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Mar 31, 2024
Tetra Tech Q2 2024 Earnings Report
Tetra Tech reported record results in the second quarter of 2024 and raised full fiscal year guidance.
Key Takeaways
Tetra Tech announced strong performance in the second quarter, driven by margin expansion in GSG and CIG, as well as record backlog. The company raised its full year guidance for net revenue and earnings, projecting EPS growth of 22% for fiscal 2024.
Tetra Tech continued strong performance through the second quarter.
Margins in GSG expanded by 170 basis points and CIG by 320 basis points over the second quarter of last year.
Full year guidance for net revenue and earnings was raised.
EPS growth of 22% is forecasted for fiscal year 2024.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech raised EPS guidance to range from $6.15 to $6.25 and is raising net revenue guidance to range from $4.21 billion to $4.31 billion for fiscal 2024. Tetra Tech expects EPS for the third quarter of fiscal 2024 to range from $1.50 to $1.55 and net revenue to range from $1.05 billion to $1.10 billion.
Positive Outlook
- EPS guidance raised to $6.15 - $6.25 for fiscal 2024
- Net revenue guidance raised to $4.21B - $4.31B for fiscal 2024
- EPS expected to be $1.50 - $1.55 for Q3 2024
- Net revenue expected to be $1.05B - $1.10B for Q3 2024