Tetra Tech Q3 FY2021: record revenue $802M (+13%), EPS $0.95 (+14%), backlog $3.25B

TETRA TECH INC

2021-Q3 EPS reported $2.74 revenue$2,321,500,000

Revenue $802M (+13% Y/Y), net revenue $638M (+14% Y/Y), record quarterly results.
EPS $0.95 (+14% Y/Y, adjusted +22% Y/Y); record backlog $3.25B, book-to-bill 1.12x.
Board declared $0.20/share dividend (18% increase) payable Sep 3 to holders of record Aug 20.
After quarter end, acquired Hoare Lea, a UK sustainable engineering design firm with 900+ employees.
Repurchased $15M of stock in Q3; $163M remaining under buyback program; fiscal 2021 guidance raised.

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