TTEK
Tetra Tech, Inc.34.15
-0.29-0.84%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.97BP/E (TTM)
36.72Basic EPS (TTM)
0.93Dividend Yield
0.01%Recent Filings
10-K
8-K
8-K
Tetra Tech leadership promotions
Tetra Tech promoted Roger R. Argus to President on October 7, 2025, to oversee global operations and drive strategic growth, while appointing Jonathan S. Weiss as President of the Commercial/International Services Group. Both executives bring over 30 years at the company, with Argus leading M&A efforts and Weiss expanding energy practices. These moves signal disciplined succession planning. Yet risks persist amid forward-looking uncertainties.
10-Q
Q3 FY2025 results
Tetra Tech's Q3 FY2025 revenue climbed 1.9% y/y to $1.37B, with gross profit surging 12.7% on tighter subcontractor costs, while operating income jumped 28.3% to $165M despite prior hits from USAID cuts and legal settlements. YTD revenue grew 7.5% to $4.11B, but operating income fell 36.5% to $227M after a $92.4M goodwill impairment in GDS from USAID program cancellations and a $115M legal contingency charge; excluding those, it rose 20.8% y/y. Diluted EPS held at $0.43, matching last year, with YTD at $0.45 versus $0.88, reconciling to 268M shares amid anti-dilutive capped calls. Cash swelled to $243M on $357M operating inflows, minus $13M capex for $344M FCF (derived), while $862M debt includes $300M term loans at 5.66% and $575M convertibles; $599M revolver availability supports $648M buyback capacity after $200M repurchases. Acquisitions of CAW in Q2 for project management in Europe and SAGE in Q3 for automation in Australia added $115M goodwill, bolstering CIG synergies. Backlog dipped to $4.3B on USAID fallout, yet U.S. state/local demand for water infrastructure persists. Regulatory shifts in foreign aid budgets pose ongoing risks.
8-K
Strong Q3 earnings and dividend hike
Tetra Tech posted robust Q3 fiscal 2025 results, with net revenue hitting $1.15 billion, up from last year, and operating income surging 28% to $165 million on strong demand for water and environmental services. Excluding USAID and DOS impacts, net revenue climbed 11% to $1.06 billion, while EPS rose 34% to $0.43; backlog grew to $4.28 billion. The board hiked its quarterly dividend 12% to $0.065 per share, payable August 29. Solid wins fuel growth, yet federal policy shifts pose near-term hurdles.
IPO
Website
Employees
Sector
Industry