AI Earnings Predictions for Tetra Tech Inc. (TTEK)

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EX-99.1

2 tm2613029d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

NEWS

RELEASE

April 29, 2026

Tetra Tech Reports Strong Second Quarter 2026 Results and

Raises Fiscal Year 2026 Guidance

·Revenue $1.22 billion; Net Revenue $1.05 billion

·Operating Income $132 million; EBITDA $146 million

·EPS $0.36; Adjusted EPS $0.34

·Backlog $4.28 billion, up 8% sequentially

·Raising FY26 Net Revenue and EPS guidance

Pasadena, California. Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for the second quarter ended March 29, 2026.

Revenue and revenue, net of subcontractor costs (net revenue)1, in the second quarter totaled $1.22 billion and $1.05 billion, respectively. Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $132 million and EBITDA1 was $146 million; EBITDA margin was up 90 basis points Y/Y. EPS was $0.36 and adjusted EPS1 was $0.34. Backlog was $4.28 billion at the end of the second quarter, up 8% sequentially. Cash from operations was $165 million in the second quarter and $688 million over the trailing twelve months, resulting in a DSO of 58 days.

Recent Key Wins

·$400 million multiple-award contract for consulting and engineering services for USACE Huntsville District

·$100 million multiple-award contract for environmental services for U.S. Air Force

·$99 million single-award contract for engineering and technical consulting services for U.S. Navy

·$49 million multiple-award contract for engineering and technical consulting services for USACE Portland District

·£18 million single-award contract for consulting services for Northern Ireland Water

·$14 million task order contract for technology consulting services for Defense Logistics Agency

·Netherlands Water framework contracts for engineering and technical consulting services

·Port of Los Angeles master services agreement for environmental engineering services

·United Utilities contract for WaterNet™ SaaS water network management solution services

1 Non-GAAP financial measures which the Company believes provide valuable perspectives on its business results. Refer to tables at the end of the release and Regulation G Information for reconciliations to the comparable GAAP metrics.

Executive Management Comments

Roger Argus, Chief Executive Officer, commented, “We delivered a strong second quarter, driven by growth across our end markets in water, environment, and sustainable infrastructure. In U.S. federal, we saw increased orders from defense agencies related to new facilities and infrastructure modernization. Our high-end consulting services for providing water supplies and mitigating environmental impacts are increasingly critical to gaining community support for the establishment of data centers. Our international operations grew due to demand for front-end water and infrastructure consulting services. These positive trends led to backlog growth and improved revenue visibility for the remainder of the year, leading to our increased guidance for fiscal 2026.”

Steve Burdick, Chief Financial Officer, stated, “Tetra Tech has started off the first half of fiscal 2026 with the strongest cash flow generation on record with $238 million from operations. These exceptional cash flows have consequently provided better returns for shareholders through our stock buyback program, which has returned $100 million so far this year, and our cash dividend program. Our ability to consistently generate cash in excess of net income has allowed the Company to once again increase our quarterly cash dividends by an additional 11% over last year. Cash generated over the last twelve months of $688 million has allowed us to fund acquisitions, complete stock buybacks, and pay dividends, while deleveraging our net debt by more than 25% from this time last year.”

Quarterly Dividend and Share Repurchase Program

On April 27, 2026, Tetra Tech’s Board of Directors approved a quarterly dividend in the amount of $0.072 per share, an 11% increase year-over-year, payable on June 2, 2026, to stockholders of record as of May 14, 2026. This is the 44th consecutive double-digit increase in the Company’s quarterly dividend. In the second quarter of fiscal 2026, Tetra Tech repurchased $50 million of common stock. Additionally, as of March 29, 2026, the Company had $498 million remaining under its share repurchase program.

Six-Month Results

Revenue for the six-month period was $2.43 billion

and net revenue was $2.09 billion. Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $273 million, EPS was $0.76, and cash flow from operations was $238 million.

Business Outlook

The following statements are based on current expectations. These statements are forward-looking, and the actual results could differ materially. These statements do not include the potential impact of transactions tha

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2026-01-28 2026-01-28

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

January 28, 2026

TETRA

TECH, INC.

(Exact name of registrant as specified in its charter)

Delaware

0-19655

95-4148514

(State or other jurisdiction of incorporation)

(Commission

File Number)

(IRS Employer

Identification Number)

3475 East Foothill Boulevard, Pasadena, California 91107

(Address of principal executive office, including zip code)

(626) 351-4664

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

TTEK

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02. Results of Operations and Financial Condition.

On January 28, 2026, Tetra Tech, Inc. (“Tetra Tech”) reported its financial results for the first fiscal quarter ended December 28, 2025. A copy of the press release is attached to this report as Exhibit 99.1.

Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 8.01. Other Events.

On January 28, 2026, Tetra Tech announced that its Board of Directors has declared a $0.065 per share quarterly cash dividend. The dividend is payable on February 27, 2026 to stockholders of record as of the close of business on February 12, 2026.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated January 28, 2026, reporting the financial results for Tetra Tech’s first fiscal quarter ended December 28, 2025, and the declaration of a quarterly cash dividend.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Tetra Tech has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TETRA TECH, INC.

Date: January 28, 2026 By: /s/ DAN L. BATRACK

Dan L. Batrack

Chairman and Chief Executive Officer

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