Tetra Tech Reports Record Third Quarter 2019 Results
Tetra Tech, Inc. (TTEK)
Last tetra tech, inc. earnings: 4/29 04:36 pm
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US:NASDAQ Investor Relations:
tetratech.com/en/investor-relations
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Source: Business Wire
Record revenue of $826 million, up 8% Y/YRecord net revenue of $623 million, up 9% Y/YRecord backlog of $2.83 billion, up 16% Y/YEPS $0.88; adjusted EPS $0.89, up 25% Y/Y PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) today announced results for the third quarter ended June 30, 2019.Third Quarter ResultsTetra Tech achieved record quarterly results with all-time highs for revenue, net revenue, operating income, and backlog. Revenue in the third quarter totaled $826 million, up 8% year-over-year. Revenue, net of subcontractor costs1 (net revenue), in the third quarter totaled $623 million, up 9% year-over-year. Operating income for the third quarter was $65 million, up 17% year-over-year. EPS was $0.88 on a GAAP basis, up 49% year-over-year; adjusted EPS1 was $0.89, up 25% year-over-year. Backlog at the end of the quarter was a record $2.83 billion, up 16% year-over-year.Quarterly Dividend and Share Repurchase ProgramOn July 29, 2019, Tetra Tech’s Board of Directo
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