UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-19655 TETRA TECH, INC. (Exact name of registrant as specified in its charter) Delaware 95-4148514 (State or other jurisdiction ...

Key Takeaways TTEK beats Q1 earnings and revenue estimates, with adjusted EPS of 35 cents topping guidance and consensus.TTEK saw strength in U.S. federal, state and local, and international markets despite lower total revenues.TTEK raised its fiscal 2026 earnings and net revenue outlook, citing improved margins and demand visibility.Tetra Tech, Inc. (TTEK) reported first-quarter fiscal 2026 (ended December 2025) adjusted earnings of 35 cents per share, which surpassed the Zacks Consensus Estimate of 31 cen ...

Financial Data and Key Metrics Changes - The company reported net revenue of $987 million for the first quarter, an increase of 8% from the prior year [5] - Operating income rose to $131 million, up 12% year-over-year [5] - Adjusted earnings per share (EPS) increased by 17% to $0.34, while GAAP EPS was reported at $0.40 [5][6] Business Segment Performance - The Government Services segment generated $382 million in revenue, growing 5% despite a U.S. government shutdown [6] - The Commercial and International Group segment's revenue increased by 10% to $605 million, driven by growth in the UK and Ireland [6][7] - Margins for both segments improved by 40 basis points, with Government Services at 18% and Commercial International at 13% [6][7] Market Data and Key Metrics Changes - Federal work increased by 7%, primarily due to projects with the U.S. Army Corps of Engineers [8] - State and local markets in the U.S. grew by 10%, driven by municipal water treatment initiatives [8] - International revenue accounted for 48% of total revenue, growing at a rate of 13%, with significant contributions from the UK and Ireland [9] Company Strategy and Industry Competition - The company focuses on water supply, treatment, flood control, and environmental stewardship, which are in high demand [3] - Strategic growth areas include technology and automation, with plans for acquisitions to enhance capabilities in defense and environmental services [18][25] - The company aims to leverage its strong balance sheet for future acquisitions, targeting firms that can enhance its market position [70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue growth despite challenges like the government shutdown, anticipating increased federal orders as budget clarity improves [10][11] - The company expects international growth to continue at a rate of 5%-10%, supported by water programs and defense spending [27] - Guidance for the second quarter is set at $975 million to $1.025 billion in net revenue, with adjusted EPS of $0.30 to $0.33 [29] Other Important Information - The company announced a 12% increase in its quarterly cash dividend, marking the 47th consecutive dividend payment [18] - A stock buyback program was initiated, with $50 million repurchased in the first quarter [19] - The company divested its Norway operation, which was deemed non-core, prior to Christmas [82] Q&A Session Summary Question: Strength in Federal Business - Management highlighted that the federal business grew 7% due to advanced planning and strong relationships with clients, particularly the U.S. Army Corps of Engineers [37][40] Question: International Business Performance - The UK and Ireland have shown strong double-digit growth, while Canada is recovering and Australia is stabilizing after previous declines [41][46][48] Question: Guidance and Market Conditions - Management discussed the potential impact of a government shutdown on guidance, noting that while it could affect the lower end, essential services would likely continue [59][61] Question: Focus on M&A - The company is looking to leverage its strong balance sheet for strategic acquisitions, with a focus on larger, transformative opportunities [67][70] Question: Details on Recent Acquisitions - Recent acquisitions include Halvik and Providence, which are expected to enhance the company's capabilities in defense and consulting [79][81]

Tetra Tech (NasdaqGS:TTEK) Q1 2026 Earnings call January 29, 2026 11:00 AM ET Company ParticipantsDan Batrack - CEORoger Argus - PresidentSabahat Khan - Managing Director of Global ResearchSteve Burdick - EVP and CFOTim Mulrooney - Group Head of Global ServicesConference Call ParticipantsAndy Wittmann - Senior Research AnalystMichael Dudas - Partner and Equity Research AnalystSangita Jain - Senior Equity Research AnalystOperatorGood morning, and thank you for joining the Tetra Tech earnings call. As a remin ...

Financial Data and Key Metrics Changes - The company reported net revenue of $987 million for the first quarter, an increase of 8% from the prior year [5] - Operating income rose to $131 million, up 12% year-over-year [5] - Adjusted earnings per share (EPS) increased by 17% to $0.34, while GAAP EPS was reported at $0.40 [5][12] Business Segment Performance - The Government Services segment generated $382 million in revenue, growing 5% despite a U.S. government shutdown [6] - The Commercial and International Group segment's revenue increased by 10% to $605 million, driven by growth in the UK and Ireland [6][7] - Margins for both segments improved by 40 basis points, with Government Services at 18% and Commercial International at 13% [6][7] Market Data and Key Metrics Changes - Federal work increased by 7%, primarily due to projects with the U.S. Army Corps of Engineers [8] - U.S. state and local markets grew by 10%, driven by municipal water treatment and digital water modernization [8] - International work accounted for 48% of total revenues, growing at a rate of 13% [9] Company Strategy and Industry Competition - The company focuses on water supply, treatment, flood control, and environmental stewardship, which remain in high demand [3] - Strategic growth areas include technology and automation, with plans for acquisitions to enhance capabilities [17][24] - The company aims to leverage its strong balance sheet for investments in growth opportunities [16][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue growth despite challenges like the government shutdown, expecting federal orders to increase in the second half of the fiscal year [10][11] - The company anticipates continued strong demand in water and environmental services, with a forecasted revenue growth rate of 5%-10% for international markets [25][26] - Management highlighted the importance of bipartisan support for future growth, particularly in federal spending [59] Other Important Information - The company announced a 12% increase in its quarterly cash dividend, marking the 47th consecutive quarterly dividend [17] - A stock buyback program was initiated, with $50 million repurchased in the first quarter [18] - The company divested its Norway operation, which was deemed non-core, while acquiring Halvik and Providence to enhance its consulting services [77][80] Q&A Session Summary Question: Strength in Federal Business - Management noted that the 7% growth in federal business was supported by advanced planning and strong relationships with clients, particularly the U.S. Army Corps of Engineers [35][38] Question: International Business Performance - The UK and Ireland have shown strong double-digit growth, while Canada is performing well with significant infrastructure investments [40][42] - Australia is recovering from previous declines, moving from -15% growth to flat performance [44][46] Question: Guidance and Market Conditions - Management indicated that guidance reflects a midpoint of 9% revenue growth, with potential risks from government shutdowns impacting the low end of the range [56][58] Question: M&A Focus and Strategy - The company is looking for strategic acquisitions that could justify higher leverage, with a focus on partnerships that transform the industry [65][66] - Management emphasized the importance of maintaining shareholder value while pursuing growth through acquisitions [72][74]

Earnings Call Q1 26 January 29, 2026 Dan Batrack, Chairman & CEO Roger Argus, President & CEO-Designate Steve Burdick, Executive VP & CFO Forward-Looking Statements & Non-GAAP Financial Measures All statements in this communication other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investmen ...

Tetra Tech (TTEK) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.90%. A quarter ago, it was expected that this consulting and engineering services company would post earnings of $0.4 per share when it actually produced earnings of $0.45, delivering a surprise of +12.5%.Over the l ...

Financial Performance - Revenue for Q1 FY26 totaled $1.21 billion, with net revenue of $1.04 billion, representing an 8% increase excluding USAID/DOS and Q1-25 Hurricanes[3][6] - Operating income was $141 million, and adjusted EBITDA was $147 million, with an adjusted EBITDA margin improvement of 80 basis points year-over-year[3][7] - EPS increased by 17% year-over-year to $0.40, while adjusted EPS was $0.35[3][6] - Revenue for the three months ended December 28, 2025, was $1,210.7 million, a decrease of 15% compared to $1,420.6 million for the same period in 2024[22] - Gross profit for the same period was $220.4 million, slightly down from $221.5 million year-over-year[22] - Net income attributable to Tetra Tech for the three months ended December 28, 2025, was $105.0 million, compared to $0.7 million in the prior year, representing a significant increase[22] - Earnings per share attributable to Tetra Tech was $0.40 for the three months ended December 28, 2025, compared to a loss in the same period last year[22] - Adjusted EBITDA for the three months ended December 28, 2025, was $147.3 million, compared to $153.2 million in the prior year[26] Cash Flow and Operations - Cash from operations was $72 million in Q1 and $517 million over the trailing 12 months[3] - Net cash provided by operating activities was $72.3 million, a substantial increase from $13.1 million in the prior year[24] - Net cash provided by investing activities was $37.5 million, compared to a cash outflow of $3.4 million in the same period last year[24] - Cash and cash equivalents at the end of the period were $269.4 million, up from $248.1 million at the end of the same period last year[24] - Tetra Tech's DSO improved to 51 days, reflecting better cash flow management[7] Strategic Initiatives - Tetra Tech is raising its FY26 net revenue guidance to a range of $4.15 billion to $4.30 billion and adjusted EPS guidance to a range of $1.46 to $1.56[11] - The company announced two strategic acquisitions to enhance its front-end consulting services for defense clients[8] - Significant contracts include a $151 billion ten-year contract for the U.S. Missile Defense Agency and a $500 million contract for environmental services for USACE Baltimore District[7] - The company plans to continue focusing on market expansion and new product development to drive future growth[22] Shareholder Returns - The company repurchased $50 million of common stock in Q1, with $548 million remaining under its share repurchase programs[9] - The company reported a gain on the sale of a divested business amounting to $7.7 million during the quarter[24] Backlog and Future Potential - Backlog at the end of Q1 was $3.95 billion, indicating strong future revenue potential[3][6]

PASADENA, Calif.--(BUSINESS WIRE)-- #advisoryservices--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that it has acquired Halvik Corp (Halvik), a high-end provider of advisory consulting services focused on advanced data analytics, systems modernization, and cybersecurity for U.S. defense and civilian agencies. "The addition of Halvik expands our high-end analytics and digital solutio ...

Group 1: Company Overview - Cemex (CX) is a notable stock in the Construction sector, which consists of 93 individual stocks ranked 16 in the Zacks Sector Rank [2] - Cemex currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - The Zacks Consensus Estimate for Cemex's full-year earnings has increased by 15.7% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] - Year-to-date, Cemex has gained approximately 6.8%, outperforming the average gain of 4.7% for the Construction sector [4] Group 3: Industry Comparison - Cemex is part of the Building Products - Concrete and Aggregates industry, which includes 5 companies and is currently ranked 110 in the Zacks Industry Rank [6] - The Building Products - Concrete and Aggregates industry has seen a year-to-date gain of about 24.7%, indicating that Cemex is slightly underperforming its industry peers [6] Group 4: Competitor Analysis - Tetra Tech (TTEK), another stock in the Construction sector, has a year-to-date return of 5.8% and also holds a Zacks Rank of 2 (Buy) [5] - Tetra Tech belongs to the Engineering - R and D Services industry, which is ranked 103 and has moved up by 7.6% year to date [7]