Type to search


Tetra Tech earnings up 17 percent

Avatar photo

Pasadena, CA — Tetra Tech, an engineering services firm with offices in Delaware, announced first-quarter revenue of $669 million, up 19 percent from last year.

Operating income for the quarter was $40 million, and, on an ongoing basis, totaled $43 million. Earnings per share were 46 cents, or on an ongoing basic, 49 cent. That’s up 17 percent year over year. Tetra Tech’s board of directors declared a quarterly dividend of 9 cents per share payable on March 3 to stockholders of record as of February 17.

“Tetra Tech started fiscal year 2017 with very strong results, exceeding our quarterly guidance for both net revenue and earnings,” company CEO Dan Batrack said. “Services across our core markets of water, environment, and infrastructure remain in high demand, and the initial priorities established by the new administration represent additional opportunities for Tetra Tech in all areas of U.S. infrastructure. Strong orders in our federal and state and local markets increased our backlog to a record $2.5 billion, providing a solid platform for growth as we enter the second quarter.”

The company also announced the acquisition of Eco Logical Astralia, a consulting firm with more than 160 staffers.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.


You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2024 Delaware Business Times

Important notice for access to your Delaware Business Times “Insider” content

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.

Limited time offer. New subscribers only.


Subscribe to Delaware Business Times and save 50%