Tetra Tech reported third quarter net revenue of $1.11 billion and EPS of $0.42, beating analyst expectations. The company raised its full-year guidance for fiscal 2026 based on strong year-to-date performance.
Key Highlights
- The company's project backlog grew to $4.49 billion, an increase of 5% sequentially, driven by significant new orders for commercial data center and sediment restoration projects.
- Fiscal 2026 guidance was increased, with adjusted EPS now expected to be between $1.56 and $1.59 and the midpoint for net revenue guidance raised.
- Growth was driven by U.S. federal and international end markets, which both increased at a double-digit rate.
- The company generated record cash flow from operations of $467 million through the first three quarters of fiscal 2026.