Tetra Tech reports Q1 EPS $1.34, consensus $1.21

Reports Q1 revenue $895M, consensus $717.7M. Tetra Tech CEO Dan Batrack commented, "Tetra Tech began fiscal 2023 with record high net revenue and earnings as a result of our strong operations where we are Leading with Science(R) in the areas of water, environment and sustainable infrastructure. On a year-over-year basis, we saw double-digit top line growth across both our government and commercial end markets. We also had new orders approaching $1 billion in the quarter contributing to an all-time high backlog of $3.81 billion which further improves our outlook for fiscal 2023 and beyond."