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 an engineering and consulting company focused on water, environment, and sustainable infrastructure, and its news flow reflects this specialization. Company announcements highlight high-end consulting and engineering services for projects worldwide, emphasizing its Leading with Science® approach to the entire water cycle, environmental protection, and resilient infrastructure design.
On this news page, readers can review updates on major contract awards, project milestones, and strategic transactions. Recent releases describe multiple-award and single-award contracts with the U.S. Army Corps of Engineers and the U.S. Navy for environmental remediation, planning, and engineering services, as well as selection by the Missile Defense Agency for the SHIELD IDIQ contract. Other news covers international work, such as energy infrastructure support for EirGrid in Ireland and groundwater monitoring services for the Thames Tideway Tunnel project in the United Kingdom.
The news feed also includes corporate developments such as leadership changes, board appointments, and planned acquisitions. Examples include the planned appointment of a new Chief Executive Officer, promotions within the executive team, the addition of directors with deep experience in water and environmental services, and the definitive agreement to acquire Providence Consulting Group Pty Ltd in Australia to expand advisory and defense-related consulting capabilities.
Investors and followers of TTEK can use this page to track earnings announcements and financial updates, including quarterly and annual results, dividend declarations, and forward-looking guidance as disclosed in press releases. By reviewing these items together, readers gain insight into Tetra Tech’s evolving project portfolio, geographic reach, and strategic priorities in water, environmental, and infrastructure markets. Bookmark this page to access the latest TTEK news and historical announcements in one place.
Tetra Tech, Inc. (NASDAQ: TTEK) announced the appointment of Prashant Gandhi to its Board of Directors, effective May 1, 2022. Mr. Gandhi brings over 20 years of expertise in digital systems and data analytics, previously serving in senior roles at McKinsey & Company and JP Morgan Chase. He will contribute to the Nominating and Corporate Governance, and Compensation Committees. Tetra Tech's CEO, Dan Batrack, emphasized Mr. Gandhi's relevant experience in digital transformation, aligning with the company's strategic focus on enhancing Tetra Tech Delta technologies.
Tetra Tech, Inc. (NASDAQ: TTEK) has announced a new $1 billion sustainability-linked credit facility, enhancing its borrowing capacity by $100 million. The facility is tied to GHG emission reductions and measures that improve lives through environmental, social, and governance benefits. Since initiating its sustainability program, Tetra Tech has reduced GHG emissions by 78%. This move reflects its commitment to sustainability, reinforced by its ambitious goal of being carbon negative by 2030.
Tetra Tech, Inc. reported strong first quarter results for fiscal 2022, with revenue reaching
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a
Tetra Tech, Inc. (NASDAQ: TTEK) has announced that it will release its first quarter 2022 financial results on February 2, 2022, after market close. A conference call to discuss these results is scheduled for February 3, 2022, at 8:00 a.m. Pacific Time. Interested parties can access a live webcast via the company's investor relations page. As a provider of high-end consulting and engineering services, Tetra Tech employs 21,000 associates globally and focuses on sustainable solutions in various sectors, including water and renewable energy.
Tetra Tech, Inc. (NASDAQ: TTEK) has secured a position on all six lots of the Crown Commercial Service's (CCS) new four-year Construction Professional Services framework, marking a significant achievement for the company. This framework has a potential spend of £1.7 billion and focuses on various engineering and project management services, supporting UK public sector infrastructure investments. Tetra Tech aims to utilize its Leading with Science® approach to deliver sustainable infrastructure solutions that align with the UK’s net zero emission targets.
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a five-year, $24 million contract by the U.S. Agency for International Development (USAID) to work on climate change initiatives in Cambodia. Through the Morodok Baitang project, the company aims to enhance biodiversity, promote economic development, and strengthen natural resource governance. Tetra Tech has over 40 years of experience in supporting USAID’s environmental initiatives. This contract highlights Tetra Tech's commitment to sustainable solutions and climate resilience.
Tetra Tech, Inc. (NASDAQ: TTEK) announced a significant contract with the Federal Emergency Management Agency (FEMA) under the Advancing Resilience in Communities (ARC) joint venture. This indefinite delivery, indefinite quantity contract has a ceiling of $300 million and spans up to five years. The joint venture will provide technical support to assess and manage flood risks in the northeastern United States using advanced analytics and predictive modeling. This partnership aims to enhance community resilience against flood impacts.
Tetra Tech reported record quarterly results for Q4 with revenue of $892 million, up 18% year-over-year. Net revenue reached $709 million, up 20%, while EPS was $1.52, reflecting an 85% increase year-over-year.
Fiscal year revenue totaled $3.21 billion, with net revenue of $2.55 billion. The company also declared an 18% dividend increase and announced a $400 million share buyback. Tetra Tech's backlog hit a record $3.48 billion, up 7% year-over-year.
Tetra Tech, Inc. (NASDAQ: TTEK) has received a five-year, $22 million contract from the U.S. Agency for International Development (USAID) to enhance sustainable water, sanitation, and hygiene (WASH) practices and climate-resilient water resource management (WRM). This project, part of the URBAN WASH program, aims to improve equitable access to water and sanitation in urban areas globally. Tetra Tech will leverage its expertise to create impactful policies through collaboration with various stakeholders.