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Tetra Tech (TTEK)
NASDAQ:TTEK
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive performance: solid revenue growth (+8%), margin expansion (+140 bps), stronger cash flow and a healthier balance sheet (net debt/EBITDA ~0.86x), along with raised full-year guidance and continued shareholder returns (dividend +12%, buybacks). Key challenges — a temporary slowdown in U.S. federal orders due to a government shutdown, a flat backlog, a modest decline in U.S. commercial renewables work, and ongoing Australia market softness — are meaningful but appear manageable relative to the company’s financial strength, improved backlog quality, and growth opportunities from international water programs and defense-related M&A.Company Guidance
Solid top-line and EPS growth
Net revenue of $987M in Q1, up 8% year-over-year; operating income of $131M, up 12% YoY; reported GAAP EPS $0.40 and adjusted EPS ~ $0.34–$0.35, up ~17% YoY.
Margin expansion and improved profitability
EBITDA margin expanded by ~140 basis points to 14.2% in Q1; Government Services margin 18% (+40 bps YoY); Commercial & International margin 13% (+40 bps YoY).
Strong segment and geographic performance
Government Services revenue $382M (+5% YoY); Commercial & International revenue $605M (+10% YoY). International revenue represented 48% of net revenues and grew 13% YoY. U.S. state & local grew ~10%; U.S. federal work up ~7%.
Cash flow, balance sheet, and capital returns
Operating cash flow in Q1 $72M (improvement of $59M vs prior year); trailing 12‑month operating cash flow > $500M; DSO 51 days (lowest in >10 years); net debt ~$565M with net debt/EBITDA ~0.86x (down ~20% YoY). Board raised quarterly dividend +12% YoY and continued buybacks ($50M repurchased in 2026; ~$548M buyback capacity remaining).
Raised FY2026 guidance
Updated FY2026 net revenue guidance $4.15B–$4.30B (midpoint ≈ +9% YoY) and adjusted EPS $1.46–$1.56; Q2 revenue guidance $975M–$1.025B and adj EPS $0.30–$0.33. Guidance includes Providence acquisition and assumes certain amortization, depreciation, interest and a 27.5% tax rate.
Backlog quality and front-end wins
Backlog held roughly steady while quality improved — higher proportion of front‑end consulting/design work with higher embedded margins; strong new awards from state/local, commercial and international clients despite federal slowdown.
Strategic awards and M&A progress
Notable contract wins include a $48M Texas Coastal Protection single-award; new UK and Netherlands water contracts; announced acquisitions Halvik (adds ~600 people) and Providence (~100 people) to expand defense and advisory capabilities; completed divestiture of non-core Norway operations.
Favorable market tailwinds
Secular demand for water, environmental stewardship and coastal resiliency: company supporting >$22B of water/wastewater capex programs; international water programs (UK/Ireland AMP cycles, Ireland €11.8B) and rising defense infrastructure spending in US/UK/Australia underpin multi-region growth forecasts.
TTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $37.10 | $38.22 | +3.02% |
Nov 12, 2025 | $32.39 | $37.34 | +15.29% |
Jul 30, 2025 | $37.00 | $36.60 | -1.08% |
May 07, 2025 | $30.71 | $34.69 | +12.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tetra Tech (TTEK) report earnings?
Tetra Tech (TTEK) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Tetra Tech (TTEK) earnings time?
Tetra Tech (TTEK) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TTEK EPS forecast?
TTEK EPS forecast for the fiscal quarter 2026 (Q2) is 0.32.