Tetra Tech, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 01, 2024 at 05:01 pm EDT
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Tetra Tech, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 1,251.62 million compared to USD 1,158.23 million a year ago. Net income was USD 76.45 million compared to USD 42.83 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 0.8 a year ago.
For the six months, sales was USD 2,479.88 million compared to USD 2,052.99 million a year ago. Net income was USD 151.42 million compared to USD 159.54 million a year ago. Basic earnings per share from continuing operations was USD 2.83 compared to USD 3 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to USD 2.98 a year ago.
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.