Tetra Tech Stock Price, News & Analysis

Tetra Tech, Inc. (NASDAQ: TTEK) has secured a position on all six lots of the Crown Commercial Service's (CCS) new four-year Construction Professional Services framework, marking a significant achievement for the company. This framework has a potential spend of £1.7 billion and focuses on various engineering and project management services, supporting UK public sector infrastructure investments. Tetra Tech aims to utilize its Leading with Science^® approach to deliver sustainable infrastructure solutions that align with the UK’s net zero emission targets.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a five-year, $24 million contract by the U.S. Agency for International Development (USAID) to work on climate change initiatives in Cambodia. Through the Morodok Baitang project, the company aims to enhance biodiversity, promote economic development, and strengthen natural resource governance. Tetra Tech has over 40 years of experience in supporting USAID’s environmental initiatives. This contract highlights Tetra Tech's commitment to sustainable solutions and climate resilience.

Tetra Tech, Inc. (NASDAQ: TTEK) announced a significant contract with the Federal Emergency Management Agency (FEMA) under the Advancing Resilience in Communities (ARC) joint venture. This indefinite delivery, indefinite quantity contract has a ceiling of $300 million and spans up to five years. The joint venture will provide technical support to assess and manage flood risks in the northeastern United States using advanced analytics and predictive modeling. This partnership aims to enhance community resilience against flood impacts.

Tetra Tech reported record quarterly results for Q4 with revenue of $892 million, up 18% year-over-year. Net revenue reached $709 million, up 20%, while EPS was $1.52, reflecting an 85% increase year-over-year.

Fiscal year revenue totaled $3.21 billion, with net revenue of $2.55 billion. The company also declared an 18% dividend increase and announced a $400 million share buyback. Tetra Tech's backlog hit a record $3.48 billion, up 7% year-over-year.

Tetra Tech, Inc. (NASDAQ: TTEK) has received a five-year, $22 million contract from the U.S. Agency for International Development (USAID) to enhance sustainable water, sanitation, and hygiene (WASH) practices and climate-resilient water resource management (WRM). This project, part of the URBAN WASH program, aims to improve equitable access to water and sanitation in urban areas globally. Tetra Tech will leverage its expertise to create impactful policies through collaboration with various stakeholders.

Tetra Tech, Inc. (NASDAQ: TTEK) announced a contract from the U.S. Army Corps of Engineers, Sacramento District, to manage risks for dams and levee systems in the western United States. This multiple-award contract spans up to five years, focusing on site characterization, environmental assessments, and hydrologic analyses aimed at enhancing dam safety. CEO Dan Batrack emphasized the need for improved management approaches due to climate change impacts on infrastructure. Tetra Tech aims to leverage its expertise to mitigate flood risks and uphold public safety.

Tetra Tech, Inc. (NASDAQ: TTEK) has acquired Enterprise Automation (EA), a leader in digital water transformation consulting. This acquisition enhances Tetra Tech's capabilities in control systems integration, automation, and data analytics, furthering its digital water consulting services. CEO Dan Batrack highlighted the strategic importance of EA's expertise in improving operational efficiency and cyber security for water sector clients. The financial terms of the acquisition were not disclosed. EA will join Tetra Tech's Government Services Group.

Tetra Tech, Inc. (NASDAQ: TTEK) announced the release date for its fourth quarter and fiscal 2021 financial results, scheduled for November 17, 2021, after market close. A conference call will take place on November 18, 2021, at 8:00 a.m. PT, to discuss these results and future outlook. Tetra Tech specializes in providing high-end consulting and engineering services, focusing on complex issues in water, environment, and renewable energy, with a workforce of 21,000 associates.

Tetra Tech, Inc. (NASDAQ: TTEK) has secured a five-year, $25 million contract from the U.S. Agency for International Development (USAID) to enhance water, sanitation, and hygiene (WASH) services in Tanzania. The project will leverage Tetra Tech’s expertise in engineering and technical advisory services to improve Tanzania’s water resource management and address climate change impacts. Tetra Tech has over 40 years of experience in supporting USAID in developing countries, aiming to bolster community access to essential water and sanitation services.