Tetra Tech's Q4 Earnings & Revenues Surpass Estimates, Rise Y/Y

Zacks11-14

Tetra Tech, Inc. TTEK reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) adjusted earnings of 38 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents. The bottom line ...

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The bottom line ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tetra-techs-q4-earnings-revenues-135000269.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tetra Tech's Q4 Earnings & Revenues Surpass Estimates, Rise Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTetra Tech's Q4 Earnings & Revenues Surpass Estimates, Rise Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 21:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tetra-techs-q4-earnings-revenues-135000269.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tetra Tech, Inc. TTEK reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) adjusted earnings of 38 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents. The bottom line ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tetra-techs-q4-earnings-revenues-135000269.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTEK","symbol_name":"德照科技","start_time":0,"source_url":"https://finance.yahoo.com/news/tetra-techs-q4-earnings-revenues-135000269.html","article_id":"2483880074","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Jic1OD0Ah.Pz1wExbnI14w--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2f6a4cb36bff82376a520fc8a1c89a49"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483880074","pubTimestamp":1731592200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Tetra Tech, Inc. TTEK reported fourth-quarter fiscal 2024  adjusted earnings of 38 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents. The bottom line surged 15% year over year, driven by the strong momentum in each of its segments.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.While exiting the fiscal fourth quarter, Tetra Tech had cash and cash equivalents of $232.7 million compared with $168.8 million recorded at the end of the fourth quarter of fiscal 2023. Long-term debt was $812.6 million compared with $879.5 million recorded at the end of fourth-quarter fiscal 2023.In fiscal 2024, Tetra Tech generated net cash of $358.7 million from operating activities compared with $368.5 million in the prior fiscal year. Capital expenditure was $18.1 million, down 32.7% year over year. In fiscal 2024, TTEK’s proceeds","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TTEK":"德照科技"},"translate_title":"利乐科技第四季度盈利和收入超出预期，同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTEK":1},"content_text":"Tetra Tech, Inc. TTEK reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) adjusted earnings of 38 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents. The bottom line surged 15% year over year, driven by the strong momentum in each of its segments.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nTTEK’s Revenue & Segmental Performance\nTetra Tech generated revenues of $1.37 billion, reflecting a year-over-year increase of 9%. Adjusted net revenues (adjusted revenues minus subcontractor costs) were $1.14 billion, up 8% year over year. The quarterly top line met the upper end of the management’s guided range of $1.09-$1.14 billion.Tetra Tech’s adjusted revenues also exceeded the Zacks Consensus Estimate of $1.13 billion.The backlog at the end of the fiscal fourth quarter was $5.38 billion, up 12% year over year.\n\nTetra Tech, Inc. Price, Consensus and EPS Surprise\n  \nTetra Tech, Inc. price-consensus-eps-surprise-chart | Tetra Tech, Inc. Quote\n\nRevenues from U.S. Federal customers (accounting for 33% of the quarter’s revenues) were up 12% year over year, supported by strength across civilian and coastal marine navigation sectors. U.S. Commercial sales (18% of the quarter’s revenues) increased 3% year over year, driven by higher renewable energy and environmental remediation sales.U.S. State and Local sales (12% of the quarter’s revenues) increased 9% year over year, driven by strength in advanced water treatment. International sales (37% of the quarter’s revenues) were up 6% year over year, backed by strength in the infrastructure sector.Tetra Tech reports revenues under the segments discussed below:Net sales of the Government Services Group segment were $513 million, up 12% year over year. Revenues from the Commercial/International Services Group segment totaled $632 million, representing a year-over-year increase of 5%.\nTTEK's Margin Profile\nIn the fiscal fourth quarter, Tetra Tech’s subcontractor costs totaled $230 million, reflecting an increase of 13.2% from the year-ago quarter. Other costs of revenues (adjusted) were $899.2 million, up 6.4% from the fiscal fourth quarter of 2023. Selling, general and administrative expenses (adjusted) were $92.7 million, up 20% from the year-ago fiscal quarter.Operating income increased 33.4% year over year to $143.3 million, while the adjusted margin increased 50 basis points to 13.3%.\nTetra Tech’s Balance Sheet and Cash Flow\nWhile exiting the fiscal fourth quarter, Tetra Tech had cash and cash equivalents of $232.7 million compared with $168.8 million recorded at the end of the fourth quarter of fiscal 2023. Long-term debt was $812.6 million compared with $879.5 million recorded at the end of fourth-quarter fiscal 2023.In fiscal 2024, Tetra Tech generated net cash of $358.7 million from operating activities compared with $368.5 million in the prior fiscal year. Capital expenditure was $18.1 million, down 32.7% year over year. In fiscal 2024, TTEK’s proceeds from borrowings amounted to $217 million, while repayments on long-term debt totaled $287 million.\nShareholder-Friendly Policies\nTetra Tech distributed dividends totaling $58.8 million in fiscal 2024. This compares favorably with dividends of $52.1 million distributed in the previous fiscal year. It repurchased shares worth $12.9 million in the same period.\nTTEK’s Fiscal 2025 Outlook\nFor fiscal 2025 (ending September 2025), Tetra Tech anticipates net revenues to be in the range of $4.565-$4.765 billion, higher than $4.322 billion reported in fiscal 2024. Adjusted earnings are predicted to be $1.40-$1.50 per share compared with $1.26 reported in fiscal 2024.For the fiscal first quarter (ending December 2024), management estimates net revenues to be in the range of $1.09-$1.15 billion. Adjusted earnings are projected to be in the band of 32-34 cents per share.\nZacks Rank & Stocks to Consider\nTTEK currently carries a Zacks Rank #3 (Hold). Here are some better-ranked stocks from the same space:Kadant Inc. KAI presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.It has a trailing four-quarter average earnings surprise of 17.2%. The Zacks Consensus Estimate for KAI’s 2024 earnings has improved 1.8% in the past 60 days.Atmus Filtration Technologies Inc. ATMU presently has a Zacks Rank of 2 and a trailing four-quarter earnings surprise of 13.8%, on average. The consensus estimate for ATMU’s 2024 earnings has increased 1.3% in the past 60 days.Generac Holdings GNRC presently carries a Zacks Rank of 2. GNRC delivered a trailing four-quarter earnings surprise of 10.8%, on average. The Zacks Consensus Estimate for Generac Holdings’ 2024 earnings has increased 5.1% in the past 60 days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTetra Tech, Inc. (TTEK) : Free Stock Analysis Report\nKadant Inc (KAI) : Free Stock Analysis Report\nGenerac Holdings Inc. (GNRC) : Free Stock Analysis Report\nAtmus Filtration Technologies Inc. (ATMU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483880074"}