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    Andy Wittmann

    Senior Research Analyst at Baird

    Andrew Wittmann is a Senior Research Analyst at Baird specializing in Facility and Industrial Services, with a focus on Engineering & Construction. He covers key companies such as Healthcare Services Group, ServiceMaster Global, Quanta Services, Tetra Tech, Mobile Mini, Jacobs Engineering Group, and AECOM, and has achieved several top rankings in analyst performance, including No. 1 and No. 3 earnings estimator awards from StarMine across multiple years and sectors. Wittmann began his career as a systems design engineer at Ford Motor Company before joining Baird in 2006, and holds an MBA from Indiana University, an MS in Engineering with an Applied Statistics focus from Purdue University, and a BS in Mechanical Engineering from the University of Wisconsin-Madison. He has also earned the CFA charter and is likely FINRA-registered, reflecting strong professional credentials.

    Andy Wittmann's questions to TETRA TECH (TTEK) leadership

    Andy Wittmann's questions to TETRA TECH (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.

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