Tetra Tech Wins Environmental Services Contract From USACE

Core Insights - Tetra Tech, Inc. has secured a significant $249 million contract from the U.S. Army Corps of Engineers to provide environmental evaluation and design services across the United States [1][2] Group 1: Recent Contracts and Growth Opportunities - The seven-year contract will involve Tetra Tech's scientists and engineers delivering various environmental services, including water resource management plans and ecosystem protection [2] - In September 2024, Tetra Tech secured a $39.3 million contract from USAID to support the Engendering Industries program [3] - The company received a $73 million deal from USAID in July 2024 to enhance electricity availability in 18 West African nations [4] - In March 2024, Tetra Tech secured a $375 million contract from NASA for environmental restoration and compliance services at NASA facilities [4] - In January 2024, Tetra Tech obtained a $34 million contract from USAID for the Integrated Land and Resource Governance II project and a $24 million deal for biodiversity conservation in Cambodia [5] Group 2: Financial Performance and Market Position - Tetra Tech currently holds a Zacks Rank of 4 (Sell), with its shares having gained 54.7% over the past year, outperforming the industry growth of 36.8% [6] - Comparatively, Graham Corporation has a Zacks Rank of 1 (Strong Buy) and has shown a trailing four-quarter average earnings surprise of 133.3% [7] - Atmus Filtration Technologies and Parker-Hannifin Corporation both hold Zacks Ranks of 2 (Buy), with positive earnings surprises and increased consensus estimates for their upcoming fiscal years [8]