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Oct 01, 2023
Tetra Tech Q4 2023 Earnings Report
Tetra Tech achieved record quarterly results driven by its Leading with Science® approach to the water, environment and sustainable infrastructure markets.
Key Takeaways
Tetra Tech reported record fourth-quarter results with revenue reaching $1.26 billion and net revenue at $1.06 billion, a 40% and 44% increase year-over-year, respectively. Adjusted EPS was $1.78, up 41% year-over-year, and backlog increased to an all-time high of $4.79 billion, up 28% year-over-year.
Revenue totaled $1.26 billion, up 40% year-over-year.
Net revenue was $1.06 billion, up 44% year-over-year.
Adjusted EPS reached $1.78, a 41% increase year-over-year.
Backlog increased to a record $4.79 billion, a 28% increase year-over-year.
Forward Guidance
Tetra Tech expects EPS for the first quarter of fiscal 2024 to range from $1.30 to $1.38 and net revenue to range from $950 million to $1.00 billion. For fiscal 2024, Tetra Tech expects EPS to range from $5.70 to $6.00, and net revenue to range from $4.05 billion to $4.25 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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