First tranche taken here. Think it will fall a little under Trump.
I am building a small ETF, so to speak, in relation to wastewater/waste management with 9 other stocks. Couldn't find a suitable ETF at the time.
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12Tetra Tech secures global USAID contract worth 5 billion US dollars. $TTEK (-0.46%)
PASADENA - Tetra Tech, Inc. (NASDAQ:TTEK), a leading consulting and engineering firm, has been awarded a major contract valued at $5 billion by the U.S. Agency for International Development (USAID). The contract is aimed at supporting democracy initiatives worldwide. Under the 10-year framework contract (IDIQ), Tetra Tech will support USAID's Office of Transition Initiatives in improving governance and resilience in developing countries.
The company's tasks include strengthening local participation, revitalizing critical infrastructure, and improving the resilience and accessibility of key public services, including drinking water. These efforts build on Tetra Tech's four decades of experience supporting USAID in strengthening local governance systems.
Dan Batrack, Chairman and CEO of Tetra Tech, emphasized the company's commitment: "We are pleased to continue supporting USAID in its mission to promote robust democracies around the world." The contract is part of a broader initiative to address governance challenges with evidence-based methods.
Tetra Tech, known for its "Leading with Science®" approach, specializes in solving complex problems in the areas of water, environment and sustainable infrastructure. With a workforce of 28,000 employees, the company provides science-based solutions for a wide range of global projects.
Tetra Tech: AI data centers and national chip factories should accelerate growth!
Hello everyone, I am invested in Tetra Tech myself. And the analysts at KeyBanc raised their target from USD 49 to USD 56 on 08.10.2024. They confirmed their "overweight" rating and emphasized that Tetra Tech is one of the highest quality companies. Consequently, the share is a top pick.
Tetra Tech is awarded an Army Corps contract worth 249 million US dollars to support environmentally friendly projects in the USA.
Tetra Tech has been awarded a $249 million contract by the US Army Corps of Engineers for environmental impact assessment and design services.
TTEK shares have gained over 58% in the past year, with a five-for-one stock split that went into effect on September 9 boosting trading activity.
The company announced that the US Army Corps of Engineers (USACE), Omaha District, has awarded a $249 million multiple award contract to provide environmental assessment and design services for facilities and sites throughout the United States.
Under this 7-year contract, Tetra Tech's scientists, engineers and technical specialists will provide a range of comprehensive environmental services.
These include the development of water resource management plans, ecosystem assessment and protection, and the design of sustainable building elements to improve water and energy efficiency.
"Tetra Tech has been helping the USACE restore and protect the environmental resources of its facilities for more than 40 years," said Dan Batrack, chairman and CEO of Tetra Tech.
Hey community does anyone have an opinion on $BLD (-0.29%) or $TTEK (-0.46%) ?
vg
Do you have a favorite stick?😀✌
For me $TTEK (-0.46%) 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:
Tetra Tech reports record results in the third quarter, raises forecast and announces a five-for-one stock split.
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.
Hello my dears,
even if I have to say something about my new investment
I would still like to share with you today's analysis and assessment of Tetra Tech by my favorite analyst Martin Görsch.
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.
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