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Tetra Tech Reports Record Third Quarter 2021 Results


Tetra Tech Reports Record Third Quarter 2021 Results
Revenue of $802 million, up 13% Y/Y
Record Net Revenue of $638 million, up 14% Y/Y
EPS $0.95, up 14% Y/Y; up 22% Y/Y on an Adjusted Basis
Record Backlog of $3.25 billion, book-to-bill 1.12x
PASADENA, Calif. (BUSINESS WIRE) Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, today announced results for the third quarter ended June 27, 2021.
Third Quarter Results
Revenue in the third quarter totaled $802 million, up 13% year-over-year. Tetra Tech achieved record quarterly revenue, net of subcontractor costs (net revenue)
1, of $638 million, up 14% year-over-year. EPS was $0.95 up 14% and up 22% on an adjusted basis year-over-year. Cash flow from operations was $69 million and days sales outstanding (“DSO”) declined five days year-over-year to 65 days, the lowest level in over 10 years. Backlog grew to an all-time high of $3.25 billion with increa ....

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Tetra Tech, Inc.: Tetra Tech Wins $12 Million USAID Energy Sustainability Activity Contract


Tetra Tech, Inc.: Tetra Tech Wins $12 Million USAID Energy Sustainability Activity Contract
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a 5-year, $12 million, single-award contract to improve Kosovo s energy sector by strengthening the capacity of local institutions to advance energy market development and regional integration, and facilitate private sector investments in sustainable energy generation.
Tetra Tech energy specialists will work with the Government of Kosovo to strengthen a regional energy market based on European Union standards and foster increased private-sector investment that will leverage $300 million in investments and generate an additional renewable energy capacity of 200 megawatts. ....

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