Tetra Tech reports Q3 EPS $1.29, consensus $1.18

Reports Q3 revenue $1.21B, consensus $959.3M. Tetra Tech Chairman and CEO, Dan Batrack, commented, “Tetra Tech delivered another quarter of record financial performance driven by our differentiated Leading with Science(R) services in water, environment and sustainable infrastructure. We are seeing increasing demand from both our commercial and government clients to address the impacts of climate change including water scarcity, infrastructure vulnerability, and environmental degradation. This has resulted in a significant broad-based increase in project awards from our key clients in North America, U.K., and Australia. The combination with RPS is exceeding our expectations, including the speed of margin expansion and the identification of revenue synergies. Based on our strong performance and record high backlog, we are increasing our net revenue and earnings per share guidance for fiscal 2023.”