Andy Wittmann's questions to Tetra Tech Inc (TTEK) leadership • Q3 2025
Question
Andy Wittmann from Baird asked for clarification on how the Commercial International Group (CIG) segment revenue was up when its main components, U.S. Commercial and International, were down. He also questioned the growth outlook for the Government versus CIG segments and inquired about the potential for Ukraine-related work to resume.
Answer
CEO Dan Batrak clarified that the CIG segment includes some state and local work, and its strong growth was enough to offset the slight declines in U.S. Commercial and International activities, resulting in a net positive for the segment. He agreed that the government segment would be the primary growth driver in the near term due to challenges in renewables and Australia. Regarding Ukraine, Batrak confirmed that while not in the guidance, Tetra Tech holds the contract and has the capacity to rapidly scale up work, making it a 'possible upside' if the U.S. posture leads to new task orders.