Welcome to our dedicated page for Tetra Tech news (Ticker: $TTEK), a resource for investors and traders seeking the latest updates and insights on Tetra Tech stock.
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Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Convergence Controls & Engineering, enhancing its digital water and energy practices. The acquisition brings expertise in process automation, data analytics, cloud integration, and cybersecurity. Tetra Tech aims to leverage Convergence's capabilities to provide integrated automation platforms for real-time data visualization and decision support to clients. The acquisition expands Tetra Tech's team of engineers, software developers, and consultants serving water and energy clients.
Tetra Tech, Inc. (NASDAQ: TTEK) has won a $439 million contract from USAID to enhance energy security and resilience in Ukraine. The five-year contract aims to improve the electricity, natural gas, and district heating sectors in Ukraine, supporting European Union integration and increasing energy efficiency. Tetra Tech will provide strategic technical assistance to the Government of Ukraine to achieve these goals.
Tetra Tech, a leading consulting and engineering services provider, reported record second-quarter results with $1.25 billion in revenue and $1.05 billion in net revenue. The company saw a 28% increase in EBITDA, reaching $135 million, and a 34% increase in EPS to $1.42. Tetra Tech also achieved its largest second-quarter backlog ever at $4.74 billion, up 11% year-over-year. Recent key wins include contracts with the U.S. Army, NASA, and the U.K. Government, totaling $1.066 billion. The company's executive management remains optimistic about future growth, raising full-year guidance for fiscal year 2024.
Tetra Tech, Inc. (NASDAQ: TTEK) has won a $464 million contract from the U.S. Army to provide environmental assessment and remediation services across Army installations in the U.S. The five-year contract involves investigating and remediating hazardous waste, including PFAS, with advanced technologies like AI-enabled mapping.