Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com -- Tetra Tech , Inc. (NASDAQ:TTEK) reported better-than-expected second-quarter results and raised its full-year guidance, sending shares up 3.7% in after-hours trading.
The engineering and consulting firm posted adjusted earnings per share of $0.33 for the quarter ended March 30, 2025, surpassing the analyst estimate of $0.30. Revenue came in at $1.32 billion, significantly above the consensus expectation of $1.04 billion and up 6% YoY.
Net revenue, which excludes subcontractor costs, increased 5% YoY to $1.10 billion. Adjusted operating income rose 11% YoY to $130 million.
"We generated record second quarter results for revenue and net income despite the decrease in revenue associated with the reorganization of USAID," said Dan Batrack, Chairman and CEO. "Our growth in State and Local, U.S. Commercial, and International revenues more than offset this headwind."
For fiscal year 2025, Tetra Tech raised its net revenue guidance to a range of $4.40 billion to $4.77 billion, up from its previous outlook. The company also increased its adjusted EPS forecast to $1.42-$1.52, above the analyst consensus of $1.41.
The company reported a book-to-bill ratio of 1.1x for the quarter, excluding USAID and Department of State contracts. Backlog stood at $4.09 billion, up $127 million YoY.
Tetra Tech’s board approved a 12% increase in its quarterly dividend to $0.065 per share. The company also expanded its share repurchase program by an additional $500 million.
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