Welcome to our dedicated page for Tetra Tech news (Ticker: TTEK), a resource for investors and traders seeking the latest updates and insights on Tetra Tech stock.
Tetra Tech Inc (NASDAQ: TTEK) is a global leader in consulting, engineering, and technical services. The company boasts a diverse team of experts in the fields of science, research, engineering, construction, and information technology. Tetra Tech's integrated services approach enables them to deliver the best solutions to meet their clients' needs across various sectors.
With a workforce of approximately 13,000 employees and revenue reaching $2.3 billion in FY 2015, Tetra Tech operates from more than 300 offices worldwide. The company specializes in providing consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. Notably, Tetra Tech excels in delivering water-related services to both public and private clients, designing complex infrastructure, facilities, and resource management plans.
Tetra Tech's operations are divided into two major segments. The Government Services Group (GSG) focuses on activities with U.S. government clients, including federal, state, and local agencies, as well as development agencies worldwide. The Commercial/International Services Group (CIG) serves U.S. commercial clients and international clients other than development agencies.
Recent achievements of Tetra Tech include securing major contracts with government and commercial clients, expanding its footprint in international markets, and innovating sustainable and resilient solutions for infrastructure and environmental challenges. The company's financial condition remains strong, reflecting consistent growth and strategic investments in cutting-edge technologies and partnerships.
As Tetra Tech continues to evolve, it remains committed to providing high-quality services that enhance the performance and sustainability of projects around the globe. For the latest updates and news about Tetra Tech, visit their official website and financial news sections.
Tetra Tech (NASDAQ: TTEK) has been selected by the Defense Logistics Agency (DLA) for its $12 billion JETS 2.0 multiple-award contract. Under this indefinite delivery indefinite quantity contract, Tetra Tech will provide critical services including cybersecurity, operational technology, enterprise resource planning modernization, and supply chain optimization. The company's software engineers will develop applications to support DLA's global infrastructure. Through its Amyx operations, which has been a DLA partner for over 25 years, Tetra Tech will continue delivering Infrastructure Technology solutions.
Tetra Tech (NASDAQ: TTEK) has been awarded a $5 billion multiple-award IDIQ contract by USAID to support global democracy initiatives. The 10-year contract, through USAID's Office of Transition Initiatives, focuses on addressing governance and resiliency challenges in developing countries. Tetra Tech will work on strengthening local engagement, revitalizing critical infrastructure, and enhancing essential public services, including clean water supplies, using evidence-based approaches.
Tetra Tech (NASDAQ: TTEK), a provider of consulting and engineering services in water, environment, and sustainable infrastructure, has scheduled its fourth quarter and fiscal 2024 financial results announcement for November 13, 2024, after market close. The company will host a conference call to discuss results and future outlook on November 14, 2024, at 8:00 a.m. Pacific Time. A live audio-visual webcast will be accessible via tetratech.com/investors, with a replay available after the call.
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $37.5 million contract by the U.S. Agency for International Development (USAID) to improve urban water, sanitation, and solid waste management services in Southern Africa. The 5-year contract focuses on the Limpopo River basin, which is facing challenges due to rapid population growth and climate variability.
Through the USAID Resilient Cities Limpopo program, Tetra Tech will:
- Partner with local governments and regional stakeholders
- Develop data-driven, climate-resilient approaches to enhance public service delivery
- Leverage private sector investment to strengthen waste management operations
- Promote sustainable recycling practices
This contract builds on Tetra Tech's 40-year history of partnering with USAID to improve access to safe, sustainable water supplies in developing countries.
Tetra Tech, Inc. (NASDAQ: TTEK) has been selected by Northern Ireland (NI) Water as one of the companies on a framework contract valued at up to £800 million. This 8-year framework aims to support the sustainable delivery of key water and wastewater infrastructure projects across Northern Ireland. Tetra Tech's role will include:
1. Supporting NI Water in managing programs to strengthen climate resilience
2. Improving the delivery of sustainable services to NI Water customers
3. Providing innovative solutions such as integrated environmental modelling
4. Utilizing Machine Learning and AI techniques to optimize treatment operations
Tetra Tech has a long-standing relationship with NI Water, having provided critical water infrastructure support for decades. The company plans to leverage its Leading with Science® approach and global water expertise to support NI Water's leading water and wastewater program.
Tetra Tech (NASDAQ: TTEK) has been awarded a $249 million multiple-award contract by the U.S. Army Corps of Engineers (USACE), Omaha District. The 7-year contract involves providing environmental assessment and design services at facilities and sites across the United States.
Under this contract, Tetra Tech's team will perform comprehensive environmental services, including:
- Developing water resource management plans
- Assessing and protecting ecosystems
- Designing sustainable building elements for water and energy efficiency
Tetra Tech has supported USACE for over 40 years and has been ranked as the top firm in Environmental Management by Engineering News-Record for 15 consecutive years. The company will use its Leading with Science® approach to address USACE's complex environmental challenges.
Tetra Tech, Inc. (NASDAQ: TTEK) has appointed John M. Douglas as its newest Board Member, effective September 30, 2024. Mr. Douglas brings over 40 years of experience in global operations, leadership, strategy, and project management in technology-enabled consulting services. He will serve on the Compensation and the Nominating and Corporate Governance Committees.
Mr. Douglas was previously the CEO of RPS Group Plc from 2017 to 2023 and CEO of Coffey International from 2011 to 2016. He also held leadership roles at Boral and worked as a consultant at Boston Consulting Group. Concurrently, Joanne M. Maguire will retire from the Board on September 30, 2024.
Tetra Tech (NASDAQ: TTEK) reported record third quarter results for fiscal 2024, with revenue increasing 11% year-over-year to $1.34 billion. The company achieved significant growth across key metrics:
- Operating Income up 32% to $129 million
- EPS up 42% to $1.59
- Backlog up 19% to $5.23 billion
- Net Revenue up 12% to $1.11 billion
Tetra Tech also announced a five-for-one stock split effective September 6, 2024, and raised its full-year guidance. The company secured several major contracts, including a $439 million project for energy resiliency in Ukraine. With strong performance and record backlog, Tetra Tech is forecasting 23% EPS growth for fiscal 2024.
Tetra Tech (NASDAQ: TTEK) has been selected by the U.S. Department of Defense (DoD) Environmental Security Technology Certification Program to develop and test a prototype mobile electron beam (eBeam) system for on-site treatment of PFAS-impacted soils and sediments. In partnership with Texas A&M University, Tetra Tech will design, fabricate, and demonstrate this innovative technology, which has shown up to 99% effectiveness in destroying PFAS compounds in soils during research.
The project aims to create an effective mobile treatment technology that can be scaled for widespread implementation and commercialization. Tetra Tech's PFAS remediation experts will conduct extensive field testing at candidate DoD sites, potentially leading to future larger-scale mobile systems or fixed-base PFAS treatment facilities.
Tetra Tech (NASDAQ: TTEK), a leader in consulting and engineering services in water, environment, and sustainable infrastructure, announced the planned dates for its third quarter 2024 results and conference call. The financial results will be released on Wednesday, July 31, 2024, after market close. A conference call will be held on Thursday, August 1, 2024, at 8:00 a.m. Pacific Time to discuss these results and the company's forward outlook. The call will be accessible through a live webcast on the company's website.
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