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Stock impact report

Tetra Tech Reports Record Fourth Quarter and Fiscal 2021 Results [MarketWatch]

Tetra Tech, Inc. (TTEK) 
Last tetra tech, inc. earnings: 4/29 04:36 pm Check Earnings Report
US:NASDAQ Investor Relations: tetratech.com/en/investor-relations
Company Research Source: MarketWatch
PASADENA, Calif., (BUSINESS WIRE) -- Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, today announced results for the fourth quarter and fiscal year ended October 3, 2021. Fourth Quarter Results Tetra Tech achieved record quarterly results with all-time highs for revenue, net revenue, earnings and backlog. Revenue in the fourth quarter totaled $892 million and revenue, net of subcontractor costs (net revenue) , was $709 million, up 18% and 20% year-over-year, respectively. Earnings per share (“EPS”) was $1.52 on a GAAP basis and adjusted EPS was $1.05, up 85% and 15% year-over-year, respectively. Cash generated from operations was $78 million, up 15% year-over-year. Backlog at the end of the quarter was a record $3.48 billion, up 7% year-over-year and sequentially. Quarterly Dividend and Share Repurchase Program On November 15, 2021, Tetra Tech's Board of Directors declared a $0.20 per share dividend, an 18% increase over th Show less Read more
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