Tetra Tech Q3 Net Revenue Up 8%, Raises FY26 Guidance on Strong Backlog
TTEK sits 31% above its 52-week low of $25.81.
Summary
Tetra Tech reported strong Q3 results with net revenue of $1.11 billion, up 8% year-over-year excluding certain items, and EPS of $0.42. Backlog grew 5% sequentially to $4.49 billion, driven by double-digit growth in U.S. federal and international markets. Management raised full-year adjusted EPS guidance to $1.56-$1.59 and narrowed the net revenue range to $4.315-$4.365 billion. For Q4, the company expects revenue of $1.12-$1.17 billion and EPS of $0.45-$0.48. Cash flow from operations hit a record $467 million through nine months, enabling a dividend hike to 7.2 cents per share and $100 million in buybacks.
At the time of this announcement, TTEK was trading at $33.83 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $8.8B. The 52-week trading range was $25.81 to $43.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.