NASDAQ$TTEK

Tetra Tech Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Tetra Tech achieved record results driven by double digit growth in U.S. State & Local, International and Commercial end markets.

Tetra Tech reported strong second quarter results with record revenue, net revenue, and operating income. Revenue reached $853 million, net revenue was $700 million (up 17% year-over-year), and operating income increased by 23% to $75 million. EPS was $0.98, up 18%.

  • Revenue totaled $853 million, up 13% year-over-year.
  • Net revenue was $700 million, up 17% year-over-year.
  • Operating income increased 23% to $75 million.
  • EPS increased 18% to $0.98.

Headline financials

Total Revenue

$853M

Previous: $755M+13.0%
EPS (adj)

$0.20

Previous: $0.17+17.6%
Backlog

$3.61B

Previous: $3.15B+14.6%
Capital Expenditures

-$5.62M

Previous: -$4.3M-30.8%
Free Cash Flow

$47.4M

Previous: $41.2M+15.0%
Net Income

$53M

Previous: $45.5M+16.5%
Operating Income

$74.5M

Previous: $60.8M+22.6%
Gross Profit

$135M

Previous: $112M+20.2%
Cash & Equivalents

$194M

Previous: $225M-13.7%
Total Assets

$2.65B

Previous: $2.46B+7.8%
Stock-Based Comp

$6.56M

Previous: $5.67M+15.8%

Revenue & EPS history

Tetra Tech · Revenue · Quarterly

$853M

Q2 2022+13%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Tetra Tech is increasing EPS to now range from $4.30 to $4.40, and increasing the guidance for net revenue to range from $2.72 billion to $2.82 billion for fiscal year 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.2%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+17.2%

Q4 2022

Best reaction

-12.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.0%-0.7%-13.7%
Q1 2026+3.2%+5.2%-3.4%
Q4 2025+15.4%+9.8%+6.5%
Q2 2025+13.0%+13.5%+15.3%
Q1 2025-2.9%-8.3%-22.5%
Q4 2024-12.8%-14.0%-11.2%
Q3 2024+7.9%+6.5%+11.5%
Q2 2024+4.9%+8.9%+7.6%
Q1 2024+0.2%+0.6%+7.6%
Q4 2023+1.7%+2.3%+2.8%
Q3 2023+0.8%-0.1%-6.9%
Q2 2023+1.4%-2.6%+8.8%
Q1 2023-1.6%-3.6%-10.7%
Q4 2022+17.2%+13.7%+9.1%
Q3 2022-4.3%-6.7%-12.7%
Q2 2022-3.3%-8.8%+0.5%
Q1 2022+3.9%+3.5%+13.1%
Q4 2021+3.3%+3.6%-10.8%
Q3 2021+1.6%+3.0%+10.8%
Q2 2021-4.9%-7.8%-11.0%
Q1 2021-4.8%-7.1%+3.6%
Q4 2020+1.8%+8.8%+0.9%
Q3 2020+4.5%+5.3%+8.3%
Q2 2020-4.9%-10.6%-0.3%
Q1 2020-0.8%-2.6%-9.7%
Q4 2019-0.9%+0.0%-1.4%
Q3 2019-3.4%-5.4%+2.1%
Q2 2019+4.5%+5.0%+4.3%
Q1 2019+13.6%+12.9%+24.7%
Q4 2018+7.7%-0.6%-18.7%
Q3 2018+8.7%+12.8%+14.8%
Q2 2018+2.5%+5.9%+16.9%
Q1 2018+7.0%-3.6%-0.7%
Q4 2017-2.4%+1.0%-0.7%
Q3 2017-11.5%-11.8%-9.6%
Q2 2017+0.6%+3.5%+5.1%
Q1 2017-7.7%-5.1%-6.8%
Q4 2016+4.3%+7.6%+14.9%
Q3 2016+2.3%+1.3%+7.1%
Q2 2016-1.6%
Q1 2016+5.3%
Q4 2015-3.9%
Q3 2015+1.8%
Q2 2015+8.4%
Q1 2015-3.9%
Q4 2014+1.9%
Q3 2014-9.7%
Q2 2014-5.0%
Q1 2014+0.7%
Q4 2013+8.7%
Q3 2013-0.2%
Q2 2013+1.1%
Q1 2013-2.2%
Q4 2012-3.4%
Q3 2012-4.3%
Q2 2012-2.4%
Q1 2012+1.9%
Q4 2011+0.2%
Q3 2011-12.5%
Q2 2011+4.9%
Q1 2010+1.3%
Q1 2011+1.2%
Q4 2008-2.6%
Q2 2010-2.6%
Q4 2010-2.6%
Q3 2010-0.5%
Q4 2009-0.5%
Q3 2009-0.5%

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