Tetra Tech Presents Solid Annual Financial Results – Exceeds Expectations

Tetra Tech is facing a pre-market decline in its stock price following the release of its latest quarterly figures, although it impressed with strong annual results. Net revenues increased by 8% to $1.14 billion, surpassing the market estimate of $1.135 billion. Particularly impressive was the operating profit, which surged by a remarkable 33% to $143 million. The adjusted earnings per share were $0.38, also exceeding the forecast of $0.37. These pleasing results are primarily attributed to increased demand for the company's specialized consulting services in water resource management and resilient infrastructure. The board of directors of Tetra Tech has approved a quarterly dividend of $0.058 per share, payable on December 13 to shareholders registered by November 27. Additionally, the company has $348 million available for share buybacks out of a total volume of $400 million. The outlook for fiscal year 2025 shows optimistic expectations, with a projected earnings per share of $1.40 to $1.50 and revenues between $4.565 billion and $4.765 billion. For the first quarter, Tetra Tech anticipates revenues between $1.09 billion and $1.15 billion and earnings per share of $0.32 to $0.34. Dan Batrack, Chairman and CEO of Tetra Tech, proudly points to the immense demand for high-quality services in coastal protection and restoration, water supply security, and digital modernization of water infrastructure. Thanks to increasing orders across all end markets, the order backlog rose by 12% to a record high of $5.38 billion. Investors can invest in the stock through the Tidal ETF Trust Newday Ocean Health ETF and the iShares Environmental Infrastructure and Industrials ETF. Despite this positive news, the stock price recently fell pre-market by 6.02% to $44.50.