$TTEK (+1,14%) What happened there...

$TTEK (+1,14%)

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 first quarter ended December 29, 2024.

Revenue increased 16% year-over-year to $1.42 billion

Net sales1 increased 18% year-over-year to $1.20 billion

Operating income $23 million; adjusted operating income increased 24% year-over-year to $138 million

Earnings per share USD 0.00; adjusted earnings per share 1 increased by 25% year-on-year to USD 0.35

Backlog increased 15% year-over-year to $5.44 billion

Industry-leading DSO of 55.9 days

Recent major achievements.

Multiple-award contracts worth USD 498 million over five years to provide architectural and engineering services and civil engineering support to the USACE in the Los Angeles and Japan districts

Five-year multiple-award contract worth USD 249 million for planning and engineering services for the USACE Mobile District

Five-year, $100 million multiple award contract for the Office of Land and Emergency Management to research and analyze new advanced environmental technologies

66 million US dollar, five-year contract to provide disaster and emergency services in the US Midwest

Multi-award architecture and engineering contract valued at $46 million for flood and emergency response for the USACE

Comments from the Chairman and CEO

Dan Batrack, Chairman and CEO, commented: "Tetra Tech started FY2025 with a strong first quarter that included record revenue and backlog, as well as record first quarter adjusted operating income and earnings per share. We continued to see significant demand for our differentiated water, environmental and sustainable infrastructure services across our global businesses. In the first quarter, we added over $1 billion in new contract capacity, including contracts for basic water supply, flood control structures and inland waterways. With our record backlog and momentum, we are well positioned to respond to the priorities of our U.S. and international customers."

Quarterly dividend and share buyback program

On January 27, 2025, Tetra Tech's Board of Directors approved the company's 43rd consecutive quarterly dividend of $0.058 per share, an increase of 12% over the prior year. The dividend will be paid on February 26, 2025 to shareholders of record on February 12, 2025. In the first quarter, Tetra Tech repurchased USD 25 million worth of common stock. In addition, as of December 29, 2024, the company had USD 323 million remaining under its USD 400 million share buyback program.

https://www.wallstreet-online.de/nachricht/18946083-tetra-tech-reports-strong-first-quarter-results

The short-term key interest rate rises from 0.25% to 0.5%.

As the increase was expected, things should not go as smoothly as last August. In addition, I $OXY (-3,95%) and $TTEK (+1,14%) in the portfolio and have already seen enough red this week 😄

The stock market year is now history and I am quite satisfied with the performance, or rather it was my personally best year on the stock market so far in my almost 8 year "career" as a "fund manager", almost 50,000 € gross asset growth in one year, for me as a simple man and normal earner still surreal. I mean, that's more than my gross annual income from my job. In addition, there was a gross dividend of around €9,000, which I have to rely on getquin for, because I got a bit lazy this year and didn't track the net dividend in Portfolio Performance on my PC. It's a bit strange to share my "successes" anonymously here on social media, talking about them in real life with friends/colleagues and sometimes with family is still unimaginable for me.

As far as the portfolios are concerned, there has been a lot of movement, at least in my Scalable portfolio.

Reit has been reduced somewhat, the BP and Shell positions are out and have been partially reallocated to Chevron and Exxon. Altria and BAT are also no longer in the portfolio. With a heavy heart, I have also sold $UKW (+0%) with a heavy heart 😥

As these are positions with high dividends, the cash flow for 2025 will also fall to around €7,000 gross.

I used some of the money to invest in shares with a little more potential in the future and so I only added positions in November, such as $ASML (+0,42%)
$LRCX (+0,39%)
$KLAC (-4,39%)
$DB1 (-0,79%)
$CSL (-1,11%)
$NXPI (-0,37%)
$TTEK (+1,14%)
$CTAS (-1,16%)

In addition, I started my "savings plan project" at Trade Republic in February 2024 with the "Ultimate Homer Hardcore ETF", which has now reached a "fund volume" of over €70,000 💪😁

2025 is the turn of the 100k 😁👍

The 50k is divided into approx. 45k price gains for shares and 5k for gold/silver

A happy new year and a happy new year 2025 to you all 🥳💰🍀❤️

In view of the US elections, the question arises: could Trump's return actually boost the industry? After all, his policies could focus heavily on infrastructure, deregulation and energy.

Which stocks do you think are best positioned in this scenario?

My personal favorites for 'Trump trades' in this regard would be:

Caterpillar (construction equipment & infrastructure) $CAT (-0,55%)

Parker Hannifin (industrial components & automation) $PH (+0,75%)

Tetra Tech (engineering services, especially for water projects) $TTEK (+1,14%)

I am looking forward to your assessments!

could not resist.

Hello dear community

how do you see the current entry or first purchase for $TTEK (+1,14%) ?

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.

Source:

https://investor.tetratech.com/press-releases/news-details/2024/Tetra-Tech-Reports-Record-Fiscal-2024-and-Fourth-Quarter-Results/

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.

Tetra Tech secures global USAID contract worth 5 billion US dollars. $TTEK (+1,14%)

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.

https://de.investing.com/news/company-news/tetra-tech-sichert-sich-globalen-usaidvertrag-im-wert-von-5-milliarden-usdollar-93CH-2753646