At Tetra Tech, we promise to treat your data with respect and will not share your information with any third party. Third-quarter 2022 revenue of $135 million increased 41% from the third quarter of 2021 but decreased 4% from the second quarter of 2022 reflecting the seasonality of our European industrial. Tetra Tech's peak revenue was $3.1B in 2019. Tetra Tech, Inc. - Oak Ridge , TN - Business Information Tetra Tech, Inc. Investor Relations The shares last closed at $141.03 . Quarterly Revenue ( $) Revenue for fiscal 2021 totaled $3.21 billion and net revenue was $2.55 billion. Tetra Tech annual/quarterly revenue history and growth rate from 2010 to 2022. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release. TTEK solves some of the most challenging problems . Revenue in the fourth quarter totaled $842 million, up 14% year-over-year. We continue to see strong broad-based demand for our high-end consulting and engineering services for critical water and environmental programs. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. To supplement the financial results presented in accordance with generally accepted accounting principles in the United States (GAAP), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. Tetra Tech's 8.66% year on year Revenue increase in the third quarter 2022 to 314 millions, marks slow-down from Tetra Tech's growth trends, and competes unfavorably to the 17.56% rise in the Construction Services industry, but beating the 8.52% growth in the Capital Goods sector. Click the button below to request a report when hardcopies become available. Your message has been sent. This. Business Overview. https://www.businesswire.com/news/home/20211117006324/en/, Jim Wu, Investor Relations City: Tetra Tech does not intend to update forward-looking statements and expressly disclaims any obligation to do so. 13.00%. Sep '18. 8. . Find company research, competitor information, contact details & financial data for Tetra Technologies, Inc. of The Woodlands, TX. Annual Revenue Growth Comment: Tetra Tech's Annual Revenue for the fiscal year ended 2021, increased by 6.12% Tetra Tech Annual Income Statement After submitting your request, you will receive an activation email to the requested email address. We are Leading with Science to provide sustainable and resilient solutions for our clients. Tetra Tech also achieved record annual results with all-time highs for revenue, net revenue, earnings and cash flow. Tetra Tech. Get the latest business insights from Dun & Bradstreet. 255.00. Investor Relations Tetra Tech does not intend to update forward-looking statements and expressly disclaims any obligation to do so. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. On November 11, 2019, Tetra Techs Board of Directors declared a $0.15 per share dividend payable on December 13, 2019 to stockholders of record as of December 2, 2019. According to Tetra Tech 's latest financial reports the company's current revenue (TTM) is $3.49 B . Reconciliation of GAAP and Non-GAAP Items. (626) 470-2844. We are Leading with Science to provide sustainable and resilient solutions for our clients. 3475 East Foothill Boulevard Cash generated from operations of $304 million was up 16% compared to the previous year. We provide these non-GAAP financial measures because we believe they provide a valuable perspective on our financial results. In addition, subsequent to the end of our fiscal year, we received an arbitration decision in our favor on a project contracted for in the RCM segment where the work was substantially completed in prior years; the amount awarded was less than anticipated and, as a result, we incurred a non-cash charge. The company's deep technical expertise spans the disciplines of water, environment, energy, infrastructure, and resource management. Investors will have the opportunity to access a live audio-visual webcast and supplemental financial information concerning the fourth quarter and fiscal 2020 results through a link posted on the Companys website at tetratech.com on November 12, 2020 at 8:00 a.m. (PT). In the fourth quarter, Tetra Tech repurchased $25 million of common stock. View source version on businesswire.com: These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. charlie.macpherson@tetratech.com, Tetra Tech Reports Record Fourth Quarter and Fiscal 2021 Results, https://www.businesswire.com/news/home/20211117006324/en/. USA Tetra Tech achieved record quarterly results with all-time highs for revenue, net revenue, and backlog. Tetra Tech reports its businesses under the following two segments: Government Services Group and Commercial / International Services Group. Tetra Tech Revenue (Annual): 3.214B for Sept. 30, 2021. For fiscal 2021, Tetra Tech expects. Investor Relations jim.wu@tetratech.com, Press Information PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech expects EPS for the first quarter of fiscal 2021 to range from $0.78 to $0.83 and net revenue to range from $570 million to $600 million. 3. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. If you experience any issues with this process, please contact us for further assistance. We continue to see increasing demand for our differentiated high-end critical water and environmental consulting services augmented by technology and advanced data analytics, which drove increases in net revenue across all four of our client sectors. (626) 470-2439 Email address. $291.00. These statements are forward-looking and the actual results could differ materially. Our growth was led by projects for U.S. state and local clients, which have increased organically at a double-digit rate for more than three years. (626) 470-2844 These statements are forward-looking and the actual results could differ materially. Tetra Tech peak revenue was $3.1B in 2019. 1 Non-GAAP financial measures which the Company believes provide valuable perspectives on its business results. 285.00. The following statements are based on current expectations. Q3 2022 Earnings Conference Slides. Rabies Vaccine (Rabavert) contains egg protein. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. Annual Revenue ( $) FY, 2018 FY, 2019 FY, 2020 $0 $1 b $2 b $3 b $4 b Tetra Tech revenue was $2.99 b in FY, 2020 which is a (3.6%) year over year decrease from the previous period. For fiscal 2021, Tetra Tech expects EPS to range from $3.30 to $3.50, and net revenue to range from $2.35 billion to $2.55 billion. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. USA Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. In 2021 the company made a revenue of $0.38 B an increase over the years 2020 revenue that were of $0.37 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Tetra Tech annual revenue for 2021 was $3.214B, a 7.3% increase from 2020. As required by Physician or College, but every 10 years. Tetra Tech is a leading provider of consulting, construction management, engineering, program management and technical services. None of the information on this page has been provided or approved by Tetra Tech. Cash generated from operations of $209 million was a record, up 12% compared to the previous year. Tetra Tech annual revenue for 2019 was $3.1B, a 4.83% growth from 2018. . Tetra Tech annual revenue for 2019 was $3.107B, a 4.83% increase from 2018. Tetra Technologies (TTI) delivered earnings and revenue surprises of -33.33% and 1.82%, respectively, for the quarter ended September 2022. 3475 East Foothill Boulevard Revenue, net of subcontractor costs1 (net revenue), on an adjusted basis, in the fourth quarter was $640 million, up 14% year-over-year. * Change in Q4-20 revenue and net revenue reflects reduced disaster response and disposition of Canadian turn-key pipeline operation. View source version on businesswire.com: https://www.businesswire.com/news/home/20191113005899/en/, Jim Wu, Investor Relations 3475 East Foothill Boulevard By providing your email address below, you are providing consent to Tetra Tech to send you the requested Investor Email Alert updates. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release, including but not limited to: continuing worldwide political and economic uncertainties; the U.S. Administrations potential changes to fiscal policies; the cyclicality in demand for our overall services; the fluctuation in demand for oil and gas, and mining services; risks related to international operations; concentration of revenues from U.S. government agencies and potential funding disruptions by these agencies; dependence on winning or renewing U.S. government contracts; the delay or unavailability of public funding on U.S. government contracts; the U.S. governments right to modify, delay, curtail or terminate contracts at its convenience; compliance with government procurement laws and regulations; credit risks associated with certain clients in certain geographic areas or industries; acquisition strategy and integration risks; goodwill or other intangible asset impairment; the failure to comply with worldwide anti-bribery laws; the failure to comply with domestic and international export laws; the failure to properly manage projects; the loss of key personnel or the inability to attract and retain qualified personnel; the ability of our employees to obtain government granted eligibility; the use of estimates and assumptions in the preparation of financial statements; the ability to maintain adequate workforce utilization; the use of the percentage-of-completion method of accounting; the inability to accurately estimate and control contract costs; the failure to adequately recover on our claims for additional contract costs; the failure to win or renew contracts with private and public sector clients; growth strategy management; backlog cancellation and adjustments; risks relating to cyber security breaches; the failure of partners to perform on joint projects; the failure of subcontractors to satisfy their obligations; requirements to pay liquidated damages based on contract performance; the adoption of new legal requirements; changes in resource management, environmental or infrastructure industry laws, regulations or programs; changes in capital markets and the access to capital; credit agreement covenants; industry competition; liability related to legal proceedings, investigations, and disputes; the availability of third-party insurance coverage; the ability to obtain adequate bonding; employee, agent, or partner misconduct; employee risks related to international travel; safety programs; conflict of interest issues; liabilities relating to reports and opinions; liabilities relating to environmental laws and regulations; force majeure events; protection of intellectual property rights; stock price volatility; the ability to impede a business combination based on Delaware law and charter documents; and other risks and uncertainties as may be described in Tetra Techs periodic filings with the Securities and Exchange Commission, including those described in the Risk Factors section of Tetra Techs Annual Report on Form 10-K for the year ended September 30, 2018, and Tetra Techs Quarterly Reports on Form 10-Q for fiscal year 2019, as well as in Tetra Techs other filings with the SEC. Net Current Asset Value explanation, calculation, historical data a Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release. (626) 470-2439 Rabies Vaccine (Imovax) contains no egg protein. Investors will have the opportunity to access a live audio-visual webcast and supplemental financial information concerning the fourth quarter and fiscal 2021 results through a link posted on the Companys website at tetratech.com on November 18, 2021, at 8:00 a.m. (PT). In 2021, we further advanced our Leading with Science growth strategy with the acquisition of industry-leading consulting and technology firms that enhance our global technical capabilities. Cash generated from operations of $262 million was a record, up 26% compared to the previous year. charlie.macpherson@tetratech.com, Tetra Tech Reports Record Fourth Quarter and Fiscal 2019 Results, https://www.businesswire.com/news/home/20191113005899/en/. Tetra Tech revenue decreased from $3.1 billion in 2019 to $3 billion in 2020, a (3.6%) decrease. USA Announces Third Quarter 2022 Earnings Release Conference Call and Webcast. Pasadena, California 91107-6024 For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook. Annual Report 2021 Annual Report 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 Annual Report 2014 Annual Report 2013 Annual Report 2012 Tetra Tech achieved record quarterly results with all-time highs for revenue, net revenue, earnings and backlog. By providing your email address below, you are providing consent to Tetra Tech to send you the requested Investor Email Alert updates. Jim Wu. 58.65M. Tetra Tech Inc is a medium-sized business with high revenue, that is well-established in its industry. In the fourth quarter, Tetra Tech repurchased $15 million of common stock. Revenue for fiscal 2021 totaled $3.21 billion and net revenue was $2.55 billion. Upgrade now. Cash generated from operations of $304 million was up 16% compared to the previous year. At Tetra Tech, we promise to treat your data with respect and will not share your information with any third party. Net revenue for the first quarter is expected to range from $600 million to $640 million. TTI (Tetra Technologies) Net Current Asset Value as of today (November 01, 2022) is $-0.67. Tetra Tech's phone number is (626) 351-4664 What is Tetra Tech's official website? Revenue (Annual) Chart. In 2020, we further advanced our growth strategy by adding industry leading technology firms that enhance our technical capabilities to offer innovative solutions in addressing our clients critical water, environmental and sustainable infrastructure programs. USA The employee data is based on information from people who have self-reported their past or current employments at Tetra Tech. Measures how much net income or profit is generated as a percentage of revenue. October 15, 2022 - 12:02 am. October 31, 2022 - 9:00 pm. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. Revenue in the fourth quarter totaled $753 million and revenue, net of subcontractor costs (net revenue)1, was $590 million. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. Tetra Tech also achieved record annual results with all-time highs for revenue, net revenue, earnings and cash flow. Tetra Tech expects EPS for the first quarter of fiscal 2022 to range from $0.98 to $1.03 and net revenue to range from $630 million to $680 million. In addition, other companies may define non-GAAP measures differently which limits the ability of investors to compare non-GAAP measures of Tetra Tech to those used by our peer companies. Cash generated from operations of $304 million was up 16% compared to the previous year. To supplement the financial results presented in accordance with generally accepted accounting principles in the United States (GAAP), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. Cash generated from operations was $78 million, up 15% year-over-year. Revenue, net of subcontractor costs 1 (net revenue), on an adjusted basis, in the fourth quarter was $640 million, up 14% year-over-year. In fiscal 2019, we took significant steps to further our strategy with expansion in the UK and the enhancement of our advanced analytics capabilities to support clients globally. Reconciliation of Revenue and Operating Results (In thousands, except EPS data). 1 Net revenue and adjusted EPS are non-GAAP financial measures which the Company believes provide valuable perspectives on its business results. Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. Tetra Techs Chairman and CEO, Dan Batrack, commented, Tetra Tech finished a record fiscal year 2021 with fourth quarter net revenue growth of 20% while generating significantly higher operating income and cash flow compared to last year. Achieving ENR's #1 ranking in Water for 19 years in a row Tetra Tech provides innovative, sustainable solutions in the water sector. Tetra Tech expects EPS for the first quarter of fiscal 2021 to range from $0.78 to $0.83 and net revenue to range from $570 million to $600 million.
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