Yesterday's figures are actually not that bad 🤔
Tetra Tech reports record results for fiscal year 2024 and the fourth quarter
Highlights of the fourth quarter
- Net sales increased to $1.37 billion
- Net sales increased to 1.14 billion US dollars
- Operating income increased 33% year-over-year to $143 million
- Earnings per share increased by 75 % year-on-year to USD 0.35; adjusted earnings per share increased by 15 % year-on-year to USD 0.38
Financial year 2024
- Record annual sales of USD 5.20 billion, an increase of 15% compared to the previous year
- Record annual net sales of USD 4.32 billion, up 15% on the previous year
- Record annual operating result of USD 501 million, an increase of 40% compared to the previous year
- Record earnings per share (EPS) year-on-year, up 21% on the previous year
- Record order backlog of USD 5.38 billion, an increase of 12% compared to the previous year
Dividend and share buyback program
On November 11, 2024, Tetra Tech's Board of Directors approved the company's 42nd consecutive quarterly dividend of $0.058 per share, an increase of 12% year-over-year, payable on December 13, 2024 to shareholders of record as of November 27, 2024. Tetra Tech has $348 million remaining under its $400 million share repurchase program.
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