Tetra Tech Q1: Record net revenue $737M, adj. EPS $1.34 (+13% YoY), dividend raised 15% to $0.23

TETRA TECH INC

2023-Q1 EPS reported $2.18 revenue$894,766,000

Record net revenue $737M; adjusted EPS $1.34, up 13% YoY; record backlog $3.81B (+11% YoY).
Adjusted operating income $97M (+17% YoY); adjusted EBITDA margin 14.0% (record high).
Board declared $0.23/share quarterly dividend, +15% YoY, payable Feb 24 to record Feb 13; 35th consecutive quarterly dividend.
Closed RPS Group acquisition adding 5,000 staff; expands UK water and energy transformation capabilities.
New orders ~$1B in quarter; double-digit growth in both government and commercial end markets.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TETRA TECH INC reported first quarter ended January 1, 2023 results: revenue $737 million, EPS $2.18.

Period: first quarter ended January 1, 2023
Revenue: $737 million
EPS: $2.18
Result: reported results

Exact text from the filing

Revenue in the first quarter totaled $895 million and revenue, net of subcontractor costs (net revenue), 1 was $737 million. Operating income was $92 million; adjusted operating income was $97 million, up 17% year-over-year, which reflects a 90-basis point increase to an all-time high adjusted EBITDA 1 margin of 14.0%. Earnings per share (“EPS”) was $2.18; adjusted EPS was $1.34, up 13% over first quarter fiscal 2022.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

TETRA TECH INC filing history →

Source: SEC EDGAR

accession 0001104659-23-009319

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.