Tetra Tech Q1 2025 Earnings Report
Key Takeaways
Tetra Tech announced strong first quarter results with record revenue of $1.42 billion, up 16% year-over-year, and record backlog of $5.44 billion, up 15% year-over-year. The company's operating income was $23 million, with an adjusted operating income of $138 million, a 24% increase year-over-year.
Record revenue of $1.42 billion, up 16% year-over-year.
Record net revenue of $1.20 billion, up 18% year-over-year.
Operating income of $23 million; adjusted operating income of $138 million, up 24% year-over-year.
Record backlog of $5.44 billion, up 15% year-over-year.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech updated its guidance for fiscal year 2025 based on its current outlook, which includes the potential impact of the ongoing U.S. federal government review process. For fiscal 2025, Tetra Tech expects net revenue to range from $4.365 billion to $4.765 billion and adjusted EPS to range from $1.37 to $1.52. For the second quarter in fiscal 2025, Tetra Tech expects net revenue to range from $1.0 billion to $1.1 billion and EPS to range from $0.30 to $0.33.