Tetra Tech Stock Price, News & Analysis

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.

Tetra Tech, Inc. (NASDAQ: TTEK) announced the acquisition of Piteau Associates, a leader in sustainable natural resource analytics based in Vancouver. This acquisition bolsters Tetra Tech's sustainable water management services, enhancing its capabilities in hydrologic modeling and geotechnics. Piteau, established in 1976, brings a knowledgeable team with advanced degrees and a strong commitment to quality solutions. The transaction terms remain undisclosed, but it is expected to boost Tetra Tech’s market reach and service offerings for commercial resource management clients.

Tetra Tech, Inc. (NASDAQ: TTEK) congratulates Dr. Leslie L. Shoemaker, President and Chief Sustainability Officer, on her election to the National Academy of Engineering (NAE). Recognized for her innovative technology in watershed management, Dr. Shoemaker will be inducted in October, enhancing Tetra Tech's reputation in sustainable solutions. Since joining Tetra Tech in 1991, she has pioneered advanced analytics in watershed modeling. Under her leadership, the company aims to positively impact one billion people globally.