Tetra Tech Reports Record Fourth Quarter and Fiscal 2009 Results

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK - News) today announced results for the fourth quarter and fiscal year ended September 27, 2009. Fiscal Year ResultsRevenue for fiscal 2009 was $2,287.5 million, up 6.6% from $2,145.3 million, and revenue, net of subcontractor costs, was $1,386.1 million, an increase of 11.3% from $1,245.5 million for the same period last year. Income from operations was $121.9 million, up 14.6% from $106.4 million for the same period last year. Net income was $87.0 million, up 42.9% from $60.9 million for the same period last year. Diluted earnings per share (EPS) were $1.43, up 40.2% from $1.02 for the same period last year. Diluted EPS included approximately $0.21 from a tax benefit related to prior years’ research and experimentation tax credits. Cash generated from operations improved to $198.2 million, up 189.9% compared to $68.4 million for the same period last year.Fourth Quarter ResultsRevenue in the quarter was $575.1 million, down 11.4% from $649.2 million, and revenue, net of subcontractor costs, was $367.0 million, up 5.2% from $348.8 million for the same quarter last year. Income from operations was $32.7 million, up 6.1% from $30.8 million for the same quarter last year. Net income was $20.5 million, up 12.6% from $18.2 million for the same quarter last year. Diluted EPS was $0.33, up 10.0% from $0.30 for the sa...
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Q4 2009 Tetra Tech Earnings Release - After Market Close

Earnings Announcements for Wednesday, November 11CompanySymbolTimeConferenceCallACEGAS SPAAEG.MITime Not SuppliedADLINK INTERNET AGLKI.FTime Not SuppliedAdvance Auto PartsAAPAfter Market CloseListenAEGEAN MARINE PETROLEUM NETWORK INCANWAfter Market CloseListenAeterna Zentaris Inc.AEZSBefore Market OpenAlliant Techsystems Inc.ATKAfter Market CloseListenALLOT COMMUNICATIONS LTDALLTTime Not SuppliedListenAmerican BiltriteABLAfter Market CloseAmerican DG Energy Inc.ADGEBefore Market OpenAmeriGas PartnersAPUBefore Market OpenListenANATOLIA MINERALS DEV LTDALIAF.PKTime Not SuppliedApplied MaterialsAMATAfter Market CloseListenARACRUZ CELULOSE S AARABefore Market OpenARCADIS NVARCVF.PKBefore Market OpenArden GroupARDNATime Not SuppliedArotech CorporationARTXAfter Mar...
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New Star Analyst Rankings for Tetra Tech, Inc.

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...
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TETRA TECH INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Show all filings for TETRA TECH INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for TETRA TECH INC 12-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as ...
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Advanced Auto Parts, Tetra Tech are big movers

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Tetra Tech shares decline on cautious outlook

PITTSBURGH (AP) -- Shares of Tetra Tech Inc. slid Thursday, a day after the engineering consulting firm forecast earnings for fiscal 2010 that fell below of some Wall Street estimates. The Pasadena, Calif.-based company said Wednesday it expects fiscal 2010 earnings of $1.25 to $1.35 per share on revenue of $1.45 billion to $1.55 billion.In a note to investors, Janney Montgomery Scott analyst Debra Coy pointed to a higher consensus estimate of $1.37 per share and her firm's estimate of $1.33 per share. Analysts predicted revenue of $1.53 billion while her firm anticipated $1.47 billion."We believe the cautious outlook is due to continued delays in release of federal government work, as well as continued weakness in commercial building-related work and some state and local consulting work, which is hurting capacity utilization and margins," Coy wrote.She continued: "We had been preparing for conservative guidance, though the bottom end of the range will probably scare some investors."Still, Tetra Tech posted a 12.6 percent rise in fiscal fourth-quarter profit, helped by growth in its federal and international business. Net income rose to $20.5 million, or 33 cents per share, from $18.2 million, or 30 cents per share, a year earlier.Quarterly revenue dropped 11.4 percent to $575.1 million from $649.2 million.For the full fiscal year, the company's profit rose nearly 43 percent to $87 million, or $1.43 per share, from $60.9 million, or $1.02 per share.Revenue climbed 6.6 percent to $2.29 billion from $2.15 billion. Net of subcontractor costs, revenue grew 11.3 percent to $1.39 billion from $1.25 billion.Tetra Tech's Chairman and CEO Dan Batrack said the company's fiscal 2010 outlook "reflects solid growth for the year, with modest growth in the first half and additional strength in the back half."...
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Tetra Tech Earnings Call scheduled for 11:00 am ET today

Call DetailsTetra Tech Earnings Conference Call (Q4 2009)Thu, Nov 12, 2009, 11:00 am EasternAbout Tetra Tech (NasdaqGS:TTEK)Tetra Tech, Inc. provides consulting, engineering, construction, and technical services for resource management and infrastructure in the United States and internationally. Its services include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. The company operates in three segments: Resource Management, Infrastructure, and Communications. The Resource Management segment focuses on water resource management. It supports priority government programs for water quality investigations and restoration, environmental protection and remediation, productive reuse of defense facilities, international development, and sustainable environmental resource planning. This segment offers services to various projects that focus on surface water, groundwater, waste management, environmental remediation and management, alternative energy, regulatory compliance, mining and geotechnical services, and international development. The Infrastructure segment engages in the development of water infrastructure projects; institutional facilities; commercial, recreational, and leisure facilities; transportation projects; and systems and security projects. The Communications segment offers technical solutions to design and build communications infrastructure projects. It provides engineering, permitting, site acquisition, and construction management services. Tetra Tech serves state and local governments; federal, state, and local government agencies; commercial and international customers; telecommunications companies; and cable operators. The company was founded in 1966 and is headquartered in Pasadena, California.More Info:...
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Tetra Tech to Present at the FBR Capital Markets 2009 Fall Investor Conference

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK - News) announced today that David King, Executive Vice President and Chief Financial Officer, and Mike Bieber, Vice President of Corporate Development, will give a presentation to investors at the FBR Capital Markets 2009 Fall Investor Conference in New York City on Wednesday, December 2, 2009, at 8:30 a.m. Eastern Time. Tetra Tech invites investors and other interested parties to attend a live webcast of its presentation. The webcast and a copy of the presentation slides will be available on the Company’s website at www.tetratech.com. A replay of the presentation will be available on the website following the presentation. About Tetra Tech (www.tetratech.com...
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TETRA TECH INC Files SEC form 10-K, Annual Report

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OVERVIEW We are a leading provider of consulting, engineering, program management, construction and technical services focusing on resource management, infrastructure and the environment. We serve our clients by providing cost-effective and innovative solutions to fundamental needs for water, environmental and energy services. We typically begin at the earliest stage of a project by applying science to problems and developing solutions tailored to our clients' needs and resources. Our solutions may span the entire life cycle of the project and include applied science, research and technology, engineering, design, construction management, construction, operations and maintenance, and information technology. We derive our revenue from fees for professional, technical, project management and construction services. As primarily a service-based company, we are labor-intensive rather than capital-intensive. Our revenue is driven by our ability to attract and retain qualified and productive employees, identify business opportunities, secure new and renew existing client contracts, provide outstanding services to our clients and execute projects successfully. We provide our services to a diverse base of federal and state and local government agencies, as well as commercial and international clients. The following table presents the approximate percentage of our revenue, net of subcontractor costs, by client sector: º (1) º Includes all revenue generated from our foreign operations and revenue generated from our international clients that is performed by our domestic operations. Revenue related to projects performed by our domestic operations in foreign countries for U.S. federal government and domestic commercial clients was reported...
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