Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Tetra Tech (TTEK) , which belongs to the Zacks Pollution Control industry. This consulting and engineering services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.05%. For the most recent quarter, Tetra was expected to post earnings of $1.3 ...

Other Notable Contracts Zacks Rank and Price Performance Other Stocks to Consider Tetra Tech, Inc. (TTEK) announced that it secured an additional $84 million to its single-award contract from the U.S. Agency for International Development ("USAID"). The deal aims to strengthen energy security in the Republic of Moldova. Tetra Tech currently carries a Zacks Rank #2 (Buy). Shares of the company have risen 30.7% in a year compared with the industry's 5.6% growth. Tetra Tech benefits from its focus on providing ...

Tetra Tech, Inc. (TTEK) is poised to gain from strength in the Government Services Group (GSG) segment, accretive acquisitions and shareholder-friendly moves. Let's delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment. Business Strength: Tetra Tech expects key factors, including U.S. administration priorities, U.S. infrastructure stimulus and its focus on climate change on a global basis, to drive markets in the quarters ahead. The U.S. administration tar ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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 March 31, 2024 OR Commission File Number 0-19655 TETRA TECH, INC. (Exact name of registrant as specified in its charter) Delaware 95-4148514 (State or other jurisdiction of ...

Tetra Tech, Inc. (NASDAQ:TTEK) Q2 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Dan Batrack – Chairman and Chief Executive Officer Steve Burdick – Chief Financial Officer Leslie Shoemaker – Chief Sustainability Officer Conference Call Participants Tim Mulrooney – William Blair Sangita Jain – KeyBanc Capital Markets Sabahat Khan – RBC Capital Markets Tate Sullivan – Maxim Group Operator Good morning, and thank you for joining the Tetra Tech Earnings Call. As a reminder, Tetra Tec ...

Exhibit 99.1 NEWS RELEASE May 1, 2024 Tetra Tech Reports Record Second Quarter Results and Raises Full Fiscal Year Guidance Pasadena, California. Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for its second quarter ended March 31, 2024. Second Quarter Highlights Recent Key Wins Non-GAAP financial measures which the Company believes provide valuable perspectives on its business ...

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 31, 2023 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 ...

Financial Data and Key Metrics Changes - In Q1 2024, net revenue increased by 38% to $1.02 billion, with EBITDA rising by 32% to $131 million, resulting in an EPS of $1.40, the highest for a first quarter [8][7][8] - The company raised its full-year guidance for net revenue and earnings per share, projecting a 20% year-over-year growth rate [7][8] Performance by Business Lines - The Government Services Group (GSG) revenue grew by 25% to $443 million, with a margin of 14.3%, driven by inland waterways and coastal flood protection programs [11] - The Commercial International Group (CIG) saw a 49% revenue increase with a margin of 12.5%, with significant contributions from the RPS acquisition and a 10% organic growth rate [12] Market Data and Key Metrics Changes - Revenue from US Federal clients surged by 49%, primarily due to the Department of Defense and USAID Resiliency Consulting [9] - International revenue increased by 74%, particularly in the UK and Australia, contributing to the overall growth [36] Company Strategy and Industry Competition - Tetra Tech focuses on the entire water cycle, with approximately 85% of annual revenue derived from water-related services, emphasizing its leadership in the water and environmental consulting sector [21][20] - The company is actively pursuing acquisitions aligned with its technical leadership in water and environmental services, indicating a strong pipeline for future growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for differentiated services in water and environmental markets, with Q1 results setting new records for revenue and profitability [60] - The company anticipates continued growth in federal revenues regardless of the political administration, supported by long-term contracts [56][58] Other Important Information - Cash flows from operations exceeded net income by over 152%, with a DSO metric of 55 days, reflecting strong operational efficiency [15][41] - The Board approved a 13% increase in dividends, marking the 35th consecutive quarterly dividend with double-digit increases [44] Q&A Session Summary Question: What is driving the confidence behind the raised guidance? - Management highlighted new contract wins, including significant awards from the Army Corps of Engineers, contributing to increased contract capacity and revenue expectations [90] Question: Can you elaborate on the margin improvement from RPS integration? - The margin uplift of 600 basis points was primarily due to cost synergies and operational efficiencies achieved through the integration of RPS into Tetra Tech's systems [103][118] Question: How is the utilization for the combined business trending? - Utilization rates for RPS employees who transitioned to Tetra Tech's ERP system have improved and are approaching Tetra Tech's levels, with further integration planned [123]

Financial Performance - Q1 2024 net revenue reached $1.02 billion, a 38% increase year-over-year[33] - Q1 2024 EBITDA was $131 million, a 32% increase year-over-year[33] - The company is raising FY2024 guidance to 20% EPS growth[31] - The company is on pace for 20% IFRS EBITDA margin for FY2024[31] - Project margin in Q1 2024 was 62.4% of net service revenue[53] Backlog and Orders - Backlog reached $4.74 billion, a 24% increase year-over-year[33] - New orders in the quarter totaled $1.2 billion[10] Revenue by Customer - U.S Federal revenue increased 49% year-over-year and accounted for 30% of net revenue[2] - International revenue increased 74% year-over-year and accounted for 40% of net revenue[2] - U.S State & Local revenue increased 16% year-over-year and accounted for 11% of net revenue[2] Capital Allocation - $353 million in cash flow from operations TTM[17] - Q2-24 dividend is $0.26 per share, a 13% year-over-year increase[17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended October 1, 2023 ☐ 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 _________________________________________________________ ...