Tetra Tech Inc - TTEK STOCK NEWS

Tetra Tech, a leader in consulting and engineering services, reported strong first-quarter results for the period ending December 27, 2020. Revenue reached $765 million, with net revenue at $605 million. Operating income increased by 5% year-over-year to $66 million, and EPS rose 13% to $0.96. The company generated $33 million in cash from operations, up significantly due to a reduction in days sales outstanding. With a backlog of $3.2 billion, Tetra Tech's outlook for fiscal 2021 is optimistic, raising guidance for EPS and net revenue.

Tetra Tech, Inc. (NASDAQ: TTEK) announced its first quarter 2021 results will be disclosed on January 27, 2021, after market close. A conference call to discuss the results and company outlook is set for January 28, 2021, at 8:00 a.m. PT. Investors can access the live webcast on Tetra Tech's website. The company provides high-end consulting and engineering services across various sectors, including water, environment, and energy, employing 20,000 associates to deliver sustainable solutions.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $185 million multiple-award contract by the U.S. Army Corps of Engineers (USACE) Kansas City District. This five-year contract will enable Tetra Tech to employ high-end technologies and advanced analytics to enhance environmental programs for federal agencies. Tetra Tech has a strong history with USACE, serving as a valued client for over 40 years. The firm is recognized as a leader in environmental management by Engineering News-Record and aims to tackle complex environmental challenges using their 'Leading with Science' approach.

Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a five-year, single-award contract by FEMA, valued at up to $50 million, aimed at enhancing resilience and reducing recovery costs in disaster-affected communities. This contract is part of FEMA’s Hazard Mitigation Technical Assistance Program and involves technical support services for communities to better prepare for natural disasters such as floods, earthquakes, and wildfires across 15 midwestern states. Tetra Tech will implement innovative technologies to streamline data collection and improve recovery efficiency.

Tetra Tech, Inc. (TTEK) reported strong fiscal year 2020 results with revenue reaching $3.0 billion, a 12.6% EBITDA margin, and a net revenue of $2.3 billion. In Q4 alone, revenue was $753 million with adjusted EPS of $0.91. The company generated $262 million in cash from operations, a 26% increase year-over-year, and returned $152 million to shareholders via dividends and share repurchases. Tetra Tech's backlog grew to a record $3.24 billion, reflecting a 5% year-over-year increase. The Board declared a 13% dividend increase, payable in December 2020.

Tetra Tech (NASDAQ: TTEK) has announced the dates for its fourth quarter and fiscal 2020 results. The company will release these results after market close on November 11, 2020, followed by a conference call on November 12, 2020, at 8:00 a.m. Pacific Time. The call will detail financial results and future outlook. Interested investors can access a live webcast on Tetra Tech's investor website.

Tetra Tech, Inc. (NASDAQ: TTEK) has secured a significant contract worth $209 million from the U.S. Army Corps of Engineers (USACE), Mobile District. This contract, spanning five years, focuses on providing technical services for environmental initiatives, including conservation and sustainable infrastructure. The company has a long-standing relationship with USACE, having served them for over 40 years. Tetra Tech aims to leverage advanced technology and analytics in delivering innovative solutions for environmental planning and sustainability.

Tetra Tech (NASDAQ: TTEK) has secured a five-year, $24 million contract from USAID to enhance regional capacity for managing water resources and mitigating environmental risks in Central Asia. This initiative aims to promote economic stability and improve ecosystems through sustainable management practices in two major river basins. Tetra Tech will utilize advanced data analytics and integrated modeling to tackle complex water issues, aiming for better regional cooperation and decision-making.