Tetra Tech, Inc. (TTEK) recently announced that it has secured a $39.3 million contract from the United States Agency for International Development ("USAID"). The latest deal will involve the company supporting USAID's Engendering Industries program. As part of the single-award deal, Tetra Tech will work on enhancing gender equality and women's economic empowerment opportunities in multiple industries throughout the world. These industries include water, infrastructure, power, transportation as well as info ...

Tetra Tech Inc. (TTEK) is benefiting from its focus on providing high-end consulting, design and engineering services. Handsome rewards to shareholders add to the stock's appeal. Headquartered in Pasadena, Tetra Tech is a leading provider of consulting, construction management, engineering, program management and technical services. It serves clients by providing cost-effective and innovative solutions for dealing with the fundamental needs for water, environmental and alternative energy services. Let's del ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-19655 TETRA TECH, INC. (Exact name of registrant as specified in its charter) Delaware 95-4148514 (State or other jurisdiction of inc ...

Earnings Call Q3 24 August 1, 2024 Dan Batrack, Chairman & CEO Steve Burdick, Executive VP & CFO Leslie Shoemaker, Ph.D., Executive VP Joseph Fong, High Performance Buildings Lead Forward-Looking Statements & Non-GAAP Financial Measures All statements in this communication other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic ...

Financial Data and Key Metrics Changes - Tetra Tech reported record quarterly revenue of $1.11 billion, a 12% increase year-over-year [6] - EBITDA increased by 32% to $129 million, resulting in a 13.3% EBITDA margin, up 120 basis points from the previous year [6] - Earnings per share reached an all-time high of $1.59, up 42% from the prior year [6][11] - Year-to-date net revenues increased by 18% to over $3 billion, with EBITDA up 41% to $414 million [12][13] - The company raised its full-year guidance for fiscal year 2024, projecting revenue between $4.27 billion and $4.32 billion [25] Performance by Business Segments - Government Services Group (GSG) revenue increased by 25% to $488 million, with a margin of 14.6%, up 60 basis points [6][11] - Commercial International Group (CIG) grew net revenue by 4% year-over-year, achieving a margin of 13.9%, up 230 basis points [7][11] - RPS activities within CIG reached an 11% margin, up 400 basis points from the previous year [7] - Excluding disaster response work, state and local revenues grew by 8%, driven by advanced water treatment projects [9] Market Data and Key Metrics Changes - U.S. federal client work increased by 34%, with underlying growth at 18% excluding extraordinary work in Ukraine [8][9] - International revenue represented about 40% of total company revenue, growing at a rate of 5% during the quarter [9] - The backlog reached an all-time high of $5.23 billion, up 19% year-over-year, with a book-to-bill ratio of 1.4 [11] Company Strategy and Industry Competition - The company focuses on high-end consulting and sustainable infrastructure, particularly in water and environmental sectors [4] - Tetra Tech aims to enhance margins through front-end advisory and consulting work [4][5] - The company is actively pursuing acquisitions in technology innovations, especially in water and environmental spaces [17][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand for differentiated services across water and environmental markets [27] - The company anticipates continued organic growth rates of 6% to 10% over the next several years [40] - Management noted that the recent Supreme Court ruling on Chevron deference may create new opportunities for Tetra Tech [34] Other Important Information - Tetra Tech announced a 5-for-1 stock split to increase liquidity and lower trading costs for investors [19] - The company approved a quarterly dividend of $0.29, marking a 12% increase year-over-year [17] Q&A Session Summary Question: How should investors interpret the healthy backlog in terms of visibility for hitting annual organic growth targets? - Management cautioned that backlog growth may not directly translate into net revenue growth, noting that extraordinary contributions from Ukraine were included in the backlog [30] Question: Are there areas of the business exposed to changes in regulation due to the Chevron ruling? - Management indicated that most environmental compliance work is regulated at the state and local level, minimizing the impact of federal regulatory changes [31][32] Question: What is the revenue contribution from high-performance buildings and data centers? - The company is tracking towards a $100 million revenue target for advanced manufacturing and data centers, expecting a 20% CAGR for that market [35] Question: How does the company view M&A opportunities in light of rising uncertainty in U.S. policy? - Management emphasized that the U.S. remains the largest market for environmental stewardship and clean water, and they will continue to focus on technology acquisitions [36][44] Question: What is the visibility on the Ukraine contribution to revenue? - Management confirmed that they have significant contract capacity in Ukraine, with $160 million booked in the quarter and expectations for continued work [47] Question: How long will the transition away from lower-margin work in RPS take? - Management indicated that the transition is expected to complete within one to two quarters, after which higher-margin contributions from RPS will be realized [49]

Tetra Tech, Inc. (TTEK) reported third-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of $1.59 per share, which surpassed the Zacks Consensus Estimate of $1.54. The bottom line surged 42% year over year, driven by the strong momentum in each of its segments. The bottom line also surpassed management's earnings projection of $1.50-$1.55 per share. Revenue & Segmental Performance Tetra Tech generated revenues of $1.34 billion, reflecting a year-over-year increase of 11%. Adjusted net revenues (adj ...

Exhibit 99.1 NEWS RELEASE July 31, 2024 Tetra Tech Reports Record Third Quarter Results, Raises Guidance and Announces Five-for-One Stock Split · Record Quarterly Revenue $1.34 billion, up 11% Y/Y · Record Q3 Operating Income $129 million, up 32% Y/Y · Record Q3 EPS $1.59, up 42% Y/Y · Record Backlog $5.23 billion, up 19% Y/Y · Increasing FY 2024 Net Revenue and EPS guidance Pasadena, California. Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, en ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $1.09 billion, up 10.4% from the year-ago quarter. Earnings Whisper The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better than expectations ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Tetra Tech (TTEK) , which belongs to the Zacks Pollution Control industry. This consulting and engineering services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.05%. For the most recent quarter, Tetra was expected to post earnings of $1.3 ...

Other Notable Contracts Zacks Rank and Price Performance Other Stocks to Consider Tetra Tech, Inc. (TTEK) announced that it secured an additional $84 million to its single-award contract from the U.S. Agency for International Development ("USAID"). The deal aims to strengthen energy security in the Republic of Moldova. Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company have risen 30.7% in a year compared with the industry's 5.6% growth. Tetra Tech benefits from its focus on providing ...