Tetra Tech, Inc. (NasdaqGS:TTEK) is looking for acquisitions. Tetra Tech announced that its Board of Directors has authorized an additional $400 million share repurchase program, which is twice the size of the previous authorization. 'The newly authorized share repurchase program reflects confidence in our long-term growth outlook and our commitment to a balanced capital allocation strategy,' said Dan Batrack, Tetra Tech Chairman and Chief Executive Officer. 'The strength of our balance sheet and strong consistent cash flow generation will allow us to continue investing in both organic growth initiatives and strategic acquisitions while having greater capacity to return more capital to shareholders'.
Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.