Tetra Tech Stock Price, News & Analysis

Tetra Tech (NASDAQ: TTEK) has been selected by Uisce Éireann (formerly Irish Water) as part of a joint venture to provide technical services for expanding Ireland's water infrastructure. The project team includes Tetra Tech's RPS operations, AtkinsRéalis, and Long O'Donnell.

The Water Supply Project for the Eastern and Midlands Region involves designing sustainable water infrastructure including:

• A new water treatment plant
• Pumping stations
• Over 170 kilometers of pipeline network

This critical national infrastructure project aims to address water supply needs for up to 50% of Ireland's population, utilizing Tetra Tech's Leading with Science® approach and evidence-based solutions.

Tetra Tech (NASDAQ: TTEK) has acquired Irish management consulting firm Carron + Walsh, expanding its presence in European infrastructure programs. The acquisition strengthens Tetra Tech's project and cost management capabilities, particularly in the Republic of Ireland.

Carron + Walsh specializes in delivering management solutions for large-scale commercial, life sciences, residential and infrastructure programs across Europe. The firm maintains valuable relationships with life sciences clients, public sector bodies, housing authorities, financial lenders, and private development companies.

The acquisition aligns with Tetra Tech's Leading with Science® approach and enhances its technology suite in project management services. The partnership enables Carron + Walsh to scale its impact while maintaining service quality, with opportunities in defense, government, and commercial sectors across Europe.

Tetra Tech (NASDAQ: TTEK) has secured a significant $249 million multiple-award contract from the U.S. Army Corps of Engineers (USACE), Mobile District. The 5-year agreement focuses on providing comprehensive planning and environmental services for military installations worldwide.

Under this contract, Tetra Tech will deliver technical services supporting major environmental initiatives including NEPA compliance, PFAS assessments, and master planning. The company's scientists and engineers will conduct various analyses including biological, chemical, ecological, and archaeological assessments, along with preparing management plans for natural resources and endangered species.

The scope may extend to ecosystem restoration, flood risk management, navigation, water supply, and hurricane damage reduction. This award builds upon Tetra Tech's 30-year relationship with the USACE Mobile District.

Tetra Tech (NASDAQ: TTEK) has secured a significant 5-year multiple-award contract from United Utilities for stormwater management services in the United Kingdom. The company will leverage its expertise to design innovative flooding control and stormwater overflow solutions.

Under the contract, Tetra Tech will provide technical support services utilizing predictive models to optimize existing and future wastewater network capacity. The company will implement its proprietary software tools, PLATO™ and SOCRATES™, to generate multiple scenarios for stormwater storage and water quality assessments, while incorporating nature-based solutions.

The contract builds upon Tetra Tech's RPS operations' nearly decade-long relationship with United Utilities in addressing complex wastewater challenges.

Tetra Tech (NASDAQ: TTEK) and its joint venture partner have been awarded three multiple-award contracts worth $416 million by the U.S. Army Corps of Engineers (USACE) Honolulu District. The 5-year contracts focus on providing design and technical services for civil works, military base infrastructure, and planning projects across the Indo-Pacific region.

Under these contracts, Tetra Tech's engineering team will deliver:

• Advanced computer modeling and engineering design services
• Master planning and area development plans
• Technical plans and specifications for facilities and infrastructure
• Facility assessments
• Water resources infrastructure design optimization
• Integrated water resources management plans

Tetra Tech (NASDAQ: TTEK) has secured a significant $240 million multiple-award contract from the U.S. Army Corps of Engineers (USACE), Middle East District. The 5-year agreement focuses on providing architectural and engineering (A-E) design services for military installations across the Middle East region.

Under this contract, Tetra Tech's engineering teams will deliver comprehensive services including:

• Planning and studies
• Conceptual and detailed design
• 3D modeling
• Advanced design services for infrastructure and facilities

The scope encompasses various critical infrastructure projects such as air bases, barracks, hospitals, laboratories, office buildings, and power generation systems. This contract builds upon Tetra Tech's 20-year history of providing A-E services to USACE in the Middle East region.

Tetra Tech (NASDAQ: TTEK) reported strong Q1 FY2025 results with record-breaking performance across key metrics. Revenue reached $1.42 billion (up 16% Y/Y), while net revenue hit $1.20 billion (up 18% Y/Y). The company achieved adjusted operating income of $138 million (up 24% Y/Y) and adjusted EPS of $0.35 (up 25% Y/Y).

The company secured significant new contracts totaling over $1 billion, including a $498 million USACE contract for architect-engineering services, and maintained an industry-leading DSO of 55.9 days. Backlog grew 15% Y/Y to $5.44 billion. The Board approved a 12% increase in quarterly dividend to $0.058 per share and continued its share repurchase program, with $323 million remaining under the $400 million authorization.

Tetra Tech (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, has announced its upcoming first quarter 2025 financial results schedule. The company will release its Q1 2025 results on Wednesday, January 29, 2025, after market close.

A conference call to discuss the financial results and forward outlook is scheduled for Thursday, January 30, 2025, at 8:00 a.m. Pacific Time. Investors can access a live audio-visual webcast through the company's website at tetratech.com/investors, with a replay available after the call.

Tetra Tech (NASDAQ: TTEK) reported record results for fiscal 2024, with revenue increasing 15% year-over-year to $5.20 billion and net revenue up 15% to $4.32 billion. Operating income grew 40% to $501 million, while EPS increased 21%. The company achieved a record backlog of $5.38 billion, up 12%. Notable contract wins include a $12 billion Defense Logistics Agency contract and a $5 billion USAID contract. The company announced a 12% increase in quarterly dividend and has $348 million remaining in its share repurchase program.