Tetra Tech, Inc. Declares Quarterly Dividend, Payable on February 28, 2019; Announces Earnings Results for the First Quarter Ended December 30, 2018; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2019
January 30, 2019 at 04:00 pm EST
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On January 28, 2019, Tetra Tech, Inc.'s Board of Directors declared a quarterly dividend of $0.12 per share payable on February 28, 2019 to stockholders of record as of February 13, 2019.
Tetra Tech, Inc. announced earnings results for the first quarter ended December 30, 2018. For the quarter, the company reported revenue was $717,431,000 compared to $759,749,000 a year ago. Operating income was $55,711,000 compared to $48,589,000 a year ago. Net income attributable to Tetra Tech was $41,997,000 compared to $46,034,000 a year ago. Basic earnings per share attributable to Tetra Tech was $0.76 compared to $0.82 a year ago. Diluted earnings per share attributable to Tetra Tech was $0.75 compared to $0.81 a year ago.
For the second quarter of fiscal 2019, the company expects EPS to range from $0.61 to $0.66. Net revenue for the second quarter is expected to range from $520 million to $570 million.
For fiscal 2019, company is increasing its EPS guidance and now expects EPS, excluding the non-recurring tax benefit in the first quarter, to be in the range of $2.80 to $2.95. Company expects net revenue to range from $2.2 billion to $2.4 billion.
Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.
Tetra Tech, Inc. Declares Quarterly Dividend, Payable on February 28, 2019; Announces Earnings Results for the First Quarter Ended December 30, 2018; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2019