8-K
filed November 15, 2023, 6:59 PM ET
ticker TTEK
CIK 0000831641
earnings
confidence high
sentiment positive
materiality 0.80
Tetra Tech Q4 revenue $1.26B +40% YoY, adj EPS $1.78 +41%, FY revenue $4.52B, initiates FY24 growth guidance
TETRA TECH INC
2023-FY EPS reported
$5.10
revenue$4,522,550,000
- Q4 revenue $1.26B (+40% YoY), net revenue $1.06B (+44%), GAAP EPS $1.00, adj EPS $1.78 (+41%).
- Adjusted EBITDA $153M (+51% YoY); backlog record $4.79B (+$1.05B YoY).
- FY23 revenue $4.52B (+29%), net revenue $3.75B (+32%), adj EBITDA $481M (+33%); GAAP EPS $5.10; adj EPS $5.58 (+24%).
- Cash from ops Q4 $122M (+103% YoY); FY23 $368M; DSO record low 54 days.
- Dividend raised 13% to $0.26/share, payable Dec 13, 2023; FY24 guidance expects double-digit revenue and EPS growth.
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 fourth fiscal quarter ended October 1, 2023 results: revenue $1.26 billion, EPS $1.00.
- Period
- the fourth fiscal quarter ended October 1, 2023
- Revenue
- $1.26 billion
- EPS
- $1.00
- Result
- reported results
Exact text from the filing
99.1) --- EX-99.1 2 tm2330497d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NEWS RELEASE November 15, 2023 Tetra Tech Reports Record Fourth Quarter and Fiscal 2023 Results · Revenue $1.26 billion, up 40% Y/Y · Net revenue $1.06 billion, up 44% Y/Y · Quarterly adjusted EBITDA $153 million, up 51% Y/Y · Backlog of $4.79 billion, up $1.05 billion Y/Y · Initiates FY24
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
TETRA TECH INC reported the fiscal year ended October 1, 2023 results: revenue $4.52 billion, EPS $5.10. Guidance initiated.
- Period
- the fiscal year ended October 1, 2023
- Revenue
- $4.52 billion
- EPS
- $5.10
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Tech also achieved record annual results with all-time highs for revenue, net revenue, operating income, adjusted EBITDA, earnings and cash flow. Revenue for fiscal 2023 was $4.52 billion and net revenue was $3.75 billion, up 29% and 32%, respectively, over fiscal 2022. Adjusted EBITDA was $481 million, up 33% compared to last year. GAAP EPS was $5.10; adjusted
View on SEC.gov
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