Tetra Tech Earnings Call Transcripts
Fiscal Year 2026
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Strong Q3 results featured double-digit growth in U.S. federal and international markets, record cash flow, and a 5% sequential backlog increase. Guidance for FY 2026 was raised, with continued margin expansion and robust capital returns through dividends and buybacks.
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Q2 net revenue rose 8% year-over-year, with record EBITDA and strong margin expansion. Backlog grew 8% sequentially, and guidance for FY26 was raised on robust demand in water, environment, and infrastructure markets. Cash flow and capital returns remain strong.
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Strong Q1 FY2026 results with 8% revenue and 12% operating income growth, margin expansion, and robust cash flow. Guidance raised for FY2026, with continued focus on water, environmental, and defense markets, and significant capital available for growth and acquisitions.
Fiscal Year 2025
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Record fiscal 2025 results with double-digit growth in revenue, operating income, and EPS, driven by strong water services demand and margin expansion. Fiscal 2026 guidance projects continued growth across all segments, supported by robust backlog, strategic capital allocation, and major infrastructure investments.
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Record quarterly highs in operating income and EPS were driven by strong disaster response and high-margin consulting work, with robust cash flow and improved financial metrics. Guidance anticipates steady revenue and EPS, with minimal Q4 disaster response and continued focus on digital automation and water infrastructure.
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Record Q2 results with revenue up 11% and EPS up 18% year-over-year, despite the loss of the largest client. Margins and backlog remain strong, with robust growth in state/local, defense, and digital systems markets. Guidance raised for FY2025, excluding pending acquisitions.
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Record Q1 results with 18% revenue and 24% net income growth, driven by strong demand across water, environment, and infrastructure. Guidance reflects conservative USAID assumptions, offset by disaster response revenue, and long-term growth targets remain intact.
Fiscal Year 2024
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Record FY2024 results with double-digit growth in revenue, operating income, and EPS, driven by strong demand in water, environmental, and infrastructure sectors. Backlog and margins reached all-time highs, with robust guidance for FY2025 and continued focus on high-value consulting and software solutions.
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Record Q3 results included 12% revenue growth, 32% EBITDA growth, and a 19% increase in backlog. Raised full-year guidance, announced a 5-for-1 stock split, and highlighted strong demand in water, environment, and high-performance building markets.