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.
Tetra Tech, Inc. (NASDAQ: TTEK) is a global leader in consulting, engineering, and technical services, delivering innovative solutions for environmental, infrastructure, and technology challenges. This news hub provides investors and industry professionals with comprehensive access to the company's latest developments and strategic initiatives.
Track all official Tetra Tech announcements including quarterly earnings reports, major project awards, sustainability initiatives, and partnership updates. Our curated collection ensures you stay informed about regulatory filings, leadership changes, and technological advancements driving the company's global operations.
Key updates include environmental impact assessments, infrastructure development milestones, and digital transformation projects across water management, renewable energy, and government sectors. Access press releases detailing contract awards, service expansions, and corporate responsibility programs that demonstrate Tetra Tech's commitment to 'Leading with Science®'.
Bookmark this page for real-time updates on TTEK's market-moving news and analysis of how emerging trends in engineering consulting affect long-term growth strategies. Verify project timelines, review financial disclosures, and monitor competitive positioning through our organized news feed.
Tetra Tech, Inc. (TTEK) reported a record revenue of $802 million for Q3 2021, marking a 13% year-over-year increase. Net revenue rose by 14% to $638 million, with EPS at $0.95, a 14% increase. The backlog reached an all-time high of $3.25 billion, driven by strong demand in water and environmental services. On July 27, Tetra Tech acquired Hoare Lea, enhancing its sustainable engineering capabilities. The company also declared an 18% dividend increase to $0.20 per share and initiated a $15 million share repurchase program.
Tetra Tech (NASDAQ: TTEK) has acquired Hoare Lea, a UK-based consultancy specializing in sustainable engineering design. This strategic move aims to enhance Tetra Tech's High Performance Buildings Group, furthering its capacity to deliver sustainable solutions to commercial and government clients. Hoare Lea, with over 900 employees, brings a rich history of innovative design since its inception in 1862. The financial terms of this acquisition were not disclosed, but it marks a significant step towards expanding Tetra Tech's global practice in net zero carbon design and building intelligence.
Tetra Tech (NASDAQ: TTEK) secured a four-year, $49 million contract from the U.S. Agency for International Development (USAID) to improve biodiversity conservation and climate resilience in West Africa. The initiative focuses on combating wildlife trafficking, reducing deforestation, and decreasing greenhouse gas emissions. Tetra Tech’s specialists will collaborate with private sector partners to enhance sustainable resource management. This contract underscores Tetra Tech's long-standing commitment to environmental solutions and positions the company favorably in the growing sustainability sector.
Tetra Tech, a leading provider of consulting and engineering services, announced the schedule for its third quarter 2021 results and conference call. The company will release its results on July 28, 2021, after market close, followed by a conference call on July 29, 2021, at 8:00 a.m. Pacific Time. Investors can access the call via a live webcast on Tetra Tech's website. The firm employs 20,000 associates and specializes in sustainable solutions across various sectors, including water, renewable energy, and international development.
Tetra Tech (NASDAQ: TTEK) has been awarded a five-year, $37 million contract by USAID to enhance the empowerment of women and girls in Colombia. Under the Generating Equity Activity, Tetra Tech will work to combat gender-based violence, promote gender equality, create economic opportunities, and improve awareness of gender-related policies. The initiative targets vulnerable populations, including Afro-Colombians and LGBTQI+ groups. Tetra Tech aims to leverage its expertise in economic empowerment and gender integration to foster women's equity in Colombia.
Tetra Tech, Inc. (NASDAQ: TTEK) has announced the acquisition of The Kaizen Company, enhancing its international development consulting capabilities. Kaizen, with over 150 global staff, specializes in management consulting and development advisory services across various sectors including health and education. This acquisition allows Tetra Tech to leverage Kaizen's innovative tools to promote sustainable economic growth in developing countries. The specific financial terms of the acquisition have not been disclosed.
Tetra Tech, Inc. (NASDAQ: TTEK) reported strong second quarter results for the period ended March 28, 2021. Revenue reached $755 million, with net revenue of $600 million. Operating income increased 28% year-over-year to $61 million, and EPS rose 26% to $0.83. Cash from operations was a record $124 million, up 23%, with a backlog of $3.15 billion, a 5% year-over-year increase. The Board declared an 18% dividend hike and repurchased $15 million in stock. EPS guidance for fiscal 2021 was raised to a range of $3.60 to $3.70.
Tetra Tech (NASDAQ: TTEK) has been awarded a six-year contract by the U.S. Army Corps of Engineers to evaluate and manage flood risks, enhance coastal resilience, and restore ecosystems. The project includes site studies, biological assessments, and engineering designs aimed at mitigating impacts from severe storm events and rising sea levels. Tetra Tech plans to implement innovative infrastructure solutions, such as living shorelines and sustainable wetlands, leveraging advanced analytics and predictive modeling. CEO Dan Batrack emphasized their commitment to resilience and environmental solutions.
Tetra Tech, Inc. (NASDAQ: TTEK) has acquired IBRA-RMAC Automation Systems, Inc., a leader in water systems instrumentation and digital transformation consulting services. This acquisition aims to enhance Tetra Tech's digital water consulting capabilities by integrating advanced instrumentation and data analytics into its offerings. The terms of the deal remain undisclosed. Both companies express optimism about the synergy, with Tetra Tech expected to enhance operational efficiency in the water sector.
Tetra Tech (NASDAQ: TTEK) has announced its second quarter 2021 results release and conference call schedule. The results will be disclosed after market close on April 28, 2021, followed by a conference call on April 29, 2021, at 8:00 a.m. PT. Investors can access the call through a live audio-visual webcast on Tetra Tech's investor relations website. The company, known for its high-end consulting and engineering services, employs 20,000 associates worldwide, focusing on water, environment, renewable energy, and sustainable infrastructure solutions.
