Tetra Tech reports record Q2 results; EPS up 34% YoY, raises FY2024 guidance

TETRA TECH INC

2024-Q2 EPS reported $2.81 revenue$2,479,883,000

Record Q2 net revenue $1.05B (+9% YoY); EBITDA $135M (+28% YoY); EPS $1.42 (+34% YoY).
Backlog of $4.74B, up 11% YoY, largest ever for Q2; operating cash flow $103M, up 17%.
Board declares $0.29/share quarterly dividend, payable May 31, 2024 to holders of record May 20.
Raised FY2024 net revenue and EPS guidance; key wins include $464M Army remediation and $375M NASA contracts.
DSO improved to 55 days; cash from operations $103M, up 17% YoY.

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 second fiscal quarter ended March 31, 2024 results: revenue $1.25 billion, EPS $1.42.

Period: second fiscal quarter ended March 31, 2024
Revenue: $1.25 billion
EPS: $1.42
Result: reported results

Exact text from the filing

Tetra Tech Reports Record Second Quarter Results and Raises Full Fiscal Year Guidance · Record Revenue $1.25 billion and Record Net Revenue $1.05 billion · Record Q2 EBITDA $135 million, up 28% Y/Y · Record Q2 EPS of $1.42, up 34% Y/Y

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TETRA TECH INC updated its fiscal year 2024 guidance (raised).

Period: fiscal year 2024
Guidance: raised
Result: guidance update

Exact text from the filing

Increasing Fiscal Year 2024 Net Revenue and EPS full year guidance

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Source: SEC EDGAR

accession 0001104659-24-055798

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