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Tetra Tech Reports Strong Fourth Quarter and Fiscal Year 2026 Results

TTEK
  • Tetra Tech reported fourth quarter revenue of $1.34 billion & net revenue of $1.15 billion.
  • Record fourth quarter EPS was $0.51 & adjusted EPS was $0.49.
  • Record fiscal year EPS was $1.69 & adjusted EPS was $1.60.
  • Fiscal year 2026 revenue totaled $5.08 billion with net revenue of $4.35 billion.
  • Backlog reached $4.67 billion at the end of the fourth quarter, representing a 13% year-over-year increase.
  • Key wins included a $1.4 billion NASA enterprise logistics agreement & a $145 million U.S. Navy engineering contract.
  • Adjusted EBITDA margin increased 90 basis points year-over-year in both the fourth quarter & fiscal year.
  • The Board approved a quarterly dividend of $0.072 per share, an 11% increase year-over-year.
  • The company repurchased $100 million of common stock in the fourth quarter with $798 million remaining under the program.
  • Fiscal year 2027 EPS is expected to range from $1.65 to $1.80 with net revenue between $4.425 billion & $4.625 billion.
  • First quarter fiscal 2027 EPS guidance is set between $0.36 & $0.38 with net revenue between $1.04 billion & $1.08 billion.