Tetra Tech reports record Q3 revenue $1.21B, up 36% YoY; raises FY23 guidance

TETRA TECH INC

2023-Q3 EPS reported $4.10 revenue$3,261,938,000

Record net revenue $988M (+37% YoY); EBITDA $119M (+33% YoY); backlog $4.39B (+25% YoY).
Adjusted EPS $1.29, up 19% YoY; cash from ops $133M, up 35% YoY.
Quarterly dividend declared $0.26/share, 13% increase YoY, payable Sep 6 to holders of record Aug 23.
Raising FY23 net revenue and EPS guidance due to strong demand and record backlog.
RPS integration exceeding expectations on margin expansion and revenue synergies.

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 0.95

TETRA TECH INC reported the third fiscal quarter ended July 2, 2023 results: revenue $1.21 billion, EPS $1.12.

Period: the third fiscal quarter ended July 2, 2023
Revenue: $1.21 billion
EPS: $1.12
Result: reported results

Exact text from the filing

Revenue in the third quarter totaled $1.21 billion and revenue , net of subcontractor costs (net revenue) 1 , was $988 million, up 36% and 37%, respectively, over last year. EBITDA 1 was $119 million, up 33% year-over-year. Earnings per share (“EPS”) was $1.12; adjusted EPS was $1.29, up 19% over the third quarter of fiscal 2022 1 .

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TETRA TECH INC updated its fiscal 2023 guidance (raised).

Period: fiscal 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Based on our strong performance and record high backlog, we are increasing our net revenue and earnings per share guidance for fiscal 2023.

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TETRA TECH INC filing history →

Source: SEC EDGAR

accession 0001104659-23-089328

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