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. (TTEK) reported strong fiscal year 2020 results with revenue reaching $3.0 billion, a 12.6% EBITDA margin, and a net revenue of $2.3 billion. In Q4 alone, revenue was $753 million with adjusted EPS of $0.91. The company generated $262 million in cash from operations, a 26% increase year-over-year, and returned $152 million to shareholders via dividends and share repurchases. Tetra Tech's backlog grew to a record $3.24 billion, reflecting a 5% year-over-year increase. The Board declared a 13% dividend increase, payable in December 2020.
Tetra Tech (NASDAQ: TTEK) has announced the dates for its fourth quarter and fiscal 2020 results. The company will release these results after market close on November 11, 2020, followed by a conference call on November 12, 2020, at 8:00 a.m. Pacific Time. The call will detail financial results and future outlook. Interested investors can access a live webcast on Tetra Tech's investor website.
Tetra Tech, Inc. (NASDAQ: TTEK) has secured a significant contract worth $209 million from the U.S. Army Corps of Engineers (USACE), Mobile District. This contract, spanning five years, focuses on providing technical services for environmental initiatives, including conservation and sustainable infrastructure. The company has a long-standing relationship with USACE, having served them for over 40 years. Tetra Tech aims to leverage advanced technology and analytics in delivering innovative solutions for environmental planning and sustainability.
Tetra Tech (NASDAQ: TTEK) has secured a five-year, $24 million contract from USAID to enhance regional capacity for managing water resources and mitigating environmental risks in Central Asia. This initiative aims to promote economic stability and improve ecosystems through sustainable management practices in two major river basins. Tetra Tech will utilize advanced data analytics and integrated modeling to tackle complex water issues, aiming for better regional cooperation and decision-making.