEK Board of Directors authorized an additional $400 million share repurchase program. The company now has a total of $563 million available for share repurchases.
Tetra Tech generated $294 million of cash flow from operations in the last twelve months ending 3Q21 and has enabled it to return $98 million to shareholders through a combination of share repurchases and dividends.
Tetra Tech's net debt leverage ratio was 0.1x at the end of Q3.
Price Action: TTEK shares closed higher by 3.48% at $158.42 on Thursday.