Tetra Tech Stock Price, News & Analysis

Tetra Tech, Inc. (NASDAQ: TTEK) has enhanced its digital water practice through the acquisition of The Integration Group of Americas (TIGA), a leader in process automation and systems integration. The addition of TIGA brings high-end software engineering and advanced data analytics capabilities to Tetra Tech, expanding its services in water, environmental, and energy sectors. The terms of the acquisition were not disclosed, and TIGA will be integrated into Tetra Tech’s Government Services Group.

Tetra Tech, Inc. (NASDAQ: TTEK) has announced a strategic partnership with Cognite, a leader in industrial SaaS, to enhance digital transformation for utility clients. This collaboration aims to integrate Tetra Tech's utility management expertise with Cognite's DataOps platform, enhancing the speed and efficiency of data innovation, digital transformation, and decarbonization efforts.

The partnership focuses on reducing data complexity and improving operational efficiency, aiming to cut down data management time by 90% and accelerate digital use case development by 10-25 times.

Tetra Tech, Inc. (NASDAQ: TTEK) reported record second-quarter results for the period ending April 3, 2022. Revenue reached $853 million, a 13% increase year-over-year, while net revenue was $700 million, up 17%. Earnings per share (EPS) jumped 18% to $0.98. The company boasted a backlog of $3.61 billion, a 15% growth. Tetra Tech announced a 15% dividend increase and repurchased $50 million in stock. With improved cash flow and net debt ratio of 0.2x, the company raised its fiscal 2022 net revenue and EPS guidance.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded U.S. Patent Number 11,269,957 for its Volans™ 3D animation and visualization software. This innovative platform significantly enhances environmental impact assessments for the aviation industry, notably reducing modeling time by up to 90%. Volans™ is utilized by the FAA and various global aviation authorities. Tetra Tech emphasizes the importance of patenting to protect its intellectual property, enabling continued advancements in sustainable aviation solutions.

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has appointed Dr. Leslie L. Shoemaker as an independent director, effective immediately. Dr. Shoemaker, President of Tetra Tech (NASDAQ: TTEK), brings extensive experience in sustainability and environmental projects. She will serve on the Nominating and Corporate Governance Committee, enhancing Schnitzer's board with her expertise. This appointment increases the board to eight members, which supports Schnitzer's strategic initiatives and focus on sustainable growth.

Tetra Tech (NASDAQ: TTEK) has announced the dates for its second quarter 2022 financial results and conference call. The results will be released on May 4, 2022, after the market closes. A conference call is scheduled for May 5, 2022, at 8:00 a.m. PT to discuss the results and future outlook. Investors can access the live webcast via the company's website, with a replay available post-call. Tetra Tech is known for providing high-end consulting and engineering services globally, focusing on sustainable solutions.

Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Axiom Data Science, a leader in managing and analyzing oceanic data related to climate change, based in Anchorage, Alaska. This acquisition enhances Tetra Tech's advanced analytics capabilities in ocean and ecological data, supporting clients including NOAA and NASA. The transaction terms were not disclosed. Tetra Tech aims to provide sustainable solutions and improve decision-making for climate-related projects worldwide, leveraging Axiom's expertise for better data visualization and integration.