Earnings summaries and quarterly performance for TETRA TECH.
Executive leadership at TETRA TECH.
Dan L. Batrack
Chief Executive Officer
Leslie L. Shoemaker
Executive Vice President, Chief Innovation and Sustainability Officer
Preston Hopson
Senior Vice President, General Counsel and Secretary
Roger R. Argus
President
Steven M. Burdick
Executive Vice President, Chief Financial Officer
Board of directors at TETRA TECH.
Research analysts who have asked questions during TETRA TECH earnings calls.
Sabahat Khan
RBC Capital Markets
4 questions for TTEK
Sangita Jain
KeyBanc Capital Markets
4 questions for TTEK
Timothy Mulrooney
William Blair & Company
4 questions for TTEK
Michael Dudas
Vertical Research Partners
3 questions for TTEK
Ryan Connors
Northcoast Research Partners
2 questions for TTEK
Tate Sullivan
Maxim Group
2 questions for TTEK
Andrew J. Wittmann
Robert W. Baird & Co.
1 question for TTEK
Andy Wittmann
Baird
1 question for TTEK
Justin Hauke
Robert W. Baird & Co.
1 question for TTEK
Recent press releases and 8-K filings for TTEK.
- Tetra Tech (TTEK) reported record financial performance for both the fourth quarter and fiscal year 2025, with Q4 net revenue reaching $1.07 billion (up 10% year-over-year) and EPS of $0.44 (up 29%).
- For fiscal year 2025, the company achieved all-time high revenue and earnings, with revenue increasing 7% and EPS growing 24% to $1.56. Operating income for the year increased 18%, and EBITDA margins expanded by over 80 basis points to 14.3%.
- The company generated record-setting cash from operations of $458 million in fiscal year 2025, a 28% improvement over fiscal year 2024, and maintained a strong balance sheet with over $1 billion in available liquidity.
- TTEK provided fiscal year 2026 guidance, forecasting net revenue between $4.05 billion and $4.25 billion and earnings per share between $1.40 and $1.55. The company also announced a 12% increase in its quarterly dividend and repurchased $250 million in stock during 2025.
- Operational highlights include a $4.14 billion backlog at the end of Q4 2025, with a strategic shift towards higher-margin fixed-price contracts, which constituted 50% of Q4 revenue.
- Tetra Tech (TTEK) announced record financial performance for fiscal year 2025, with net revenue increasing 7% and earnings per share (EPS) rising 24% to $1.56 compared to the previous year.
- For Q4 2025, the company reported record net revenue of $1.07 billion, a 10% increase year-over-year, and EPS of $0.44, up 29%.
- The company issued guidance for fiscal year 2026, projecting net revenue between $4.05 billion and $4.25 billion and EPS between $1.40 and $1.55.
- Growth is primarily fueled by high-end water services, which constitute over 85% of the business, driven by increasing demand from data centers and expanded defense budgets.
- The backlog reached $4.14 billion at the end of Q4 2025, with management explaining that a flat year-over-year backlog is due to shorter U.S. federal government task orders, not reduced revenue potential.
- TTEK achieved record financial performance for fiscal year 2025, with net revenue up 7% and earnings per share (EPS) up 24% to $1.56. For Q4 2025, net revenue increased 10% to $1.07 billion, operating income rose 23% to $168 million, and EPS grew 29% to $0.44.
- The company provided fiscal year 2026 guidance for net revenue between $4.05 billion and $4.25 billion, and EPS between $1.40 and $1.55. Q1 2026 guidance projects net revenue of $950 million to $1 billion and EPS of $0.30 to $0.33.
- Strategic growth is driven by high-end water services, which constitute over 85% of the business, with significant opportunities in data centers and increased defense budgets. The company reported a backlog of $4.14 billion at the end of Q4 2025.
- In terms of capital allocation, the board approved a 12% increase in the Q4 dividend, and the company repurchased $250 million in stock during fiscal year 2025, with $50 million in Q4 alone.
- Tetra Tech achieved record high results in Q4 2025 with $1.16 billion in Net Revenue, $171 million in Operating Income, and $0.45 in EPS (adjusted basis). For fiscal year 2025, the company reported record high Net Revenue of $4.62 billion, Operating Income of $604 million, and EPS of $1.56 (adjusted basis).
- The company's backlog, excluding USAID and DOS, reached $4.14 billion in Q4 2025. Fiscal year 2025 also saw strong Cash Flow from Operations of $458 million.
- Tetra Tech returned $315 million to shareholders in FY25 through dividends and buybacks, with $598 million in authorized buyback remaining available, and increased its quarterly dividend by 12% year-over-year. The company maintains over $1 billion of liquidity.
- For fiscal year 2026, Tetra Tech provided guidance anticipating Net Revenue between $4.05 billion and $4.25 billion and EPS between $1.40 and $1.55.
- Tetra Tech reported record financial results for the fourth quarter and fiscal year ended September 28, 2025, with Q4 2025 net revenue of $1.16 billion and EPS of $0.48, and Fiscal Year 2025 annual net revenue of $4.62 billion and Adjusted Annual EPS of $1.56.
- The Board of Directors approved the company's 46th consecutive quarterly dividend of $0.065 per share, a 12% year-over-year increase, payable December 12, 2025. Additionally, Tetra Tech repurchased $50 million of common stock in the fourth quarter.
- For fiscal 2026, Tetra Tech projects net revenue to range from $4.05 billion to $4.25 billion and EPS to range from $1.40 to $1.55.
- Tetra Tech reported record net revenue of $1.16 billion and record EPS of $0.48 for the fourth quarter of fiscal year 2025, with annual net revenue reaching $4.62 billion and adjusted annual EPS at $1.56.
- The company's Board of Directors approved a 12% increase in the quarterly dividend to $0.065 per share, and Tetra Tech repurchased $50 million of common stock in the fourth quarter of fiscal year 2025.
- For fiscal year 2026, Tetra Tech anticipates net revenue to be between $4.05 billion and $4.25 billion, with EPS projected to range from $1.40 to $1.55.
- American Rare Earths (ARR) has released a preliminary updated mineral processing flowsheet for its Halleck Creek Rare Earths Project, bringing it closer to becoming a producing rare earths mine in the United States.
- Preliminary Reflux Classifier Concentrator (RCC) test results demonstrated improved rare earth recoveries with a 14.0% weighted average mass yield and 78.4% TREO recovery, achieving a 5.66x enrichment factor.
- The RCC's performance represents a 44% decrease in mass yield and a 126% greater enrichment factor compared to spirals, potentially leading to lower operating and capital costs and a positive impact on the Pre-Feasibility Study (PFS) economics.
- Ongoing comminution optimization tests are expected to reduce fines, which could further enhance beneficiation processing and rare earth element (REE) recoveries.
- Tetra Tech has secured a significant contract with Portsmouth Water to provide engineering design, technical support, and strategic advisory services for enhancing water infrastructure resilience in Southern England.
- This partnership will focus on improving water infrastructure for over 700,000 people and advancing regulatory targets through innovative solutions, including Tetra Tech's WaterNet digital platform.
- Despite a 19.3% year-to-date decline in its share price, analysts consider Tetra Tech undervalued with a strong long-term growth outlook, supported by a 49% five-year total shareholder return and a strong Altman Z-Score of 4.12.
- On October 7, 2025, Tetra Tech, Inc. announced the promotion of Roger R. Argus to President of the Company, reporting to Chairman and CEO Dan L. Batrack.
- In his new role, Mr. Argus will oversee Tetra Tech's global operations.
- Mr. Argus has been with Tetra Tech for over 30 years, previously serving as Executive Vice President, Corporate Development, and President, Commercial/International Services Group.
- Jonathan S. Weiss has been appointed President, Commercial/International Services Group (CIG), bringing over 30 years of experience at Tetra Tech.
- The Patterson Lake South (PLS) Project has an updated Net Present Value (NPV) of US$1,325 million (8% real discount rate, post-tax) at a US$90/lb U3O8 price assumption.
- Updated Front-End Engineering and Design (FEED) stage pre-production capital costs are estimated at US$1,226 million.
- Average life of mine (LOM) cash operating costs are estimated at US$11.7/lb U3O8, and average LOM all-in sustaining costs (AISC) are estimated at US$15.2/lb U3O8.
- First uranium production at the PLS Project is targeted for 2031.
- The Engineering Review, which included an updated FEED stage cost estimate developed by Tetra Tech Canada Inc., confirms the technical robustness of the PLS Project.
Quarterly earnings call transcripts for TETRA TECH.
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