Tetra Tech (TTEK) Tops Q3 EPS by 5c, Revenues Beat

Tetra Tech (NASDAQ: TTEK) reported Q3 EPS of $0.78, $0.05 better than the analyst estimate of $0.73. Revenue for the quarter came in at $710 million versus the consensus estimate of $552.22 million.

• Revenue of $710 million and Net Revenue of $560 million
• EPS $0.83; Adjusted EPS $0.78
• Cash Flow from Operations increased to $111 million
• Backlog grew to $3.07 billion

Chairman and CEO Comments

Tetra Tech’s Chairman and CEO, Dan Batrack, commented, “Our business delivered solid results, continuing to support our clients’ critical programs through our Leading with Science® approach. Demand for our rapidly growing advanced data analytics, which augment our differentiated high-end consulting services, drove an increase of 8% in our backlog in the third quarter. The strength of our balance sheet positions us well to invest in both organic growth and acquisition opportunities to address global water and environmental challenges, including those associated with climate change. Given our results to date and outlook, we are increasing our EPS guidance for fiscal 2020.”

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

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