Tetra Tech ( (TTEK) ) has released its Q1 earnings. Here is a breakdown of the information Tetra Tech presented to its investors.
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Tetra Tech is a leading provider of high-end consulting and engineering services in the water, environment, and sustainable infrastructure sectors, known for delivering complex solutions worldwide.
In the first quarter of fiscal 2025, Tetra Tech reported record revenues and backlog, with significant growth in adjusted operating income and earnings per share. The company secured over $1 billion in new contracts, reflecting strong demand for its specialized services.
Key highlights include a 16% year-over-year increase in revenue to $1.42 billion, an 18% rise in net revenue to $1.20 billion, and a 24% increase in adjusted operating income to $138 million. The company also reported a 25% increase in adjusted earnings per share to $0.35. Tetra Tech’s backlog reached a record $5.44 billion, up 15% from the previous year, supported by major contract wins for engineering and environmental services.
Looking ahead, Tetra Tech has reaffirmed its guidance for fiscal 2025, expecting net revenue between $4.365 billion and $4.765 billion and adjusted EPS ranging from $1.37 to $1.52. The company is well-positioned to capitalize on its strong backlog and continue meeting client priorities globally.
