Tetra Tech Stock Price, News & Analysis

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.

Tetra Tech, Inc. (NASDAQ: TTEK) announced its first quarter 2021 results will be disclosed on January 27, 2021, after market close. A conference call to discuss the results and company outlook is set for January 28, 2021, at 8:00 a.m. PT. Investors can access the live webcast on Tetra Tech's website. The company provides high-end consulting and engineering services across various sectors, including water, environment, and energy, employing 20,000 associates to deliver sustainable solutions.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $185 million multiple-award contract by the U.S. Army Corps of Engineers (USACE) Kansas City District. This five-year contract will enable Tetra Tech to employ high-end technologies and advanced analytics to enhance environmental programs for federal agencies. Tetra Tech has a strong history with USACE, serving as a valued client for over 40 years. The firm is recognized as a leader in environmental management by Engineering News-Record and aims to tackle complex environmental challenges using their 'Leading with Science' approach.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a five-year, single-award contract by FEMA, valued at up to $50 million, aimed at enhancing resilience and reducing recovery costs in disaster-affected communities. This contract is part of FEMA’s Hazard Mitigation Technical Assistance Program and involves technical support services for communities to better prepare for natural disasters such as floods, earthquakes, and wildfires across 15 midwestern states. Tetra Tech will implement innovative technologies to streamline data collection and improve recovery efficiency.