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Mar 28, 2021
Tetra Tech Q2 2021 Earnings Report
Tetra Tech reported strong second quarter 2021 results with increased cash from operations.
Key Takeaways
Tetra Tech reported strong second quarter results with record revenue and operating income. Revenue totaled $755 million, and operating income increased by 28% year-over-year. EPS was $0.83, up 26% year-over-year, and cash generated from operations reached a record $124 million, up 23% year-over-year.
Record second quarter revenue and operating income were achieved.
Double-digit revenue growth was seen in U.S. state & local and U.S. federal water and environmental services.
Investments were made in strategic growth areas with the addition of Coanda Research & Development and IBRA-RMAC.
Increased guidance for both net revenue and EPS for fiscal year 2021 was provided.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech expects EPS for the third quarter of fiscal 2021 to range from $0.85 to $0.90 and net revenue to range from $600 million to $650 million. For fiscal 2021, Tetra Tech is increasing its guidance outlook and now expects EPS to range from $3.60 to $3.70 and net revenue to range from $2.45 billion to $2.55 billion.