Tetra Tech(US:TTEK)2022-05-09 10:58Q2-22 Financial Performance - Net revenue increased by 17% year-over-year, from $600 million in Q2-21 to $700 million in Q2-22 [6, 22] - Operating income increased by 23% year-over-year, from $61 million in Q2-21 to $75 million in Q2-22 [8] - Earnings per share (EPS) increased by 18% year-over-year, from $0.83 in Q2-21 to $0.98 in Q2-22 [9, 23] - Revenue increased by 13% year-over-year, from $755 million in Q2-21 to $853 million in Q2-22 [20] Segment Performance (Q2-22) - GSG (Government Services Group) net revenue was $338 million, a 9% increase from $310 million in Q2-21, with an operating income (OI) margin of 14.9% [12] - CIG (Commercial/International Group) net revenue was $362 million, a 25% increase from $289 million in Q2-21, with an OI margin of 11.2% [12] Revenue by Customer (Q2-22) - U S State and Local revenue increased 29% year-over-year and accounted for 34% of net revenue [11] - U S Federal revenue increased 2% year-over-year and accounted for 27% of net revenue [11] Cash Flow and Capital Allocation - Cash flow from operations year-to-date (YTD) was $178 million, a 13% increase year-over-year [26] - The company had $61 million in dividends and buybacks in Q2-22 [29] - The company has over $1 billion available from a sustainability-linked credit facility [29] Fiscal 2022 Outlook - The company expects U S Federal revenue to increase by 5% to 10% year-over-year [36] - The company expects U S State & Local revenue to increase by 10% to 15% year-over-year [36] - The company expects net revenue for Q3-22 to be between $665 million and $715 million, and EPS to be between $1.00 and $1.05 [40] - The company expects net revenue for FY-22 to be between $2.72 billion and $2.82 billion, and EPS to be between $4.30 and $4.40 [40]