Tetra Tech adds $500 million to its share-repurchase capacity
Tetra Tech’s ($TTEK) board approved an additional $500 million share-repurchase authorization, increasing available capacity to $898 million. The expansion more than doubles the amount remaining at the end of its fiscal third quarter. The company linked the decision to cash generation and its ability to balance shareholder returns with investment in the business. Over the preceding 12-month period, Tetra Tech generated $567 million in operating cash flow and returned $322 million through buyback
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