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Tetra Tech Inc - TTEK STOCK NEWS

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. The company boasts a diverse team of experts in the fields of science, research, engineering, construction, and information technology. Tetra Tech's integrated services approach enables them to deliver the best solutions to meet their clients' needs across various sectors.

With a workforce of approximately 13,000 employees and revenue reaching $2.3 billion in FY 2015, Tetra Tech operates from more than 300 offices worldwide. The company specializes in providing consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. Notably, Tetra Tech excels in delivering water-related services to both public and private clients, designing complex infrastructure, facilities, and resource management plans.

Tetra Tech's operations are divided into two major segments. The Government Services Group (GSG) focuses on activities with U.S. government clients, including federal, state, and local agencies, as well as development agencies worldwide. The Commercial/International Services Group (CIG) serves U.S. commercial clients and international clients other than development agencies.

Recent achievements of Tetra Tech include securing major contracts with government and commercial clients, expanding its footprint in international markets, and innovating sustainable and resilient solutions for infrastructure and environmental challenges. The company's financial condition remains strong, reflecting consistent growth and strategic investments in cutting-edge technologies and partnerships.

As Tetra Tech continues to evolve, it remains committed to providing high-quality services that enhance the performance and sustainability of projects around the globe. For the latest updates and news about Tetra Tech, visit their official website and financial news sections.

News

Tetra Tech Awarded Water Utility Management Framework in the Republic of Ireland

Rhea-AI Summary
Tetra Tech, Inc. (TTEK) awarded a framework by Uisce Éireann, Ireland’s National Water Utility, to provide comprehensive drinking water and wastewater management services. The five-year framework aims to improve compliance with environmental standards, promote water resource conservation, and assess critical infrastructure for future maintenance and investment decisions aligned with national planning and climate change policies.
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Tetra Tech Reports Record Fourth Quarter and Fiscal 2023 Results

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Tetra Tech, Inc. (NASDAQ: TTEK) Achieves Record Quarterly and Annual Results, Revenue Up 40% Y/Y
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Tetra Tech Wins $33 Million U.S. Army Corps of Engineers Award to Enhance Inland Navigation

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Tetra Tech, Inc. (NASDAQ: TTEK) has been awarded a $33 million task order by the U.S. Army Corps of Engineers to provide architectural and engineering services for the design of a new 1,200-foot navigation lock on the Illinois River. This project, part of the USACE Great Lakes and Ohio River Division’s Infrastructure Investment and Jobs Act (IIJA) Contract, aims to improve efficiency, reliability, and safety for navigation traffic along the river. The new lock will be twice as long as the existing lock system, reducing wait times by over seventy percent, accommodating larger vessels, and enhancing mariner safety.
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Tetra Tech Awarded $800 Million Multiple Award Task Order Contract for PFAS Remediation

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Tetra Tech, Inc. has been awarded an $800 million contract by the U.S. Army Engineering Support Center to remove and replace aqueous film forming foam (AFFF) containing PFAS from fire suppression systems at installations throughout the United States. AFFF has been shown to be toxic and persistent in the environment. Tetra Tech will use innovative technologies and its proprietary PFAScrub cleaning agent to safely decontaminate and dispose of AFFF containing PFAS.
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Tetra Tech Announces Planned Dates for Fourth Quarter and Fiscal 2023 Results and Conference Call

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Tetra Tech announces dates for Q4 and fiscal 2023 results and conference call
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Tetra Tech Wins $450 Million EPA Environmental Restoration Contract

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Tetra Tech awarded $450 million contract by EPA for environmental clean-up in the Great Lakes region
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Tetra Tech Wins $22 Million (AUD) Flotation Energy Offshore Wind Marine Baseline Survey Project

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Tetra Tech awarded $22M contract for Seadragon offshore wind project in Australia
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Tetra Tech Announces Pricing of $500 Million Offering of Convertible Senior Notes

Rhea-AI Summary
Tetra Tech, Inc. announced the pricing of $500.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2028 in a private placement. The notes will be general unsecured obligations and will accrue interest at a rate of 2.25% per year. Tetra Tech estimates net proceeds of approximately $487.1 million from the offering. The company plans to use the proceeds to pay for capped call transactions, repay outstanding loans, and for general corporate purposes.
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Tetra Tech Announces Proposed Private Placement of $500 Million of Convertible Senior Notes

Rhea-AI Summary
Tetra Tech plans to offer $500.0 million aggregate principal amount of Convertible Senior Notes due 2028 in a private placement. The company also plans to grant the initial purchasers an option to purchase an additional $75.0 million aggregate principal amount of the notes. The notes will be general unsecured obligations of Tetra Tech and will accrue interest payable semiannually in arrears. The net proceeds from the offering will be used to pay the cost of capped call transactions, repay outstanding loans, and for general corporate purposes.
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Tetra Tech Reports Record Third Quarter Results

Rhea-AI Summary
Tetra Tech, Inc. (NASDAQ: TTEK) reported record revenue of $1.21 billion, up 36% Y/Y, and record EBITDA of $119 million, up 33% Y/Y for the third quarter ended July 2, 2023. Backlog also reached a record high of $4.39 billion, up 25% Y/Y. The company's Chairman and CEO, Dan Batrack, attributes the strong performance to increasing demand for services in water, environment, and sustainable infrastructure, driven by climate change impacts. Tetra Tech raised its net revenue and EPS guidance for fiscal 2023 based on its robust performance and record backlog.
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FAQ

What is the current stock price of Tetra Tech (TTEK)?

The current stock price of Tetra Tech (TTEK) is $40.96 as of November 22, 2024.

What is the market cap of Tetra Tech (TTEK)?

The market cap of Tetra Tech (TTEK) is approximately 11.1B.

What services does Tetra Tech Inc provide?

Tetra Tech provides consulting, engineering, and technical services across environmental, infrastructure, resource management, energy, and international development markets.

What are Tetra Tech's main business segments?

Tetra Tech operates through two segments: Government Services Group (GSG) and Commercial/International Services Group (CIG).

How many employees does Tetra Tech have?

Tetra Tech employs approximately 13,000 individuals worldwide.

What is Tetra Tech's reported revenue?

Tetra Tech reported a revenue of $2.3 billion in FY 2015.

Where is Tetra Tech headquartered?

Tetra Tech has more than 300 offices worldwide, serving a global market.

Which clients does Tetra Tech serve?

Tetra Tech serves U.S. government clients, including federal, state, and local agencies, as well as commercial and international clients.

What are Tetra Tech's recent achievements?

Recent achievements include major contract wins, international market expansion, and the development of sustainable solutions for infrastructure challenges.

What is Tetra Tech's NASDAQ symbol?

Tetra Tech is listed on NASDAQ under the symbol TTEK.

What is unique about Tetra Tech's services?

Tetra Tech's strength lies in providing integrated services that deliver the best solutions to meet client needs, particularly in water-related services.

How can I stay updated on Tetra Tech's latest news?

You can visit Tetra Tech's official website and financial news sections for the latest updates and information.

Stock TTEK logo
Tetra Tech Inc

Nasdaq:TTEK

TTEK Rankings

#816 Ranked by Market Cap
#1977 Ranked by Dividends

TTEK Stock Data

11.11B
266.44M
0.38%
96.02%
1.46%
Engineering & Construction
Services-engineering Services
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United States of America
PASADENA