Tetra Tech (TTEK) Reports In-Line Q2 EPS; Will Acquire Cornerstone Environmental Group
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Go back to Tetra Tech (TTEK) Reports In-Line Q2 EPS; Will Acquire Cornerstone Environmental Group
April 29, 2015 4:48 PM EDT
EPS 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
April 29, 2015 4:43 PM EDT
PASADENA, 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
