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Tetra Tech Fiscal Q3 Earnings, Revenue Rise; Sets Q4 Outlook, Increases 2024 Guidance
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Tetra Tech Fiscal Q3 Earnings, Revenue Rise; Sets Q4 Outlook, Increases 2024 Guidance
Jul 31, 2024 1:51 PM

04:25 PM EDT, 07/31/2024 (MT Newswires) -- Tetra Tech (TTEK) reported fiscal Q3 earnings late Wednesday of $1.59 per diluted share, up from $1.12 a year earlier.

Analysts polled by Capital IQ expected earnings of $1.56.

Revenue for the quarter ended June 30 rose to $1.34 billion from $1.21 billion a year earlier. Analysts surveyed by Capital IQ expected $1.08 billion.

For fiscal Q4, the company expects earnings between $1.82 and $1.87 per share on revenue of $1.09 billion to $1.14 billion. Analysts polled by Capital IQ expect $1.85 on revenue of $1.14 billion.

For fiscal 2024, the company raised its earnings guidance to between $6.23 and $6.28 from $6.15 to $6.25 previously. Analysts surveyed by Capital IQ expected $6.22.

Tetra Tech also raised its fiscal 2024 revenue outlook to between $4.27 billion and $4.32 billion from $4.21 billion to $4.31 billion previously. Analysts expect $4.28 billion.

The company maintained its quarterly dividend at $0.29 a share, payable on Aug. 30 to shareholders of record on Aug. 15.

Price: 224.75, Change: +11.51, Percent Change: +5.40

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