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Meldungen 03.08.2017

Tetra Tech Reports Third Quarter 2017 Results

Mehr Umsatz und Gewinn im dritten Quartal: Tetra Tech aus dem US-Bundesstaat Kalifornien hat jetzt die neuen Geschäftszahlen veröffentlicht. Demnach stieg der Erlös um 3 Prozent, das Ergebnis je Aktie sogar um 18 Prozent gegenüber 2016. Das dritte Quartal endete für Tetra Tech am 2. Juli 2017. Wir veröffentlichen die Mitteilung des Umweltdienstleisters im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

PASADENA, Calif. -- Tetra Tech, Inc. (TTEK) today announced results for the third quarter ended July 2, 2017.

Third Quarter Results

Revenue in the third quarter totaled $685 million, up 3% year-over-year. For ongoing1 operations, revenue, net of subcontractor costs (net revenue) 2, was $498 million, consistent with the same period in fiscal 2016. Operating income for the third quarter was $46 million, up 17% year-over-year. On an ongoing basis, operating income totaled $47 million, up 7% year-over-year. Earnings per share (EPS) were $0.52, up 18% year-over-year, and on an ongoing basis totaled $0.53, up 6% over the prior-year quarter. Backlog of $2.53 billion was up 12% year-over-year.

Quarterly Dividend and Share Repurchase Program

On July 31, 2017, Tetra Tech’s Board of Directors declared a quarterly dividend of $0.10 per share payable on September 1, 2017 to stockholders of record as of August 17, 2017. Additionally, the Company has $140 million remaining under the previously approved $200 million share repurchase program. The Company anticipates expending $100 million in share repurchases in fiscal year 2017, of which $60 million was completed in the first nine months.

Comments on Results

Tetra Tech’s Chairman and CEO, Dan Batrack commented, “Tetra Tech generated record-high third quarter earnings, operating income, and backlog. Our U.S. federal and U.S. state and local markets continued to grow at double-digit organic rates in the third quarter, with revenues increasing 10% and 16%, respectively. Conversely, our oil and gas markets, particularly in Canada, have become increasingly challenged. Despite the downturn in this market, our backlog reached a record high of $2.5 billion, up 12% year-over-year, giving us confidence that growth will continue across our other end markets.”

Nine-Month Results

Revenue for the nine-month period was $2.0 billion and net revenue was $1.5 billion. Operating income for the nine-month period was $129 million and EPS was $1.44, up 45% and 62%, respectively, from the prior year period. On an ongoing basis, EPS totaled $1.50, up 16% year-over-year.

Business Outlook

The following statements are based on current expectations. These statements are forward-looking and the actual results could differ materially. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release.

Tetra Tech expects ongoing diluted EPS for the fourth quarter of fiscal 2017 to range from $0.60 to $0.62. Net revenue for the fourth quarter is expected to range from $500 million to $520 million. For fiscal 2017, ongoing diluted EPS is expected to range from $2.10 to $2.12 and net revenue is expected to range from $2.00 billion to $2.02 billion.

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