NASDAQ:TTEK

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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.
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Author
European Investor 11-12-26
Tetra Tech, Inc. reported strong first-quarter fiscal 2026 results and raised its full-year guidance, citing solid demand across water, environmental, defense, and sustainable infrastructure projects.

For the quarter ended December 28, 2025, the company posted revenue of $1.21 billion and net revenue of $1.04 billion. Operating income reached $141 million, while adjusted EBITDA was $147 million, with margins expanding year over year. Earnings per share came in at $0.40, and adjusted EPS was $0.35. Backlog stood at $3.95 billion, and cash flow from operations totaled $72 million for the quarter.

Excluding USAID/DOS impacts, net revenue increased 8% and EPS rose 17% year over year, supported by margin improvement, better working capital efficiency, and recent strategic acquisitions that expanded data analytics and program advisory capabilities. During the quarter, Tetra Tech also secured several large defense, environmental, and infrastructure contracts in the U.S. and Australia.

Reflecting the strong performance and outlook, the company raised its fiscal 2026 guidance, now expecting net revenue of $4.15–$4.30 billion and adjusted EPS of $1.46–$1.56. Tetra Tech also declared its 47th consecutive quarterly dividend, increased it by 12%, and continued share repurchases, underscoring confidence in its long-term growth strategy.
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Author
The Investor 01-29-26
TETRA Technologies Shareholders Approve Revised Equity Incentive Plan and Elect Board Members

At its annual meeting, TETRA Technologies, Inc. secured shareholder approval for the Third Amended and Restated 2018 Equity Incentive Plan, increasing available shares under the plan by 4 million and implementing governance enhancements such as a prohibition on paying dividends on unvested awards.

All eight director nominees were re-elected, including Chairman Thomas R. Bates, Jr., and CEO Brady M. Murphy. Mark E. Baldwin, as previously disclosed, concluded his board service.

Additionally, shareholders approved the company's executive compensation in a non-binding advisory vote and ratified the appointment of Grant Thornton LLP as the independent auditor for fiscal 2025.
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M
ME NEWS 06-13-25
Tetra Tech, Inc. filed a Form 8-K with the SEC on February 28, 2025, reporting key corporate changes. John Douglas notified the company of his retirement from the Board of Directors, effective February 27, 2025. He did not report any disagreements with the company. Following his retirement, the Board was reduced from seven to six members.

The company held its annual meeting of stockholders on February 27, 2025, where shareholders voted on key matters. They elected six directors, approved an advisory resolution on executive compensation, and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal 2025. The election results showed strong support for all directors, with Prashant Gandhi and Christiana Obiaya receiving the highest votes. The advisory resolution on executive compensation passed with a significant majority, and the auditor appointment was confirmed.
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Author
European Investor 03-01-25
Tetra Tech EC, Inc., a subsidiary of Tetra Tech, Inc., has reached a settlement agreement with the United States government to resolve civil litigation related to environmental remediation work at the Hunters Point Naval Shipyard in San Francisco. Under the terms of the agreement, Tetra Tech EC will pay $97 million, allocated as $57 million for False Claims Act claims and $40 million for Comprehensive Environmental Response, Compensation, and Liability Act claims. The company plans to fund these payments through cash on hand and its credit facility.

The settlement includes no admission of liability by Tetra Tech EC and is subject to court approval following a 30-day public notice and comment period. The agreement also does not resolve ancillary claims brought by private third-party plaintiffs related to the same services. Tetra Tech EC has initiated legal action against its insurance carrier to recover a portion of the settlement amount, but no assurances have been made regarding reimbursement.
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Author
Global Finance News 01-18-25
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03-26-26Global Finance News