Tetra Tech Q1 EPS $1.25 (+30% YoY); raises FY2022 guidance; 18% dividend increase

TETRA TECH INC

2022-Q1 EPS reported $1.25 revenue$858,510,000

Revenue $859M (+12% YoY); net revenue $679M (+12%); backlog $3.45B (+8%).
GAAP EPS $1.25 (+30%); adjusted EPS $1.19 (+24%); cash from ops $82M (+148%).
Quarterly dividend $0.20/share, up 18% YoY; payable Feb 25 to record Feb 11.
Repurchased $50M of stock in Q1; $498M remaining under buyback program.
Company raises FY2022 net revenue and EPS guidance citing strong performance.

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