Tetra Tech Q3 2021 Earnings Report
Key Takeaways
Tetra Tech reported record third quarter results with revenue totaling $802 million, a 13% year-over-year increase. EPS was $0.95, up 14% year-over-year, and adjusted EPS increased 22%. Backlog grew to an all-time high of $3.25 billion.
Revenue totaled $802 million, up 13% year-over-year.
Net revenue reached a record $638 million, up 14% year-over-year.
EPS was $0.95, up 14% year-over-year, and adjusted EPS increased 22%.
Backlog grew to an all-time high of $3.25 billion with increased orders for water and environmental services.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech expects EPS for the fourth quarter of fiscal 2021 to range from $0.95 to $1.00 and net revenue to range from $650 million to $700 million. For fiscal 2021, Tetra Tech is increasing its guidance outlook and now expects EPS to range $3.69 to $3.74, and net revenue to range from $2.50 billion to $2.55 billion.