Tetra Tech Stock Price, News & Analysis

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.

Tetra Tech (NASDAQ: TTEK) has secured a five-year, single-award contract worth up to $30 million from the Utah Army National Guard. The contract focuses on watershed restoration and resiliency at Camp Williams training site, which has experienced increased risks from flooding, wildfires, and erosion due to extreme climate impacts over the past two decades. Tetra Tech's team of scientists and engineers will develop nature-based solutions to restore degraded habitats, mitigate future losses, and enhance biodiversity and ecosystem functions.

Tetra Tech (NASDAQ: TTEK) has been selected by the Defense Logistics Agency (DLA) for its $12 billion JETS 2.0 multiple-award contract. Under this indefinite delivery indefinite quantity contract, Tetra Tech will provide critical services including cybersecurity, operational technology, enterprise resource planning modernization, and supply chain optimization. The company's software engineers will develop applications to support DLA's global infrastructure. Through its Amyx operations, which has been a DLA partner for over 25 years, Tetra Tech will continue delivering Infrastructure Technology solutions.

Tetra Tech (NASDAQ: TTEK) has been awarded a $5 billion multiple-award IDIQ contract by USAID to support global democracy initiatives. The 10-year contract, through USAID's Office of Transition Initiatives, focuses on addressing governance and resiliency challenges in developing countries. Tetra Tech will work on strengthening local engagement, revitalizing critical infrastructure, and enhancing essential public services, including clean water supplies, using evidence-based approaches.

Tetra Tech (NASDAQ: TTEK), a provider of consulting and engineering services in water, environment, and sustainable infrastructure, has scheduled its fourth quarter and fiscal 2024 financial results announcement for November 13, 2024, after market close. The company will host a conference call to discuss results and future outlook on November 14, 2024, at 8:00 a.m. Pacific Time. A live audio-visual webcast will be accessible via tetratech.com/investors, with a replay available after the call.