Tetra Tech(TTEK) ZACKS·2024-12-24 16:21Core Insights - Tetra Tech is a leading provider of consulting, construction management, engineering, program management, and technical services, focusing on water, environmental, and alternative energy solutions [1] Segment Performance - The Government Services Group (GSG) segment saw a 12% year-over-year increase in net sales in Q4 of fiscal 2024, driven by higher international development and advanced water treatment work [5] - The Commercial / International Services Group segment's revenues increased by 5% year-over-year in the same quarter, supported by strong project performance in international operations and the RPS acquisition [5] Recent Acquisitions - Tetra Tech acquired Amyx, Inc. in January 2023, enhancing its capabilities in advanced data analytics, cybersecurity, and digital transformation within the GSG segment [6] - In May 2024, the company acquired Convergence Controls & Engineering, which will allow it to offer integrated automation platform solutions in the water and energy sectors [9] - The acquisition of LS Technologies in February 2024 will add significant capabilities to Tetra Tech's federal IT practice within the GSG segment [9] Business Strength - Tetra Tech's diversified business structure mitigates risks from weaknesses in specific markets, while its focus on high-end consulting, design, and engineering services enhances its competitive edge [12] - The company reported a 9% year-over-year revenue increase in Q4 of fiscal 2024, driven by increased activity across various client sectors [12] Shareholder Returns - Tetra Tech returned $58.8 million to shareholders in dividends during fiscal 2024, marking a 12.9% increase year-over-year, with a quarterly dividend rate hike of 12% in July 2024 [18] Stock Performance - Tetra Tech's stock has gained 20% over the past year, outperforming the industry growth of 19.2% [17]