Tetra Tech (TTEK) Tops Q4 EPS by 2c, Big Beat on Revenues; Offers FY18 EPS/Revenue Outlook

Tetra Tech (NASDAQ: TTEK) reported Q4 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $729 million versus the consensus estimate of $517.85 million.

Highlights:

• Record quarterly and annual revenue of $735 million and $2.8 billion
• Record quarterly operating income of $55 million, up 16% year-over-year
• Record annual operating income of $183 million, up 35% year-over-year
• Record backlog of $2.54 billion, up 7% year-over-year

Business Outlook

The following statements are based on current expectations. These statements are forward-looking and the actual results could differ materially. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release.

Tetra Tech expects diluted EPS for the first quarter of fiscal 2018 to be in the range of $0.50 to $0.55. Net revenue for the first quarter is expected to range from $500 million to $525 million. For fiscal 2018, Tetra Tech expects diluted EPS to be in the range of $2.20 to $2.40 and net revenue to range from $2.05 billion to $2.15 billion.

GUIDANCE:

Tetra Tech sees FY2018 EPS of $2.20-$2.40, versus the consensus of $2.36. Tetra Tech sees FY2018 revenue of $2.05-2.15 billion, versus the consensus of $2.11 billion.

For earnings history and earnings-related data on Tetra Tech (TTEK) click here.

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