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 (NASDAQ: TTEK) hosted its inaugural Investor Day on May 14, 2024, at Nasdaq’s Global Headquarters, where it launched its 2030 vision for growth and financial targets. The company aims to drive growth through its expertise in water and environmental consulting, focusing on emerging contaminants, advanced technologies, and AI-augmented services.
Key growth drivers include increased R&D funding and recurring revenue from software subscriptions. Financial targets for 2030 include a total compounded annual revenue growth of 10%-15%, organic revenue growth of 6%-10%, and acquisitive revenue growth of 4%-5%. The company also plans to expand its EBITDA margin by over 50bps annually and generate cash flow exceeding net income.
Chairman and CEO Dan Batrack emphasized Tetra Tech's alignment with global priorities, while CFO Steve Burdick highlighted plans to double revenue by 2030 and expand EBITDA margins to support capital allocation and shareholder returns.
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.
