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Jun 28, 2020
Tetra Tech Q3 2020 Earnings Report
Tetra Tech's Q3 2020 results were announced, demonstrating solid performance and increased backlog.
Key Takeaways
Tetra Tech reported revenue of $710 million and adjusted EPS of $0.78 for Q3 2020. The company's backlog increased by 8% year-over-year, and they increased their EPS guidance for fiscal year 2020.
Revenue totaled $710 million.
EPS was $0.83 on a GAAP basis and adjusted EPS was $0.78.
Backlog reached $3.07 billion, up 8% year-over-year.
The Board of Directors declared a $0.17 per share dividend, a 13% increase over the prior year.
Forward Guidance
Tetra Tech expects adjusted EPS for the fourth quarter of fiscal 2020 to range from $0.78 to $0.83 and net revenue to range from $560 million to $600 million. For fiscal 2020, Tetra Tech is increasing its EPS guidance, and now expects adjusted EPS to be in the range of $3.13 to $3.18, and net revenue to range from $2.32 billion to $2.36 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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