Tetra Tech Delivers Strong Q3, Lifts FY26 Outlook, and Hikes Dividend 11%
TTEK sits 33% above its 52-week low of $25.81 on elevated volume (2.0× avg).
Summary
Tetra Tech posted strong Q3 FY2026 results with net revenue of $1.11 billion and EPS of $0.42, raised full-year guidance, and announced an 11% dividend increase alongside $100 million in share repurchases.
Key Events · Earnings and Guidance · TTEK
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Strong Q3 Financial Results
Net revenue reached $1.11 billion, up 8% year-over-year excluding certain items, with operating income of $158 million, EBITDA of $173 million, and EPS of $0.42.
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Raised Full-Year Guidance
Adjusted EPS guidance was lifted to $1.56–$1.59, and the net revenue range was narrowed to $4.315–$4.365 billion, reflecting an increased midpoint.
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Dividend Increased 11%
A quarterly dividend of $0.072 per share was declared, payable August 27, 2026 to stockholders of record August 13, 2026 — marking the 45th consecutive double-digit increase.
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Share Repurchases and Strong Cash Flow
During Q3, $100 million of common stock was repurchased, leaving $398 million under the buyback program. Record cash from operations reached $229 million in the quarter and $567 million over the trailing twelve months.
Analysis · TTEK · Trade & Services
A robust third quarter saw net revenue reach $1.11 billion, an 8% year-over-year increase excluding certain items, while operating income came in at $158 million. Backlog expanded 5% sequentially to $4.49 billion, underscoring sustained demand. Reflecting confidence in the pipeline, management raised full-year adjusted EPS guidance to $1.56–$1.59 and narrowed the net revenue range to $4.315–$4.365 billion. The Board declared an 11% higher quarterly dividend of $0.072 per share—the 45th consecutive double-digit increase—and the company repurchased $100 million in stock during the quarter, with $398 million remaining under its buyback program. Financial strength is further highlighted by record cash flow from operations of $229 million in Q3 and $567 million over the trailing twelve months. These results, combined with recent major contract wins including a PFAS water treatment facility and multiple federal awards, position Tetra Tech for continued growth.
At the time of this filing, TTEK was trading at $34.30 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $8.8B. The 52-week trading range was $25.81 to $43.14. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.