Business
Tetra Tech Reports Strong Second Quarter Results and Raises FY25 Guidance
Record Second Quarter Revenue $1.322 billion Record Second Quarter Net Revenue $1.104 billion Record Second Quarter Adjusted Operating Income $130 million
About this update from Tetra Tech, Inc.
[{"type":"text","content":"\n\nRecord Second Quarter Revenue $1.322 billion\n\n\nRecord Second Quarter Net Revenue $1.104 billion\n\n\nRecord Second Quarter Adjusted Operating Income $130 million\n\n\nIncreasing Quarterly Dividend +12% Y/Y\n\n\nRaising FY25 EPS Guidance\n\n\n PASADENA, Calif.--(BUSINESS WIRE)--\nTetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for the second quarter ended March 30, 2025.\n\n\n\n$ million (except EPS data)\n\n\n\n \n\n\n\nQ2 FY25\n\n\n\n \n\n\n\nYTD FY25\n\n\n\n\n\n \n\n\n\nReported\n\n\n\nAdjusted1\n\n\n\n \n\n\n\nReported\n\n\n\nAdjusted1\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$ 1,322.1\n\n\n\n$ 1,322.1\n\n\n\n \n\n\n\n$ 2,742.7\n\n\n\n$ 2,742.7\n\n\n\n\n\nNet Revenue\n\n\n\n \n\n\n\n$ 1,103.7\n\n\n\n$ 1,103.7\n\n\n\n \n\n\n\n$ 2,301.0\n\n\n\n$ 2,301.0\n\n\n\n\n\nOperating Income\n\n\n\n \n\n\n\n$ 39.6\n\n\n\n$ 130.1\n\n\n\n \n\n\n\n$ 62.1\n\n\n\n$ 267.2\n\n\n\n\n\nEPS\n\n\n\n \n\n\n\n$ 0.02\n\n\n\n$ 0.33\n\n\n\n \n\n\n\n$ 0.02\n\n\n\n$ 0.68\n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\nYear to Date Highlights\n\n\nRevenue increased 11% Y/Y to $2.74 billion\n\n\nNet Revenue increased 11% Y/Y to $2.30 billion\n\n\nAdjusted Operating Income increased 17% Y/Y to $267 million\n\n\nAdjusted EPS increased 21% Y/Y to $0.68\n\n\nSecond Quarter Highlights\n\n\nRevenue increased 6% Y/Y to $1.322 billion\n\n\nNet Revenue increased 5% Y/Y to $1.104 billion\n\n\nAdjusted Operating Income increased 11% Y/Y to $130 million\n\n\nAdjusted EPS increased 18% Y/Y to $0.33\n\n\nBook-to-Bill: 1.1x (excluding USAID and Dept. of State)\n\n\nBacklog $4.09 billion, up $127 million Y/Y (excluding USAID and Dept. of State)\n\n\nRecent Key Wins\n\n\n$416 million five-year multiple award contracts to deliver environmental engineering services for USACE Honolulu District\n\n\n$249 million five-year multiple award contract for planning and engineering services for USACE Mobile District\n\n\n$240 million five-year multiple award contract for planning and engineering services for USACE Middle East District\n\n\n£42 million five-year multiple award contract for stormwater management services for a U.K. water utility\n\n\n$48 million five-year multiple award contract for environmental engineering service...