Tetra Tech, Inc. (TTEK) research, news, and more from GeoInvesting

Company description

Mon, 11 May 2009 04:00:00 GMT

Tetra Tech is a leading provider of consulting, engineering, program management, construction and technical services addressing the resource management and infrastructure markets. The Company supports government and commercial clients by providing innovative solutions focused on water, the environment and energy. With more than 10,000 employees worldwide, Tetra Tech’s capabilities span the entire project life cycle.

Comments & Business Outlook

Wed, 01 Jul 2009 04:00:00 GMT

Tetra Tech’s Chairman and CEO Dan Batrack remarked, “We are pleased with the Company’s second quarter results. This quarter we continued to navigate through challenging economic market conditions. Our focus on water, environmental, and alternative energy programs contributed to our continued growth. Our performance this quarter was highlighted by the exceptional generation of operating cash, which positions us to continue making strategic acquisitions and fund organic growth. Looking forward, we expect to deliver solid performance through the remainder of fiscal 2009.”

3rd Quarter 2009 Guidance Ending June ^a

	3rd Quarter 2009 Guidance	3rd Quarter 2008 Reported	Period Change
Non-GAAP Revenue	$330.0 to $350.0 million	$332.3 million	-1.0% to 5.3%
GAAP EPS	$0.29 to $0.31	$0.27	7.4% to 14.8%

Source: See Release, April 29, 2009

FULL YEAR 2009 Guidance Ending September ^a

	Full Year 2009 Guidance	Full Year 2008 Reported	Period Change
Non-GAAP Revenue	$1.35 billion to $1.40 billion	$1.61 billion	16.1% to 13.0%
Non-GAAP EPS ^b	$1.12 to $1.18	$1.02	9.8% to 15.7%

Source: See Release, April 29, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

Comments & Business Outlook

Thu, 29 Jan 2009 05:00:00 GMT

Guidance Report:

Full Year Fiscal 2009 Guidance

2009 Revenue Guidance	2008 Revenue	Implied Revenue Growth	2009 EPS Guidance	2008 EPS	Implied EPS Growth
1.35 to $1.45 billion	$1.61 billion	16.2% to 10%	$1.12 to $1.18	$1.02	9.8% to 15.7%

Tetra Tech’s Chairman and CEO Dan Batrack stated, “Tetra Tech had an outstanding fiscal 2008 and we are pleased to report record fourth quarter and fiscal 2008 results. Our excellent performance was driven by our focus on water, environmental, and alternative energy solutions. We thank all of our associates throughout the Company, without whose dedication to service and excellence we could not have accomplished these record results. We also thank our clients for entrusting us with a growing share of their most complex project needs. While we are clearly aware of the current global economic challenges, we are confident in our growth outlook for fiscal 2009. We remain committed to achieving our long-term goal of 15% top and bottom line growth, with approximately half resulting from organic operations and half from acquisitions.”

Source: Business Wire (January 28, 2009)