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Tetra Tech (TTEK)
NASDAQ:TTEK
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -18.83%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record-breaking revenue and profitability, strong backlog growth, and balanced revenue streams across segments. However, the impact of recent natural disasters, USAID contract halts, and a significant litigation settlement were notable challenges. The sentiment reflects a cautiously optimistic outlook despite some immediate hurdles.Company Guidance
During Tetra Tech's first quarter fiscal year 2025 earnings call, the company reported record results, with net revenue reaching an unprecedented $1.2 billion, marking an 18% increase from the previous year. Operating income rose by 24% to $138 million, while earnings per share increased by 25% to $0.35, surpassing both the company's guidance range and market consensus. The company's backlog also grew to a new high of $5.44 billion, up 15% year-over-year. The Government Services Group (GSG) experienced a 36% rise in revenue, reaching $601 million, driven by projects in Ukraine. The Commercial International Group (CIG) segment saw a 13% margin with $596 million in net revenue, up 4% from the previous year. Despite challenges such as temporary holds on USAID contracts due to policy reviews by the new administration, Tetra Tech's diverse portfolio and adaptability suggest continued strong performance. The company also announced an increased quarterly dividend of $0.058 and continued to maintain a strong balance sheet with leverage at 1.33 times net debt to EBITDA.Record Revenue and Profitability
Net revenue increased to $1.2 billion, up 18% from the prior year, marking an all-time record for any quarter in the company's history. Operating income was $138 million, up 24% from the prior year, with earnings per share increasing by 25% over the previous year to $0.35.
Strong Backlog Growth
The backlog grew to $5.44 billion, up 15% from the first quarter of last year, indicating strong future demand for services.
Government Services Group (GSG) Performance
GSG segment revenue increased by 36% year-over-year to $601 million, marking the first quarter with GSG revenue over $600 million. The segment achieved a 13.9% margin.
Balanced Revenue Streams
The Commercial International Group (CIG) segment delivered a 13% margin, with net revenue of $596 million, up 4% year-on-year, showcasing a balanced revenue stream between GSG and CIG segments.
Strong Federal and State & Local Revenue Growth
U.S. federal client revenue was up 32% from the same quarter last year, and state and local revenues increased by 47% year-over-year.
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TTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $37.60 | $36.50 | -2.93% |
| Nov 13, 2024 | $47.20 | $40.83 | -13.50% |
| Jul 31, 2024 | $42.46 | $46.29 | +9.02% |
| May 01, 2024 | $38.28 | $40.62 | +6.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tetra Tech (TTEK) report earnings?
Tetra Tech (TTEK) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Tetra Tech (TTEK) earnings time?
Tetra Tech (TTEK) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTEK EPS forecast?
TTEK EPS forecast for the fiscal quarter 2025 (Q2) is 0.31.
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