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Tetra Tech(TTEK) - 2022 Q3 - Earnings Call Transcript
2022-08-06 19:50
Tetra Tech Inc. (NASDAQ:TTEK) Q3 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Dan Batrack - Chairman and CEO Steve Burdick - CFO, Executive VP and Treasurer Conference Call Participants Sean Eastman - KeyBanc Noelle Dilts - Stifel Tate Sullivan - Maxim Group Operator Good morning and thank you for joining the Tetra Tech Earnings Call. By now, you should have received a copy of the press release. If you have not, please contact the company's corporate office at (626) 351-4664 ...
Tetra Tech(TTEK) - 2022 Q3 - Quarterly Report
2022-08-05 20:10
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q 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 in ...
Tetra Tech (TTEK) Investor Presentation - Slideshow
2022-06-11 19:26
Investor Presentation June 2022 WATER ENVIRONMENT SUSTAINABLE INFRASTRUCTURE Leading with Science® Forward Looking Statements & Non-GAAP Financial Measures Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as those related to fluctuations in the Company's quarterly operating results and stock price, and the other risks detailed from time to time in ...
Tetra Tech(TTEK) - 2022 Q2 - Earnings Call Presentation
2022-05-09 10:58
EARNINGS CALL Q2-22May 5, 2022 Dan Batrack, Chairman & CEO Steve Burdick, Executive VP & CFO WATER ENVIRONMENT SUSTAINABLE INFRASTRUCTURE Leading with Science® Forward Looking Statements & Non-GAAP Financial Measures Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as those related to fluctuations in the Company's quarterly operating results and s ...
Tetra Tech(TTEK) - 2022 Q2 - Earnings Call Transcript
2022-05-08 00:32
Financial Data and Key Metrics Changes - The company achieved record second quarter revenue, net revenue, and operating income, with net revenue increasing 17% year-over-year from $600 million to $700 million [9] - Operating income rose 23% year-over-year, reaching a record $75 million, while earnings per share increased 18% to $0.98 [9][19] - Cash flows from operations totaled $95 million for the quarter, with year-to-date cash from operations amounting to $178 million, a 13% increase from the previous year [21] Business Line Data and Key Metrics Changes - The Commercial/International Group (CIG) grew by 25% year-on-year, with a margin increase of 50 basis points [13] - The Government Services Group (GSG) expanded its net revenue by 9% in the quarter, achieving a margin of 14.9%, an increase of 150 basis points [14][19] - U.S. commercial net revenue was up 14% year-over-year, while state and local revenues increased by 25% [11][12] Market Data and Key Metrics Changes - International net revenue grew by 29%, driven by sustainable infrastructure programs in Canada, Australia, and the UK [10] - The U.S. federal government work remained stable, accounting for 27% of net revenue, with a 7% year-over-year growth when excluding the Afghanistan wind-down impact [12] Company Strategy and Development Direction - The company focuses on high-end differentiated services in water and environmental markets, addressing climate change and resiliency challenges [5][28] - Recent acquisitions, including Piteau Associates and Axiom Data Science, aim to enhance capabilities in hydraulic modeling and big data analysis [31][32] - The company anticipates continued growth in state and local markets, supported by federal funding from the Infrastructure Investment and Jobs Act [78] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong growth rates, projecting double-digit growth for the remainder of the year [42] - The company expects to see increased demand for consulting and engineering services due to new federal budgets and climate change programs [28][29] - Management highlighted the importance of technology in enhancing productivity and reducing reliance on headcount for revenue growth [57][59] Other Important Information - The company reported a backlog of $3.61 billion, up 15% year-over-year, indicating strong future revenue potential [15] - A dividend of $0.23 per share was announced, representing a 15% increase over the previous year [24] Q&A Session Summary Question: Context on growth rate adjustments for the second half - Management clarified that the extra week in the fourth quarter impacts growth comparisons, but growth rates are expected to remain strong [41][42] Question: Durability of commercial growth amid recession concerns - Management indicated that commercial growth is broad-based and less vulnerable to economic downturns due to reduced exposure to volatile sectors like oil and gas [44][47] Question: Growth rate and margin expectations for segments - Management expects continued margin expansion in both CIG and GSG, with higher margins anticipated in the upcoming quarters [50][52] Question: Employee attrition and retention - Management reported a voluntary turnover rate of just under 10%, with a very low turnover rate for employees with over five years of service [70][74] Question: Impact of Afghanistan-related revenues - Minimal revenues were recognized from Afghanistan, with an expected headwind of $8 million to $10 million per quarter in 2022 due to the withdrawal [80]
Tetra Tech(TTEK) - 2022 Q2 - Quarterly Report
2022-05-06 20:08
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 April 3, 2022 ☐ 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) (State or other jurisdiction of incorporation or organiz ...
Tetra Tech(TTEK) - 2022 Q1 - Quarterly Report
2022-02-04 21:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the transition period from to Commission File Number 0-19655 TETRA TECH, INC. (Exact name of registrant as specified in its charter) 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 January 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 95-4148514 (State or other jurisdiction of ...
Tetra Tech(TTEK) - 2022 Q1 - Earnings Call Presentation
2022-02-04 06:17
EARNINGS CALL Q1-22February 3, 2022 Dan Batrack, Chairman & CEO Steve Burdick, Executive VP & CFO WATER ENVIRONMENT SUSTAINABLE INFRASTRUCTURE Leading with Science® Forward Looking Statements & Non-GAAP Financial Measures Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as those related to fluctuations in the Company's quarterly operating results ...
Tetra Tech(TTEK) - 2022 Q1 - Earnings Call Transcript
2022-02-03 21:23
Tetra Tech, Inc. (NASDAQ:TTEK) Q1 2022 Earnings Conference Call February 3, 2022 11:00 AM ET Company Participants Dan Batrack – Chairman and CEO Steven Burdick – Chief Financial Officer Conference Call Participants Marc Riddick – Sidoti Noelle Dilts – Stifel Sean Eastman – KeyBanc Capital Markets Tate Sullivan – Maxim Group Michael Dudas – Vertical Research Operator Good morning, and thank you for joining the Tetra Tech Earnings Call. By now, you should have received a copy of the press release. If you have ...
Tetra Tech (TTEK) Investor Presentation - Slideshow
2021-12-03 19:14
Investor Presentation December 2021 WATER ENVIRONMENT SUSTAINABLE INFRASTRUCTURE Leading with Science® Forward Looking Statements & Non-GAAP Financial Measures Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as those related to fluctuations in the Company's quarterly operating results and stock price, and the other risks detailed from time to tim ...