Reports Q4 revenue $903M, consensus $712.9M. CEO Dan Batrack commented, "Tetra Tech completed fiscal 2022 with record high quarterly and annual revenue, operating income, and EPS. In a quarter with record revenue, we also had record new orders of $1.3 billion, which resulted in a book-to-bill of 1.4x and all-time high backlog of $3.74 billion. Tetra Tech’s market leading positions in digital water, climate change, and renewable energy are being significantly augmented by increased U.S. federal funding and are providing strong momentum for fiscal year 2023." Mr. Batrack further stated, "Our offer to acquire the RPS Group received shareholder approval on November 3, 2022 and will be finalized upon receipt of regulatory consent. The RPS Group brings 5,000 staff expanding our presence in the United Kingdom, Europe, Asia Pacific, and North America, adding expertise in energy transformation, water, and program management. Combining Tetra Tech and the RPS Group will further our strategic goal to be the leading global high-end consultancy in water, environment, and sustainable infrastructure."
Published first on TheFly
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