European Investor
12 Nov 2026, 09:07
Tetra Tech Jumps 8.6% After Hours on Record Earnings and 13% Backlog Growth
Tetra Tech (NASDAQ: TTEK) shares rose about 8.6% in after-hours trading after the engineering and consulting firm reported record quarterly and full-year earnings, margin expansion and strong backlog growth.
Fourth-quarter revenue totaled $1.34 billion, while net revenue reached $1.15 billion. Excluding episodic disaster response, net revenue increased 5% year over year. Operating income was $188 million and adjusted EBITDA reached $194 million, with adjusted EBITDA margin expanding 90 basis points.
Quarterly EPS rose to a record $0.51, while adjusted EPS increased 9% year over year to $0.49. Backlog ended the quarter at $4.67 billion, up 13%, supported by major awards across NASA, the U.S. Navy, EPA, USACE and other government agencies.
For fiscal 2026, revenue reached $5.08 billion and net revenue was $4.35 billion. Adjusted EBITDA totaled $660 million, while full-year EPS reached a record $1.69 and adjusted EPS was $1.60. Operating cash flow increased 14% year over year.
Tetra Tech also raised its quarterly dividend by 11% to $0.072 per share and repurchased $100 million of stock during the quarter. The company still had $798 million remaining under its buyback authorization.
For fiscal 2027, Tetra Tech expects net revenue of $4.425-$4.625 billion and EPS of $1.65-$1.80. First-quarter EPS is projected at $0.36-$0.38.
The 8.6% after-hours gain appears to reflect the combination of record earnings, improving margins, strong contract wins and double-digit backlog growth, which provides solid visibility into fiscal 2027.
Tetra Tech (NASDAQ: TTEK) shares rose about 8.6% in after-hours trading after the engineering and consulting firm reported record quarterly and full-year earnings, margin expansion and strong backlog growth.
Fourth-quarter revenue totaled $1.34 billion, while net revenue reached $1.15 billion. Excluding episodic disaster response, net revenue increased 5% year over year. Operating income was $188 million and adjusted EBITDA reached $194 million, with adjusted EBITDA margin expanding 90 basis points.
Quarterly EPS rose to a record $0.51, while adjusted EPS increased 9% year over year to $0.49. Backlog ended the quarter at $4.67 billion, up 13%, supported by major awards across NASA, the U.S. Navy, EPA, USACE and other government agencies.
For fiscal 2026, revenue reached $5.08 billion and net revenue was $4.35 billion. Adjusted EBITDA totaled $660 million, while full-year EPS reached a record $1.69 and adjusted EPS was $1.60. Operating cash flow increased 14% year over year.
Tetra Tech also raised its quarterly dividend by 11% to $0.072 per share and repurchased $100 million of stock during the quarter. The company still had $798 million remaining under its buyback authorization.
For fiscal 2027, Tetra Tech expects net revenue of $4.425-$4.625 billion and EPS of $1.65-$1.80. First-quarter EPS is projected at $0.36-$0.38.
The 8.6% after-hours gain appears to reflect the combination of record earnings, improving margins, strong contract wins and double-digit backlog growth, which provides solid visibility into fiscal 2027.
