Loading...
•
Dec 29, 2019
Tetra Tech Q1 2020 Earnings Report
Tetra Tech reported record first quarter results with strong double-digit growth in revenue and earnings.
Key Takeaways
Tetra Tech achieved all-time first quarter highs for revenue, net revenue, operating income, EPS and backlog. Revenue totaled $798 million, up 11% year-over-year. EPS was $0.85 on a GAAP basis, up 13% year-over-year; adjusted EPS was $0.84, up 20% year-over-year. Backlog increased 13% year-over-year to $3.17 billion.
Revenue in the first quarter totaled $798 million, up 11% year-over-year.
Net revenue in the first quarter was $614 million, up 11% year-over-year.
EPS was $0.85 on a GAAP basis, up 13% year-over-year; adjusted EPS was $0.84, up 20% year-over-year.
Backlog at the end of the quarter increased 13% year-over-year to $3.17 billion.
Forward Guidance
Tetra Tech expects diluted EPS for the second quarter of fiscal 2020 to range from $0.73 to $0.78. Net revenue for the second quarter is expected to range from $580 million to $630 million. For fiscal 2020, Tetra Tech expects diluted EPS to range from $3.40 to $3.55. For fiscal 2020, Tetra Tech expects net revenue to range from $2.4 billion to $2.6 billion.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...