Tetra Tech Q3 2023 Earnings Report
Key Takeaways
Tetra Tech reported record third-quarter results with revenue reaching $1.21 billion and net revenue increasing to $988 million, a 36% and 37% increase year-over-year, respectively. The company's EBITDA also grew by 33% to $119 million, with EPS at $1.12 and adjusted EPS at $1.29, up 19% year-over-year. Backlog increased to an all-time high of $4.39 billion, up 25% year-over-year.
Revenue totaled $1.21 billion, up 36% year-over-year.
Net revenue was $988 million, up 37% year-over-year.
EBITDA increased to $119 million, up 33% year-over-year.
Backlog reached an all-time high of $4.39 billion, up 25% year-over-year.
Tetra Tech
Tetra Tech
Forward Guidance
Tetra Tech is increasing adjusted EPS guidance to range from $5.22 to $5.27 and is increasing net revenue guidance to range from $3.16 billion to $3.21 billion for fiscal year 2023. The company expects adjusted EPS for the fourth quarter of fiscal 2023 to range from $1.40 to $1.45 and net revenue to range from $790 million to $840 million.