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Dec 27, 2020
Tetra Tech Q1 2021 Earnings Report
Tetra Tech reported strong first quarter results driven by growth in water and environmental programs and increased operating margin.
Key Takeaways
Tetra Tech's first quarter results exceeded expectations, with revenue totaling $765 million and net revenue of $605 million. Operating income increased by 5% year-over-year, and EPS rose by 13% year-over-year. The company is increasing its guidance for both net revenue and EPS for fiscal year 2021.
Revenue totaled $765 million and net revenue was $605 million.
Operating income increased 5% year-over-year.
Earnings per share was $0.96, up 13% year-over-year.
Backlog at the end of the quarter was $3.2 billion.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech is increasing its guidance outlook and now expects EPS to range from $3.45 to $3.60 and net revenue to range from $2.40 billion to $2.55 billion for fiscal year 2021.