other material
confidence high
sentiment positive
materiality 0.55
Tetra Tech authorizes additional $400M share repurchase program, total $563M available
TETRA TECH INC
- Board authorized $400M share repurchase program, doubling previous authorization; total $563M available.
- In last 12 months, generated $294M operating cash flow; returned $98M to shareholders via buybacks and dividends.
- Net debt leverage ratio was 0.1x at end of Q3 2021, reflecting continued deleveraging.
- Completed five strategic acquisitions in last 12 months, adding technical capabilities and geographic presence.