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 a contract from the U.S. Army Corps of Engineers, Sacramento District, to manage risks for dams and levee systems in the western United States. This multiple-award contract spans up to five years, focusing on site characterization, environmental assessments, and hydrologic analyses aimed at enhancing dam safety. CEO Dan Batrack emphasized the need for improved management approaches due to climate change impacts on infrastructure. Tetra Tech aims to leverage its expertise to mitigate flood risks and uphold public safety.
Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Enterprise Automation (EA), a leader in digital water transformation consulting. This acquisition enhances Tetra Tech's capabilities in control systems integration, automation, and data analytics, furthering its digital water consulting services. CEO Dan Batrack highlighted the strategic importance of EA's expertise in improving operational efficiency and cyber security for water sector clients. The financial terms of the acquisition were not disclosed. EA will join Tetra Tech's Government Services Group.
Tetra Tech, Inc. (NASDAQ: TTEK) announced the release date for its fourth quarter and fiscal 2021 financial results, scheduled for November 17, 2021, after market close. A conference call will take place on November 18, 2021, at 8:00 a.m. PT, to discuss these results and future outlook. Tetra Tech specializes in providing high-end consulting and engineering services, focusing on complex issues in water, environment, and renewable energy, with a workforce of 21,000 associates.
Tetra Tech, Inc. (NASDAQ: TTEK) has secured a five-year, $25 million contract from the U.S. Agency for International Development (USAID) to enhance water, sanitation, and hygiene (WASH) services in Tanzania. The project will leverage Tetra Tech’s expertise in engineering and technical advisory services to improve Tanzania’s water resource management and address climate change impacts. Tetra Tech has over 40 years of experience in supporting USAID in developing countries, aiming to bolster community access to essential water and sanitation services.
Tetra Tech, Inc. (NASDAQ: TTEK) has secured a $22.4 million task order under its $169 million contract to provide consulting and engineering services to the U.S. Department of Labor's Bureau of Labor Statistics. This five-year task order includes full life-cycle software development, database design, and data analytics. Tetra Tech aims to support the Bureau's modernization efforts, continuing its longstanding partnership to deliver timely economic statistics.
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $19.5 million contract by the U.S. Agency for International Development (USAID) for a four-year project to implement the Water and Energy for Food (WE4F) Southern and Central Africa Regional Innovation Hub. This initiative aims to scale water-energy-food nexus innovations to enhance sustainable food production and promote climate resilience. Tetra Tech will provide technical assistance to regional companies to increase food production through sustainable practices, continuing its 30-year support of USAID's energy reform programs in Sub-Saharan Africa.
Tetra Tech, Inc. (NASDAQ: TTEK) has authorized a new $400 million share repurchase program, doubling the previous authorization. This brings the total available for repurchases to $563 million. The company generated $294 million in cash from operations over the last twelve months, returning $98 million to shareholders through buybacks and dividends. Tetra Tech's net debt leverage ratio stands at 0.1x. The CEO emphasized that this repurchase reflects confidence in the company’s long-term growth and a balanced capital allocation strategy.
Tetra Tech, Inc. (NASDAQ: TTEK) announced the awarding of a five-year, multiple-award contract by the U.S. Agency for International Development (USAID) worth up to $800 million. This contract focuses on providing global architect-engineer services aimed at fostering sustainable economic growth, enhancing food security, and addressing global health issues. Tetra Tech's team will deliver engineering design services for climate-resilient infrastructure, which includes water supply, sanitation, and urban planning, leveraging over 15 years of partnership with USAID.
Tetra Tech, Inc. (NASDAQ: TTEK) has secured a five-year, $49 million contract from the National Oceanic and Atmospheric Administration (NOAA) to assist the Office for Coastal Management’s Digital Coast program. The company will provide geospatial services aimed at managing coastal resources across U.S. territories, addressing issues like sea level rise and climate change. Tetra Tech will utilize advanced data acquisition methods including LiDAR and satellite imagery to develop high-resolution maps, supporting NOAA’s mission for sustainable coastal management.
Tetra Tech, Inc. (TTEK) reported a record revenue of $802 million for Q3 2021, marking a 13% year-over-year increase. Net revenue rose by 14% to $638 million, with EPS at $0.95, a 14% increase. The backlog reached an all-time high of $3.25 billion, driven by strong demand in water and environmental services. On July 27, Tetra Tech acquired Hoare Lea, enhancing its sustainable engineering capabilities. The company also declared an 18% dividend increase to $0.20 per share and initiated a $15 million share repurchase program.