Tetra Tech Q2 revenue $853M (+13% Y/Y), EPS $0.98 (+18%), backlog $3.61B, raises FY guidance

TETRA TECH INC

2022-Q2 EPS reported $2.23 revenue$1,711,255,000

Revenue $853M, net revenue $700M (+17% Y/Y); EPS $0.98 (+18%); operating income $75M (+23%).
Backlog $3.61B (+15% Y/Y); cash from ops $95M; DSO improved to 59 days.
Dividend raised 15% to $0.23/share payable May 27; $50M shares repurchased in Q2, $448M remaining.
Acquired Piteau Associates and Axiom Data Science, expanding technical consulting services.
Increased FY2022 net revenue and EPS guidance due to strong end markets and backlog.

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