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Tetra Tech, Inc. - TTEK STOCK NEWS

Welcome to our dedicated news page for Tetra Tech (Ticker: TTEK), a resource for investors and traders seeking the latest updates and insights on Tetra Tech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tetra Tech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tetra Tech's position in the market.

Rhea-AI Summary
Tetra Tech, Inc. (TTEK) awarded a framework by Uisce Éireann, Ireland’s National Water Utility, to provide comprehensive drinking water and wastewater management services. The five-year framework aims to improve compliance with environmental standards, promote water resource conservation, and assess critical infrastructure for future maintenance and investment decisions aligned with national planning and climate change policies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
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Rhea-AI Summary
Tetra Tech, Inc. (NASDAQ: TTEK) Achieves Record Quarterly and Annual Results, Revenue Up 40% Y/Y
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.48%
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Rhea-AI Summary
Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $33 million task order by the U.S. Army Corps of Engineers to provide architectural and engineering services for the design of a new 1,200-foot navigation lock on the Illinois River. This project, part of the USACE Great Lakes and Ohio River Division’s Infrastructure Investment and Jobs Act (IIJA) Contract, aims to improve efficiency, reliability, and safety for navigation traffic along the river. The new lock will be twice as long as the existing lock system, reducing wait times by over seventy percent, accommodating larger vessels, and enhancing mariner safety.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
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none
Rhea-AI Summary
Tetra Tech, Inc. has been awarded an $800 million contract by the U.S. Army Engineering Support Center to remove and replace aqueous film forming foam (AFFF) containing PFAS from fire suppression systems at installations throughout the United States. AFFF has been shown to be toxic and persistent in the environment. Tetra Tech will use innovative technologies and its proprietary PFAScrub cleaning agent to safely decontaminate and dispose of AFFF containing PFAS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
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Rhea-AI Summary
Tetra Tech announces dates for Q4 and fiscal 2023 results and conference call
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End-of-Day
0.11%
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Rhea-AI Summary
Tetra Tech awarded $450 million contract by EPA for environmental clean-up in the Great Lakes region
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
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Rhea-AI Summary
Tetra Tech awarded $22M contract for Seadragon offshore wind project in Australia
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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Rhea-AI Summary
Tetra Tech, Inc. announced the pricing of $500.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2028 in a private placement. The notes will be general unsecured obligations and will accrue interest at a rate of 2.25% per year. Tetra Tech estimates net proceeds of approximately $487.1 million from the offering. The company plans to use the proceeds to pay for capped call transactions, repay outstanding loans, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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Rhea-AI Summary
Tetra Tech plans to offer $500.0 million aggregate principal amount of Convertible Senior Notes due 2028 in a private placement. The company also plans to grant the initial purchasers an option to purchase an additional $75.0 million aggregate principal amount of the notes. The notes will be general unsecured obligations of Tetra Tech and will accrue interest payable semiannually in arrears. The net proceeds from the offering will be used to pay the cost of capped call transactions, repay outstanding loans, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.54%
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none
Rhea-AI Summary
Tetra Tech, Inc. (NASDAQ: TTEK) reported record revenue of $1.21 billion, up 36% Y/Y, and record EBITDA of $119 million, up 33% Y/Y for the third quarter ended July 2, 2023. Backlog also reached a record high of $4.39 billion, up 25% Y/Y. The company's Chairman and CEO, Dan Batrack, attributes the strong performance to increasing demand for services in water, environment, and sustainable infrastructure, driven by climate change impacts. Tetra Tech raised its net revenue and EPS guidance for fiscal 2023 based on its robust performance and record backlog.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
Tetra Tech, Inc.

Nasdaq:TTEK

TTEK Rankings

TTEK Stock Data

10.27B
52.92M
0.47%
94.63%
1.59%
Engineering Services
Professional, Scientific, and Technical Services
Link
US
Pasadena

About TTEK

tetra tech is a leading provider of consulting, engineering, and technical services worldwide. we are a diverse company, including individuals with expertise in science, research, engineering, construction, and information technology. our strength is in collectively providing integrated services—delivering the best solutions to meet our clients’ needs. employees: 13,000 revenue: $2.3 billion (fy 2015) nasdaq symbol: ttek geographic reach: more than 300 offices worldwide