Tetra Tech

US88162G1031

TTEK

TTEK

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For me $TTEK (+1.95%) is right at the top. Not only does the company do cool things, but the figures are also impressive! I Love The Stock❤🤘

Q3 earnings report

Tetra Tech reports record record results with an 11% increase in sales to USD 1.34 billion and a 42% increase in EPS to USD 1.59.

The order backlog grew by 19% to USD 5.23 billion and the annual forecast was raised. A five-for-one stock split was also announced.

Outstanding future projects:

• Energy resilience in Ukraine439 million USD
• Energy resilience and sustainable infrastructure in West Africa73 million USD
• Disaster risk reduction in Asia-PacificUSD 65 million
• Sustainable land and infrastructure systems, including water management in developing countriesUSD 64 million
• Water treatment and PFAS removal in VirginiaUSD 56 million
• Climate change adaptation in Southeast Asia54 million USD
• Fire restoration in Hawaii35 million USD
• Investigation and assessment of contaminated sediments in the Anacostia River, Potomac River Basin32 million USD
• Development of water-leachate treatment solutions at California landfillsUSD 27 million

Tetra Tech reports record results in the third quarter, raises forecast and announces a five-for-one stock split.

$TTEK (+1.95%)

Sales increased 11% year-on-year to 1.34 billion US dollars

Net sales1 increased by 12% year-on-year to 1.11 billion US dollars

Operating profit increased by 32% year-on-year to USD 129 million

Earnings per share increased by 42% year-on-year to USD 1.59

Order backlog increased by 19% year-on-year to USD 5.23 billion

Industry leading DSO of 54 days

Cash flow from operating activities of USD 141 million

Net debt / EBITDA reduced by 34% Y/Y to 1.15x

Recent key achievements

USD 439 million to build energy resilience through innovative solutions for diversified generation, supply and storage of energy in Ukraine

USD 73 million to increase energy resilience and support sustainable infrastructure across West Africa

USD 65 million for disaster risk reduction related to the impacts of climate change and rising sea levels in vulnerable areas in the Asia-Pacific region

USD 64 million to support sustainable land and infrastructure systems, including water resource management and irrigation in developing countries

USD 56 million to develop an advanced water treatment and PFAS removal solution for a new facility in Virginia

USD 54 million for sustainable climate change adaptation infrastructure programs in Southeast Asia

US$35 million for the assessment and restoration of water and environmental impacts associated with fire recovery in Hawaii

US$32 million for the investigation and assessment of contaminated sediments in the Anacostia River in the Potomac River Basin

USD 27 million for the assessment and development of leachate treatment solutions at municipal landfills in California

Management commentary

Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-quality water, environmental and sustainable infrastructure consulting and engineering services, today announced results for the third quarter ended June 30, 2024.

https://youtu.be/sdL-H3rBm_Y?si=Ig0nngS4MxUkIu8L

Hello my dears,

even if I have to say something about my new investment

$TTEK (+1.95%)

I would still like to share with you today's analysis and assessment of Tetra Tech by my favorite analyst Martin Görsch.

https://youtu.be/sdL-H3rBm_Y?si=fx9GzNkl_VqKV9yy

Cobalt Blue appoints global engineering leader Tetra Tech for cobalt-nickel refinery

Published: 22:57 07. July 2024

About Tetra Tech

Tetra Tech has over 550 offices worldwide with around 28,000 employees and experience in complex hydrometallurgical plants and associated material handling.

The company has extensive experience in the development of complex plants, including Iluka's Eneabba project (Phase 2) and the detailed design of Arafura's SX plant.

Importantly for the refinery project, Tetra Tech has worked with Iwatani Australia on a number of projects over the past decade and knows the site and personnel well.

COB believes that Tetra Tech's technical expertise and experience will be invaluable in taking the cobalt-nickel refinery project through the conceptual and detailed design stages.

$TTEK (+1.95%)

https://www.proactiveinvestors.com/companies/news/1051365/cobalt-blue-appoints-global-engineering-leader-tetra-tech-for-cobalt-nickel-refinery-1051365.html