Description

Tetra Tech’s 20-Project Data Center Pipeline: Can Early Feasibility Work Unlock Bigger Contracts?

Tetra Tech reported fiscal second quarter results marked by broad-based growth across its core markets driven by increasing demand for its consulting services focused on water, environment, and sustainable infrastructure. Net revenue rose 8% year-over-year, reaching $1.05–$1.1 billion guidance range for the upcoming quarter, supported by strength in both U.S. federal and commercial sectors, as well as international markets including the U.K., Ireland, the Netherlands, Canada, and Australia. The company delivered a record second-quarter EBITDA of $146 million, with margins expanding by 90 basis points to 14%, reflecting operational leverage and successful cost management. Adjusted earnings per share of $0.34 beat guidance expectations and were the highest for any second quarter. Backlog increased 8% sequentially to $4.28 billion, signaling strong visibility into future revenues with high-quality contracts that are contracted, funded, and authorized.