Tetra Tech Stock Price, News & Analysis

Tetra Tech (NASDAQ: TTEK) has announced its second quarter 2021 results release and conference call schedule. The results will be disclosed after market close on April 28, 2021, followed by a conference call on April 29, 2021, at 8:00 a.m. PT. Investors can access the call through a live audio-visual webcast on Tetra Tech's investor relations website. The company, known for its high-end consulting and engineering services, employs 20,000 associates worldwide, focusing on water, environment, renewable energy, and sustainable infrastructure solutions.

Tetra Tech, Inc. (NASDAQ: TTEK) has secured a $49 million contract from the U.S. Army Corps of Engineers (USACE) for architecture and engineering services over five years. This contract focuses on environmental services aimed at protecting and restoring natural environments across the U.S., utilizing advanced technology and analytics to tackle issues like emerging contaminants, particularly PFAS. Tetra Tech has maintained a valued relationship with USACE for over 40 years, emphasizing its commitment to sustainable and innovative solutions.

Tetra Tech (NASDAQ: TTEK) secured a five-year, $2 billion contract with the U.S. Air Force Civil Engineering Center. The contract focuses on global architecture and engineering design services for military facility sustainability and modernization. Tetra Tech aims to deliver innovative solutions including advanced data analytics and asset management. This contract builds on Tetra Tech's 30-year relationship with the USAF, showcasing its commitment to sustainable infrastructure.

Tetra Tech (NASDAQ: TTEK) has been awarded a five-year contract worth $38.8 million by the United States Agency for International Development (USAID) for the Sustainable Energy for Indonesia’s Advancing Resilience (USAID SINAR) initiative. This funding aims to enhance reliable sustainable energy services in Indonesia. Tetra Tech will implement innovative energy solutions, promote smart grid technologies, and support renewable energy integration, contributing to Indonesia's sustainable development goals in the energy sector.

Tetra Tech (NASDAQ: TTEK) announced a five-year contract awarded by the U.S. Army Corps of Engineers (USACE) for risk assessment and management of dams and levee systems across the U.S. The Tetra Tech-led joint venture will conduct site studies, engineering evaluations, and hydrologic analyses to ensure safety and structural integrity. CEO Dan Batrack emphasized the need for these services due to climate change impacts, highlighting Tetra Tech's commitment to reducing flood risks and enhancing public safety through their science-driven approach.

Tetra Tech (NASDAQ: TTEK) has expanded its advanced analytics business through the acquisition of Coanda Research & Development Corporation in Burnaby, British Columbia. Coanda enhances Tetra Tech's capabilities in computational fluid dynamics, data analytics, and process engineering. This acquisition aims to strengthen Tetra Tech's position in delivering customized solutions to commercial clients, aligning with its strategy of Leading with Science. The financial terms of the acquisition were not disclosed.

Tetra Tech, a leader in consulting and engineering services, reported strong first-quarter results for the period ending December 27, 2020. Revenue reached $765 million, with net revenue at $605 million. Operating income increased by 5% year-over-year to $66 million, and EPS rose 13% to $0.96. The company generated $33 million in cash from operations, up significantly due to a reduction in days sales outstanding. With a backlog of $3.2 billion, Tetra Tech's outlook for fiscal 2021 is optimistic, raising guidance for EPS and net revenue.