Tetra Tech(US:TTEK)2024-02-01 17:13Financial 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]