Tetra Tech Stock Price, News & Analysis

Tetra Tech (NASDAQ: TTEK) has secured a significant $248 million multiple-award contract from the U.S. Army Corps of Engineers (USACE), Europe District. The five-year contract involves providing architect-engineer (A-E) services for U.S. military installations across eight European countries within the EUCOM area.

Under this agreement, Tetra Tech will deliver multidisciplinary A-E design services for critical infrastructure including air bases, utility systems, medical facilities, barracks, family housing, and operational facilities. The scope encompasses planning, studies, conceptual and detailed design, 3D modeling, and engineering services.

Tetra Tech (NASDAQ: TTEK) reported strong Q2 FY25 results with record revenue of $1.322 billion and net revenue of $1.104 billion. The company achieved significant year-over-year growth, with revenue up 6% and adjusted operating income increasing 11% to $130 million. Year-to-date performance showed an 11% revenue increase to $2.74 billion and a 21% rise in adjusted EPS to $0.68.

Key developments include a 12% dividend increase to $0.065 per share and a new $500 million share repurchase program. The company secured multiple significant contracts, including a $416 million USACE Honolulu District deal. Despite USAID contract terminations leading to a $92.4 million goodwill impairment charge, Tetra Tech raised its FY25 guidance, projecting net revenue of $4.400-4.765 billion and adjusted EPS of $1.42-1.52.

Tetra Tech (NASDAQ: TTEK) has announced a definitive agreement to acquire SAGE Group Holdings Ltd, a leading automation solutions provider. SAGE Group specializes in municipal water and industrial manufacturing automation, smart infrastructure, and systems integration. The acquisition will enhance Tetra Tech's digital systems capabilities by adding expertise in electrical and instrumentation design, engineered control systems, cybersecurity, and cloud integration. The deal will strengthen Tetra Tech's position in delivering advanced technology solutions to utilities and private sector clients. SAGE Group will join Tetra Tech's Commercial International Business Group, bringing complementary expertise in industrial digitalization, AI, and cybersecurity. The acquisition is subject to customary closing conditions.

Adecoagro announces major board restructuring following Tether Investments' acquisition of a 70% stake in the company. Five board members have resigned, including Ana Cristina Russo and Guillaume van der Linden, making way for new appointments led by Juan José Sartori Piñeyro as Executive Chairman.

The new nine-member board includes fresh appointments: Christian De Prati, Andres Larriera, Kyril Robert Leonid Louis-Dreyfus, and Oscar Alejandro León Bentancor, joining existing members like CEO Mariano Bosch. The board will operate through five committees: Strategy, Risk & Commercial, ESG, Talent & Compensation, and Audit.

CEO Mariano Bosch expressed gratitude to departing members and welcomed the new leadership, emphasizing Tether's support in driving future growth. The changes will be formally approved at the General Shareholders' Meeting on June 6, 2025.

Tetra Tech (NASDAQ: TTEK) has been awarded a contract by the City of Cape Coral, Florida, to expand its North Reverse Osmosis Water Treatment Plant. The $60 million expansion project aims to increase the plant's production capacity by 50% and double its ground storage reservoir capacity.

The project involves implementing innovative technologies for energy recovery and process optimization of the existing treatment system. Tetra Tech's scope includes engineering design, technical plans and specifications, permitting, and testing and commissioning services to convert brackish groundwater into high-quality drinking water.

This expansion will help the City maintain reliable service for its growing population while reducing pressure on local aquifers. Tetra Tech has been providing water treatment solutions in Florida for almost 40 years.

Tetra Tech (NASDAQ: TTEK) has secured a new contract from Orange County Utilities (OCU) in Florida for engineering design and technical services to expand the Eastern Water Reclamation Facility near Orlando. The project involves providing advanced wastewater treatment solutions for a 451-square-mile service area.

The scope includes conducting advanced modeling to optimize processes and preparing designs for increased treatment capacity. The company will focus on enhancing operations, energy efficiency, and resilience to accommodate growing wastewater flows. This contract builds upon Tetra Tech's nearly 20-year relationship providing water and wastewater infrastructure solutions to OCU.

Tetra Tech (NASDAQ: TTEK) has secured a contract from the City of Bartlesville, Oklahoma, to provide engineering design and technical services for the state's first indirect potable reuse (IPR) project. Following their initial IPR pilot study, Tetra Tech will design innovative solutions to increase the Chickasaw Wastewater Treatment Plant's capacity by 15%.

The project involves treating up to 50% of daily wastewater flows, which will be redirected upstream into the Caney River for recapture, retreatment, and distribution through the City's water system during extreme drought conditions. This innovative water reuse solution is expected to extend Bartlesville's water supply by up to 40 years and supports Oklahoma's 'Water for 2060' goals.

Tetra Tech (NASDAQ: TTEK), a leader in consulting and engineering services focused on water, environment, and sustainable infrastructure, has scheduled its second quarter 2025 earnings announcement. The company will release its Q2 2025 financial results on Wednesday, May 7, 2025, after market close.

A conference call to discuss the results and future outlook is planned for Thursday, May 8, 2025, at 8:00 a.m. Pacific Time. Investors can access the live audio-visual webcast through the company's website at tetratech.com/investors, with a replay available after the call.

Tetra Tech (NASDAQ: TTEK) has secured an $8 million contract from the City of Gloucester, Massachusetts, for engineering design and technical services in a major wastewater treatment modernization program. The project focuses on upgrading one of the last primary treatment plants in the United States.

The first phase involves integrating secondary treatment into Gloucester's aging Water Pollution Control Facility. Tetra Tech's innovative design concept for this $100 million modernization project includes:

• Minimizing disruptions to plant operations
• Adaptability for future capacity needs
• Compliance with regulatory requirements
• Reduced energy consumption and costs
• Enhanced flood protection resiliency measures