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Dec 31, 2023
Tetra Tech Q1 2024 Earnings Report
Tetra Tech reported strong first quarter results and raised full fiscal year guidance.
Key Takeaways
Tetra Tech reported a strong first quarter with revenue up in all key end markets. The company raised its full year guidance for both net revenue and EPS, forecasting a 20% growth in EPS for fiscal 2024.
Revenue was up in all key end markets.
Raised full year guidance for net revenue and EPS.
Forecasted 20% growth in EPS for fiscal 2024.
Generated strong positive operating cash flow with $353 million over the trailing twelve months.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech expects EPS for the second quarter of fiscal 2024 to range from $1.25 to $1.35 and net revenue to range from $990 million to $1.04 billion. For fiscal 2024, Tetra Tech is raising EPS guidance to range from $5.90 to $6.20 and is raising net revenue guidance to range from $4.15 billion to $4.30 billion.