Benzinga | Oct 7, 2021 04:27PM EDT

Tetra Tech Adds $400M To Share Repurchase Authorization

* Tetra Tech, Inc. (NASDAQ: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.