To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Pasadena, California 91107-6024 It serves clients by providing cost-effective and innovative solutions on dealing with the fundamental needs for water, environmental and alternative energy services. For fiscal 2020, Tetra Tech expects diluted EPS to range from $3.35 to $3.55 and net revenue to range from $2.4 billion to $2.6 billion. . Quarterly Dividend and Share Repurchase Program. Tetra Tech annual revenue for 2019 was $3.1B, a 4.83% growth from 2018. USA PASADENA, Calif.--(BUSINESS WIRE)-- Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. (626) 470-2844 Reconciliation of GAAP and Non-GAAP Items. 3. TETRA Technologies Inc is a medium-sized business with high revenue, that is well-established in its industry. Company Facts Employees: 21,000 Revenue: $3.2 billion (FY 2021) NASDAQ Symbol: TTEK Corporate Office: 3475 East Foothill Blvd., Pasadena, CA 91107; +1 (626) 351-4664 Geographic Reach: 450 offices worldwide However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release, including but not limited to: the impact of the COVID-19 pandemic; continuing worldwide political and economic uncertainties; the U.S. Administrations potential changes to fiscal policies; the cyclicality in demand for our overall services; the fluctuation in demand for oil and gas, and mining services; risks related to international operations; concentration of revenues from U.S. government agencies and potential funding disruptions by these agencies; dependence on winning or renewing U.S. government contracts; the delay or unavailability of public funding on U.S. government contracts; the U.S. governments right to modify, delay, curtail or terminate contracts at its convenience; compliance with government procurement laws and regulations; credit risks associated with certain clients in certain geographic areas or industries; acquisition strategy and integration risks; goodwill or other intangible asset impairment; the failure to comply with worldwide anti-bribery laws; the failure to comply with domestic and international export laws; the failure to properly manage projects; the loss of key personnel or the inability to attract and retain qualified personnel; the ability of our employees to obtain government granted eligibility; the use of estimates and assumptions in the preparation of financial statements; the ability to maintain adequate workforce utilization; the use of the percentage-of-completion method of accounting; the inability to accurately estimate and control contract costs; the failure to adequately recover on our claims for additional contract costs; the failure to win or renew contracts with private and public sector clients; growth strategy management; backlog cancellation and adjustments; risks relating to cyber security breaches; the failure of partners to perform on joint projects; the failure of subcontractors to satisfy their obligations; requirements to pay liquidated damages based on contract performance; the adoption of new legal requirements; changes in resource management, environmental or infrastructure industry laws, regulations or programs; changes in capital markets and the access to capital; credit agreement covenants; industry competition; liability related to legal proceedings, investigations, and disputes; the availability of third-party insurance coverage; the ability to obtain adequate bonding; employee, agent, or partner misconduct; employee risks related to international travel; safety programs; conflict of interest issues; liabilities relating to reports and opinions; liabilities relating to environmental laws and regulations; force majeure events; protection of intellectual property rights; stock price volatility; the ability to impede a business combination based on Delaware law and charter documents; and other risks and uncertainties as may be described in Tetra Techs periodic filings with the Securities and Exchange Commission, including those described in the Risk Factors section of Tetra Techs Annual Report on Form 10-K for the fiscal year ended September 29, 2019, and Tetra Techs Quarterly Reports on Form 10-Q for fiscal year 2020, as well as in Tetra Techs other filings with the SEC. Investor Relations We are Leading with Science to provide sustainable and resilient solutions for our clients. Read more Committed to Sustainability and Climate-Positive Actions THE WOODLANDS, Texas, Oct. 31, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced third-quarter 2022 financial results.. PASADENA, Calif.--(BUSINESS WIRE)-- By providing your email address below, you are providing consent to Tetra Tech to send you the requested Investor Email Alert updates. To supplement the financial results presented in accordance with generally accepted accounting principles in the United States (GAAP), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. Tetra Tech also achieved record annual results with all-time highs for revenue, net revenue, earnings and cash flow. If you experience any issues with this process, please contact us for further assistance. EPS was $4.26 and adjusted EPS was $3.79. For fiscal 2022, Tetra Tech expects EPS to range from $4.00 to $4.20, and net revenue to range from $2.60 billion to $2.80 billion. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan" and "believe," among others, generally identify forward-looking statements. Tetra Tech expects EPS for the first quarter of fiscal 2021 to range from $0.78 to $0.83 and net revenue to range from $570 million to $600 million. Tetra Tech's has a diverse base of international and U.S. commercial clients, as well as U.S. federal and U.S. state and local government agencies. Message Founded in 1981, TETRA Technologies, Inc. ( NYSE: TTI) is an energy services and solutions company, focused on completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Tetra Tech, Inc. was not an exception as three-quarters of its operations witnessed its impact. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan" and "believe," among others, generally identify forward-looking statements. The employee data is based on information from people who have self-reported their past or current employments at Tetra Tech. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Annual Revenue Growth Comment: Tetra Tech's Annual Revenue for the fiscal year ended 2021, increased by 6.12% Tetra Tech Annual Income Statement Revenue for fiscal 2021 totaled $3.21 billion and net revenue was $2.55 billion. This. The strong cash flow enabled the Company to return $100 million to shareholders in fiscal 2021 through a combination of share repurchases and dividends, while continuing to invest in strategic acquisitions and de-leveraging to a net debt ratio of 0.2x 2. Refer to Reconciliation of GAAP and non-GAAP Items. May '19 . Calcium chloride is used in the oil and gas, industrial, agricultural, road, food and beverage markets. 3475 East Foothill Boulevard These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Email address. Upgrade now. Services include management consulting, environmental remediation, geotechnical investigations, and design engineering. A variety of factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in the forward-looking statements in this release, including but not limited to: the impact of the COVID-19 pandemic; continuing worldwide political and economic uncertainties; the U.S. Administrations potential changes to fiscal policies; the cyclicality in demand for our overall services; the fluctuation in demand for oil and gas, and mining services; risks related to international operations; concentration of revenues from U.S. government agencies and potential funding disruptions by these agencies; dependence on winning or renewing U.S. government contracts; the delay or unavailability of public funding on U.S. government contracts; the U.S. governments right to modify, delay, curtail or terminate contracts at its convenience; compliance with government procurement laws and regulations; credit risks associated with certain clients in certain geographic areas or industries; acquisition strategy and integration risks; goodwill or other intangible asset impairment; the failure to comply with worldwide anti-bribery laws; the failure to comply with domestic and international export laws; the failure to properly manage projects; the loss of key personnel or the inability to attract and retain qualified personnel; the ability of our employees to obtain government granted eligibility; the use of estimates and assumptions in the preparation of financial statements; the ability to maintain adequate workforce utilization; the use of the percentage-of-completion method of accounting; the inability to accurately estimate and control contract costs; the failure to adequately recover on our claims for additional contract costs; the failure to win or renew contracts with private and public sector clients; growth strategy management; backlog cancellation and adjustments; risks relating to cyber security breaches; the failure of partners to perform on joint projects; the failure of subcontractors to satisfy their obligations; requirements to pay liquidated damages based on contract performance; the adoption of new legal requirements; changes in resource management, environmental or infrastructure industry laws, regulations or programs; changes in capital markets and the access to capital; credit agreement covenants; industry competition; liability related to legal proceedings, investigations, and disputes; the availability of third-party insurance coverage; the ability to obtain adequate bonding; employee, agent, or partner misconduct; employee risks related to international travel; safety programs; conflict of interest issues; liabilities relating to reports and opinions; liabilities relating to environmental laws and regulations; force majeure events; protection of intellectual property rights; stock price volatility; the ability to impede a business combination based on Delaware law and charter documents; and other risks and uncertainties as may be described in Tetra Techs periodic filings with the Securities and Exchange Commission, including those described in the Risk Factors section of Tetra Techs Annual Report on Form 10-K for the fiscal year ended September 27, 2020, and Tetra Techs Quarterly Reports on Form 10-Q for fiscal year 2021, as well as in Tetra Techs other filings with the SEC. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Tetra Technologies (TTI) delivered earnings and revenue surprises of -33.33% and 1.82%, respectively, for the quarter ended September 2022. City: Refer to Reconciliation of Revenue and Operating Results tables. The company's deep technical expertise spans the disciplines of water, environment, energy, infrastructure, and resource management. Company Profile & Annual Report for Tetra Tech Access the complete profile. October 15, 2022 - 12:02 am. Quarterly Dividend and Share Repurchase Program. Tetra Tech annual revenue for 2021 was $3.214B, a 7.3% increase from 2020. TTEK solves some of the most challenging problems . Tetra Tech's phone number is (626) 351-4664 What is Tetra Tech's official website? Most Recent Quarter Revenue $753.4M (Q4'2020) Peak Revenue $3.1B (2019) Number of Employees 17,000 Revenue / Employee $176,170 Tetra Tech Historical Revenue Tetra Tech's peak revenue was $3.1B in 2019. In the fourth quarter, Tetra Tech repurchased $15 million of common stock. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. USA Upgrade now. 3 Reconciliation of the net revenue guidance to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict the magnitude and timing of all the components required to provide such reconciliation with sufficient precision. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In 2021 the company made a revenue of $0.38 B an increase over the years 2020 revenue that were of $0.37 B .The revenue is the total amount of income that a company generates by the sale of goods or services. Reconciliation of GAAP and Non-GAAP Items. Zippia gives an in-depth look into the details of Tetra Tech, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tetra Tech. Revenue for fiscal 2021 totaled $3.21 billion and net revenue was $2.55 billion. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. EPS was $3.16 and adjusted EPS was $3.26. We continue to see demand for our differentiated high-end consulting services augmented by technology and advanced data analytics, which drove a sequential increase in net revenue across all four of our client sectors. Business Overview. Announces Third Quarter 2022 Earnings Release Conference Call and Webcast. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release. Tetra Tech Revenue (% of Annual Revenues) Revenue (% of Annual Revenues) Chart. Third-quarter 2022 revenue of $135 million increased 41% from the third quarter of 2021 but decreased 4% from the second quarter of 2022 reflecting the seasonality of our European industrial. Tetra Tech's revenue growth from 2016 to 2020 is 15.93%. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. The peak quarterly revenue was $841.5M in 2019(q4). Find out the revenue, expenses and profit or loss over the last fiscal year. We provide these non-GAAP financial measures because we believe they provide a valuable perspective on our financial results. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release. Revenue for fiscal 2021 totaled $3.21 billion and net revenue was $2.55 billion. Jan '19. Backlog at the end of the quarter was a record $3.48 billion, up 7% year-over-year and sequentially. Quarterly Dividend and Share Repurchase Program. Tetra, which belongs to the Zacks Pollution Control industry, posted revenues of $605.17 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 2.75%. Tetra Tech's headquarters are in 3475 E Foothill Blvd, Pasadena, California, 91107, United States What is Tetra Tech's phone number? Tetra Tech annual revenue for 2020 was $3.0B, a -3.62%growth from 2019. 255.00. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Historical Revenue (Annual) Data. Revenue in the fourth quarter totaled $892 million and revenue, net of subcontractor costs (net revenue)1, was $709 million, up 18% and 20% year-over-year, respectively. These statements are forward-looking and the actual results could differ materially. Tetra Tech's official website is www.tetratech.com What is Tetra Tech's Revenue? With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. Senior Project Manager jobs at Tetra Tech, Senior Business Development Manager jobs at Tetra Tech, Electrical Design Engineer jobs at Tetra Tech, Mechanical Design Engineer jobs at Tetra Tech, Senior Mechanical Project Engineer jobs at Tetra Tech. Request Information (626) 470-2439 Company's earnings for a period net of operating costs, taxes, and interest. The following statements are based on current expectations. EPS was $4.26 and adjusted EPS was $3.79. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Q3 2022 Results. Cash generated from operations of $304 million was up 16% compared to the previous year. Revenue, net of subcontractor costs1 (net revenue), on an adjusted basis, in the fourth quarter was $640 million, up 14% year-over-year. We continue to see strong broad-based demand for our high-end consulting and engineering services for critical water and environmental programs. (626) 470-2844 On November 15, 2021, Tetra Techs Board of Directors declared a $0.20 per share dividend, an 18% increase over the prior year, payable on December 20, 2021, to stockholders of record as of December 2, 2021. At Tetra Tech, we promise to treat your data with respect and will not share your information with any third party. These forward-looking statements are based on currently available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Corporate Headquarters TETRA Technologies, Inc. 24955 Interstate 45 North The Woodlands, TX 77380; 281.367.1983 Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Additionally, as of September 27, 2020, the Company had $208 million remaining under the approved share repurchase programs. Cash generated from operations of $209 million was a record, up 12% compared to the previous year. Facebook Our growth was led by projects for U.S. state and local clients, which have increased organically at a double-digit rate for more than three years. (626) 470-2844. Tetra Tech expects EPS for the first quarter of fiscal 2022 to range from $0.98 to $1.03 and net revenue to range from $630 million to $680 million. Tetra Tech Reports Third Quarter 2022 Results. Review and approve the Tetra Tech Annual Operating Plan and Mid-Year Forecast commitments for submission and ensure project revenue is within 10 percent of figures submitted Oversee ongoing recruitment efforts for international staff and consultants and ensure that any technical or operational gaps on the project are filled in a timely manner 58.65M. Sep '18. 270.00. By providing your email address below, you are providing consent to Tetra Tech to send you the requested Investor Email Alert updates. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. EPS was $4.26 and adjusted EPS was $3.79. Annual Report 2021 Annual Report 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 Annual Report 2014 Annual Report 2013 Annual Report 2012 The peak quarterly revenue was $841.5M in 2019(Q4). Investor Relations Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. View source version on businesswire.com: jim.wu@tetratech.com, Press Information These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. Earnings per share (EPS) was $0.82 on a GAAP basis and adjusted EPS1 was $0.91. Achieving ENR's #1 ranking in Water for 19 years in a row Tetra Tech provides innovative, sustainable solutions in the water sector. 8. . The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. September 21, 2022 - 8:05 pm. Tetra Tech creates practical, sustainable, and environmentally responsible solutions to address the worlds most complex challenges. Tetra Tech Inc is a medium-sized business with high revenue, that is well-established in its industry. Tetra Tech Inc (TTEK) 133.89 +2.30 (+1.75%) . TTI (Tetra Technologies) Net Current Asset Value as of today (November 01, 2022) is $-0.67. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Business Overview. Reconciliation of Revenue and Operating Results (In thousands, except EPS data).
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