Tetra Tech (TTEK) Reports In-Line Q2 EPS; Will Acquire Cornerstone Environmental Group
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Tetra Tech Reports Second Quarter Results
April 29, 2015 4:48 PM EDTEPS from operations up 45%; Diluted EPS of $0.31 Backlog up 11% in WEI / RME Organic growth 3% in WEI / RME Quarterly dividend increased 14%
PASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK) today announced results for the second quarter ended March 29, 2015.
Second Quarter Results
Revenue in the quarter was $564.8 million and revenue, net of subcontractor costs1, was $432.8 million. Revenue and revenue, net of subcontractor costs, in the quarter were... More
Tetra Tech to Acquire Cornerstone Environmental Group
April 29, 2015 4:43 PM EDTPASADENA, Calif.--(BUSINESS WIRE)-- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has signed a definitive agreement to acquire Cornerstone Environmental Group of Middletown, New York and anticipates closing this transaction in May 2015. Cornerstone is an environmental engineering and consulting firm focused on solid waste markets in the United States. The company has more than 160 employees and approximately $30 million in annual revenue.
Utilities are faced with the challenge of responding to new U.S. Environmental Protection Agency regulations related to coal combustion residuals disposal requirements, said Dan Batrack, Tetra Techs... More
