Tetra Tech shares rise 5% after fiscal Q4 profit tops estimates

Tetra Tech (TTEK) earned adjusted EPS of 49 cents per share for its fiscal fourth quarter, topping the 48 cent estimate. Shares rose 4.9% at 3:59 p.m. ET, from a $37.61 close. Net revenue of $1.15 billion came in below the $1.17 billion estimate.

Here's how the company did:

• Adjusted EPS: 49 cents vs. 48 cents expected
• Net revenue: $1.15 billion vs. $1.16 billion a year earlier and $1.17 billion expected
• Revenue: $1.34 billion vs. $1.33 billion a year earlier

Adjusted EPS rose 9% from a year earlier.

Net revenue increased 5% from a year earlier when episodic disaster response is excluded.

Operating income was $188 million. Adjusted EBITDA was $194 million, and its margin rose 90 basis points from a year earlier.

Backlog was $4.67 billion at the end of the quarter, up 13% from a year earlier.

Fiscal 2026 results

For the full fiscal year, revenue was $5.08 billion and net revenue was $4.35 billion.

Adjusted EPS for the year was $1.60, above the $1.56 to $1.59 range the company raised to on July 29.

Operating income was $619 million and adjusted EBITDA was $660 million, with margin up 90 basis points from fiscal 2025. Cash generated from operations rose 14%.

Backlog and outlook

Guidance

For the first quarter of fiscal 2027, the company expects EPS of $0.36 to $0.38 and net revenue of $1.04 billion to $1.08 billion.

For fiscal 2027, the company expects EPS of $1.65 to $1.80 and net revenue of $4.425 billion to $4.625 billion.

Dividend and share repurchases

The board approved a quarterly dividend of 7.2 cents per share, an 11% increase from a year earlier. It is payable Dec. 11, 2026, to holders of record as of Dec. 2, 2026.

This is the 46th consecutive double-digit increase in the quarterly dividend.

The company repurchased $100 million of common stock in the quarter. As of Sept. 27, 2026, it had $798 million remaining under its share repurchase program.