Form 8-K
8-K — TETRA TECH INC
Accession: 0001104659-26-051486
Filed: 2026-04-29
Period: 2026-04-29
CIK: 0000831641
SIC: 8711 (SERVICES-ENGINEERING SERVICES)
Item: Results of Operations and Financial Condition
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — tm2613029d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2613029d1_ex99-1.htm)
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8-K (Primary)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 29, 2026
TETRA
TECH, INC.
(Exact name of registrant as specified in its
charter)
Delaware
0-19655
95-4148514
(State
or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
3475
East Foothill Boulevard, Pasadena,
California 91107
(Address of principal executive office, including zip code)
(626) 351-4664
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class
Trading
symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.01 par value
TTEK
The
Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
Growth Company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On April 29, 2026, Tetra
Tech, Inc. (“Tetra Tech”) reported its financial results for the second fiscal quarter ended March 29, 2026. A copy of the
press release is attached to this report as Exhibit 99.1.
Exhibit 99.1 attached hereto
shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 8.01. Other Events.
On April 29, 2026, Tetra
Tech announced that its Board of Directors has declared a $0.072 per share quarterly cash dividend. The dividend is payable on June 2,
2026 to stockholders of record as of the close of business on May 14, 2026.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated April 29, 2026, reporting the financial results for Tetra Tech’s second fiscal
quarter ended March 29, 2026, and the declaration of a quarterly cash dividend.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, Tetra Tech has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TETRA TECH, INC.
Date: April 29, 2026
By:
/s/ ROGER R. ARGUS
Roger R. Argus
Chief Executive Officer and President
3
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2613029d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
NEWS
RELEASE
April 29, 2026
Tetra Tech Reports
Strong Second Quarter 2026 Results and
Raises Fiscal
Year 2026 Guidance
· Revenue $1.22 billion; Net Revenue $1.05 billion
· Operating Income $132 million; EBITDA $146 million
· EPS $0.36; Adjusted EPS $0.34
· Backlog $4.28 billion, up 8% sequentially
· Raising FY26 Net Revenue and EPS guidance
Pasadena, California.
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable
infrastructure, today announced results for the second quarter ended March 29, 2026.
Revenue and revenue,
net of subcontractor costs (net revenue)1, in the second quarter totaled $1.22 billion and $1.05 billion, respectively.
Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $132 million and EBITDA1 was $146 million;
EBITDA margin was up 90 basis points Y/Y. EPS was $0.36 and adjusted EPS1 was $0.34. Backlog was $4.28 billion at the end of
the second quarter, up 8% sequentially. Cash from operations was $165 million in the second quarter and $688 million over the trailing
twelve months, resulting in a DSO of 58 days.
Recent Key Wins
· $400 million multiple-award contract for consulting and engineering
services for USACE Huntsville District
· $100 million multiple-award contract for
environmental services for U.S. Air Force
· $99 million single-award contract for
engineering and technical consulting services for U.S. Navy
· $49 million multiple-award contract for
engineering and technical consulting services for USACE Portland District
· £18 million single-award contract
for consulting services for Northern Ireland Water
· $14 million task order contract for technology
consulting services for Defense Logistics Agency
· Netherlands Water framework contracts
for engineering and technical consulting services
· Port of Los Angeles master services agreement
for environmental engineering services
· United Utilities contract for WaterNet™
SaaS water network management solution services
1
Non-GAAP financial measures which the Company believes
provide valuable perspectives on its business results. Refer to tables at the end of the release and Regulation G Information for reconciliations
to the comparable GAAP metrics.
Executive Management Comments
Roger Argus, Chief Executive Officer, commented,
“We delivered a strong second quarter, driven by growth across our end markets in water, environment, and sustainable infrastructure.
In U.S. federal, we saw increased orders from defense agencies related to new facilities and infrastructure modernization. Our high-end
consulting services for providing water supplies and mitigating environmental impacts are increasingly critical to gaining community support
for the establishment of data centers. Our international operations grew due to demand for front-end water and infrastructure consulting
services. These positive trends led to backlog growth and improved revenue visibility for the remainder of the year, leading to our increased
guidance for fiscal 2026.”
Steve Burdick, Chief Financial Officer, stated,
“Tetra Tech has started off the first half of fiscal 2026 with the strongest cash flow generation on record with $238 million from
operations. These exceptional cash flows have consequently provided better returns for shareholders through our stock buyback program,
which has returned $100 million so far this year, and our cash dividend program. Our ability to consistently generate cash in excess of
net income has allowed the Company to once again increase our quarterly cash dividends by an additional 11% over last year. Cash generated
over the last twelve months of $688 million has allowed us to fund acquisitions, complete stock buybacks, and pay dividends, while deleveraging
our net debt by more than 25% from this time last year.”
Quarterly Dividend and Share Repurchase Program
On April 27, 2026, Tetra Tech’s Board
of Directors approved a quarterly dividend in the amount of $0.072 per share, an 11% increase year-over-year, payable on June 2,
2026, to stockholders of record as of May 14, 2026. This is the 44th consecutive double-digit increase in the Company’s
quarterly dividend. In the second quarter of fiscal 2026, Tetra Tech repurchased $50 million of common stock. Additionally, as of March 29,
2026, the Company had $498 million remaining under its share repurchase program.
Six-Month Results
Revenue for the six-month period was $2.43 billion
and net revenue was $2.09 billion. Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $273 million,
EPS was $0.76, and cash flow from operations was $238 million.
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.
For fiscal 2026, Tetra Tech is increasing the
full year guidance for net revenue2 to range from $4.25 billion to $4.40 billion and adjusted EPS3 to range
from $1.50 to $1.58. For the third quarter of fiscal 2026, Tetra Tech expects net revenue to range from $1.05 billion to $1.10 billion
and EPS to range from $0.38 to $0.41.
2 Reconciliation
of the net revenue guidance to the most directly comparable GAAP measure is not available
without unreasonable efforts because the Company cannot predict the magnitude and timing
of all the components, including subcontractor costs, required to provide such reconciliation
with sufficient precision.
3 The
only adjustments in our guidance for EPS are to exclude the gain on business disposition
and contingent consideration in the first six months of fiscal 2026.
Webcast
Investors will have the opportunity to access
a live audio-visual webcast and supplemental financial information concerning the second quarter of fiscal 2026 results through a link
posted on the Company’s website at tetratech.com on April 30, 2026, at 8:00 a.m. (PT).
Reconciliation of GAAP and Non-GAAP Items
In thousands (except EPS data)
Three Months Ended
Six Months Ended
March 29,
2026
March 30,
2025
March 29,
2026
March 30,
2025
Revenue
$ 1,220,157
$ 1,322,113
$ 2,430,820
$ 2,742,674
Subcontractor costs
(170,524 )
(218,408 )
(344,011 )
(441,639 )
Net revenue
$ 1,049,633
$ 1,103,705
$ 2,086,809
$ 2,301,035
Operating Income
$ 131,523
$ 39,603
$ 272,517
$ 62,129
Contingent consideration
(58 )
(1,931 )
(7,506 )
(2,297 )
Legal contingency
-
-
-
115,000
Goodwill impairment
-
92,416
-
92,416
Adjusted Operating Income
$ 131,465
$ 130,088
$ 265,011
$ 267,248
EPS
$ 0.36
$ 0.02
$ 0.76
$ 0.02
Contingent consideration
-
-
(0.02 )
-
Legal contingency
-
-
-
0.35
Goodwill impairment
-
0.31
-
0.31
Gain on divestiture
(0.02 )
-
(0.05 )
-
Adjusted EPS
$ 0.34
$ 0.33
$ 0.69
$ 0.68
About Tetra Tech
Tetra
Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects
worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading
with Science® to address the entire water cycle, protect and restore the environment, and design sustainable
and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn
and Facebook.
CONTACTS:
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
Forward-Looking Statements
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipate," "expect,"
"could," "may," "intend," "plan" and "believe," among others, generally identify forward-looking
statements. These forward-looking statements are based on current expectations and beliefs of Tetra Tech’s management and currently
available operating, financial, economic and other information, and are subject to a number of risks and uncertainties. Readers are cautioned
that these forward-looking statements are only predictions and may differ materially from actual future events or results. A variety of
factors, many of which are beyond our control, could cause actual future results or events to differ materially from those projected in
the forward-looking statements in this release, including but not limited to: continuing worldwide political and economic uncertainties;
the U.S. Administration’s potential changes to fiscal policies; the cyclicality in demand for our overall services; the fluctuation
in demand for oil and gas, and mining services; risks related to international operations; concentration of revenues from U.S. government
agencies and potential funding disruptions by these agencies; dependence on winning or renewing U.S. government contracts; the delay or
unavailability of public funding on U.S. government contracts; the U.S. government’s right to modify, delay, curtail or terminate
contracts at its convenience; compliance with government procurement laws and regulations; the impact of global pandemics; credit risks
associated with certain clients in certain geographic areas or industries; acquisition strategy and integration risks; goodwill or other
intangible asset impairment; the failure to comply with worldwide anti-bribery laws; the failure to comply with domestic and international
export laws; the failure to properly manage projects; the loss of key personnel or the inability to attract and retain qualified personnel;
the ability of our employees to obtain government granted eligibility; the use of estimates and assumptions in the preparation of financial
statements; the ability to maintain adequate workforce utilization; the use of the percentage-of-completion method of accounting; the
inability to accurately estimate and control contract costs; the failure to adequately recover on our claims for additional contract costs;
the failure to win or renew contracts with private and public sector clients; growth strategy management; backlog cancellation and adjustments;
risks relating to cyber security breaches; the failure of partners to perform on joint projects; the failure of subcontractors to satisfy
their obligations; requirements to pay liquidated damages based on contract performance; the adoption of new legal requirements; changes
in resource management, environmental or infrastructure industry laws, regulations or programs; changes in bank and capital markets and
the access to capital; credit agreement covenants; industry competition; liability related to legal proceedings, investigations, and disputes;
the availability of third-party insurance coverage; the ability to obtain adequate bonding; employee, agent, or partner misconduct; employee
risks related to international travel; safety programs; conflict of interest issues; liabilities relating to reports and opinions; liabilities
relating to environmental laws and regulations; force majeure events; protection of intellectual property rights; stock price volatility;
the ability to impede a business combination based on Delaware law and charter documents; and other risks and uncertainties as may be
described in Tetra Tech’s periodic filings with the Securities and Exchange Commission, including those described in the “Risk
Factors” section of Tetra Tech’s Annual Report on Form 10-K for the fiscal year ended September 28, 2025. Readers
should not place undue reliance on forward-looking statements since such information speaks only as of the date of this release. Tetra
Tech does not intend to update forward-looking statements and expressly disclaims any obligation to do so.
Non-GAAP Financial Measures
To supplement the financial results presented
in accordance with generally accepted accounting principles in the United States (“GAAP”), we present certain non-GAAP financial
measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. We provide these non-GAAP financial
measures because we believe they provide a valuable perspective on our financial results. However, non-GAAP measures have limitations
as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. In addition,
other companies may define non-GAAP measures differently which limits the ability of investors to compare non-GAAP measures of Tetra Tech
to those used by our peer companies. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial
measures is set forth above in this release.
Tetra Tech, Inc.
Balance Sheet
(unaudited - in thousands, except par value)
March 29,
September 28,
2026
2025
Assets
Current assets:
Cash and cash equivalents
$ 223,612
$ 167,459
Accounts receivable, net
1,047,330
1,158,928
Contract assets
146,455
138,232
Prepaid expenses and other current assets
124,622
98,768
Assets held-for-sale
-
57,502
Total current assets
1,542,019
1,620,889
Property and equipment, net
65,367
66,148
Right-of-use assets, operating leases
206,527
197,618
Goodwill
2,209,588
2,049,874
Intangible assets, net
129,285
121,160
Deferred tax assets
78,763
106,238
Other non-current assets
130,682
120,247
Total assets
$ 4,362,231
$ 4,282,174
Liabilities and Equity
Current liabilities:
Accounts payable
$ 204,792
$ 204,725
Accrued compensation
245,645
346,912
Contract liabilities
410,858
420,254
Short-term lease liabilities, operating leases
73,743
69,099
Current contingent earn-out liabilities
44,449
24,826
Liabilities held-for-sale
-
25,115
Other current liabilities
249,244
288,113
Total current liabilities
1,228,731
1,379,044
Deferred tax liabilities
20,022
21,333
Long-term debt
880,162
763,363
Long-term lease liabilities, operating leases
155,825
154,695
Non-current contingent earn-out liabilities
63,882
32,135
Other non-current liabilities
149,860
151,440
Total liabilities
2,498,482
2,502,010
Equity:
Preferred stock - authorized, 2,000 shares of $0.01 par value; no shares issued and outstanding at March 29, 2026 and September 28, 2025
-
-
Common
stock - authorized, 750,000 shares of $0.01 par value; issued and outstanding, 259,525 and 261,418 shares at March 29,
2026 and September 28, 2025, respectively
2,595
2,614
Accumulated other comprehensive loss
(94,684 )
(95,777 )
Retained earnings
1,955,468
1,872,948
Tetra Tech stockholders' equity
1,863,379
1,779,785
Noncontrolling interests
370
379
Total stockholders' equity
1,863,749
1,780,164
Total liabilities and stockholders' equity
$ 4,362,231
$ 4,282,174
Tetra Tech, Inc.
Consolidated Statements of Income
(unaudited - in thousands, except per share data)
Three Months Ended
Six Months Ended
March 29,
March 30,
March 29,
March 30,
2026
2025
2026
2025
Revenue
$ 1,220,157
$ 1,322,113
$ 2,430,820
$ 2,742,674
Subcontractor costs
(170,524 )
(218,408 )
(344,011 )
(441,639 )
Other costs of revenue
(835,542 )
(889,523 )
(1,652,347 )
(1,865,376 )
Gross profit
214,091
214,182
434,462
435,659
Selling, general and administrative expenses
(82,626 )
(84,094 )
(169,451 )
(168,411 )
Legal contingency costs
-
-
-
(115,000 )
Contingent consideration - fair value adjustments
58
1,931
7,506
2,297
Impairment of goodwill
-
(92,416 )
-
(92,416 )
Income from operations
131,523
39,603
272,517
62,129
Interest expense, net
(8,838 )
(8,491 )
(15,966 )
(15,709 )
Other non-operating income
4,651
-
12,361
-
Income before income tax expense
127,336
31,112
268,912
46,420
Income tax expense
(33,538 )
(25,700 )
(69,892 )
(40,230 )
Net income
93,798
5,412
199,020
6,190
Net income attributable to noncontrolling interests
(175 )
(24 )
(369 )
(55 )
Net income attributable to Tetra Tech
$ 93,623
$ 5,388
$ 198,651
$ 6,135
Earnings per share attributable to Tetra Tech:
Basic
$ 0.36
$ 0.02
$ 0.76
$ 0.02
Diluted
$ 0.36
$ 0.02
$ 0.76
$ 0.02
Weighted-average common shares outstanding:
Basic
260,144
265,728
260,635
266,819
Diluted
261,919
267,439
262,483
269,691
Tetra Tech, Inc.
Consolidated Statements of Cash Flows
(unaudited, in thousands)
Six Months Ended
March 29,
March 30,
2026
2025
Cash flows from operating activities:
Net income
$ 199,020
$ 6,190
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
28,337
29,939
Amortization of stock-based awards
17,670
17,027
Deferred income taxes
27,069
(6,164 )
Provision for losses on accounts receivables
-
3,331
Gain on sale of divested business
(12,361 )
-
Impairment of goodwill
-
92,416
Fair value adjustments to contingent consideration
(7,506 )
(2,297 )
Gain on cash surrender value of life insurance policies
-
(1,599 )
Other non-cash items
2,387
4,267
Changes in operating assets and liabilities, net of effects of business acquisitions and divestitures:
Accounts receivable and contract assets
143,255
(203,055 )
Prepaid expenses and other assets
1,371
(28,322 )
Accounts payable
(8,236 )
66,917
Accrued compensation
(106,848 )
(83,088 )
Contract liabilities
(9,539 )
37,354
Income taxes receivable/payable
(14,047 )
(3,253 )
Cash settled on contingent earn-out liability
-
(7,420 )
Other liabilities
(22,961 )
84,997
Net cash provided by operating activities
237,611
7,240
Cash flows from investing activities:
Payments for business acquisitions, net of cash acquired
(175,000 )
(5,680 )
Capital expenditures
(10,144 )
(9,022 )
Proceeds from divested business, net
40,263
-
Proceeds from company-owned life insurance policies
-
1,934
Net cash used in investing activities
(144,881 )
(12,768 )
Cash flows from financing activities:
Proceeds from borrowings
240,000
215,000
Repayments on long-term debt
(125,000 )
(15,000 )
Repurchases of common stock
(102,010 )
(174,984 )
Shares repurchased for tax withholdings on share-based awards
(12,430 )
(13,848 )
Payments of contingent earn-out liabilities
(2,842 )
(14,445 )
Stock options exercised
458
171
Dividends paid
(33,852 )
(30,900 )
Principal payments on finance leases
(3,841 )
(3,431 )
Net cash used in financing activities
(39,517 )
(37,437 )
Effect of exchange rate changes on cash and cash equivalents
2,027
(10,291 )
Net increase (decrease) in cash and cash equivalents
55,240
(53,256 )
Cash and cash equivalents at beginning of period
168,372
232,689
Cash and cash equivalents at end of period
$ 223,612
$ 179,433
Tetra Tech, Inc.
Regulation G Information
March 29, 2026
Reconciliation of Revenue to Revenue, Net of Subcontractor Costs ("Net Revenue")
(in millions)
2025
2026
2023
2024
1st
Qtr
2nd
Qtr
6
Mos
3rd
Qtr
9
Mos
4th
Qtr
Total
1st
Qtr
2nd
Qtr
6
Mos
Consolidated
Revenue
4,522.6
5,198.7
1,420.6
1,322.1
2,742.7
1,369.8
4,112.5
1,330.1
5,442.6
1,210.7
1,220.2
2,430.8
Subcontractor
Costs
(771.5 )
(876.8 )
(223.3 )
(218.4 )
(441.7 )
(216.8 )
(658.5 )
(166.8 )
(825.3 )
(173.5 )
(170.5 )
(344.0 )
Net Revenue
3,751.1
4,321.9
1,197.3
1,103.7
2,301.0
1,153.0
3,454.0
1,163.3
4,617.3
1,037.2
1,049.7
2,086.8
GSG
Segment
Revenue
2,300.7
2,624.2
791.4
698.9
1,490.2
709.4
2,199.6
628.9
2,828.6
525.5
559.4
1,084.9
Subcontractor
Costs
(484.3 )
(540.5 )
(144.0 )
(134.6 )
(278.5 )
(136.8 )
(415.3 )
(88.4 )
(503.7 )
(93.4 )
(100.9 )
(194.3 )
Net Revenue
1,816.4
2,083.7
647.4
564.3
1,211.7
572.6
1,784.3
540.5
2,324.9
432.1
458.5
890.6
CIG
Segment
Revenue
2,292.7
2,634.4
644.9
637.8
1,282.6
676.6
1,959.1
721.2
2,680.2
704.2
676.2
1,380.3
Subcontractor
Costs
(358.0 )
(396.2 )
(94.9 )
(98.3 )
(193.2 )
(96.1 )
(289.4 )
(98.3 )
(387.7 )
(99.1 )
(85.0 )
(184.1 )
Net Revenue
1,934.7
2,238.2
550.0
539.5
1,089.4
580.5
1,669.7
622.9
2,292.5
605.1
591.2
1,196.2
Reconciliation
of Net Income Attributable to Tetra Tech to Adjusted EBITDA
(in thousands)
2025
2026
2023
2024
1st
Qtr
2nd
Qtr
6
Mos
3rd
Qtr
9
Mos
4th
Qtr
Total
1st
Qtr
2nd
Qtr
6
Mos
Net
Income Attributable to Tetra Tech
273,420
333,382
747
5,388
6,135
113,844
119,979
127,745
247,724
105,028
93,623
198,651
Income
Tax Expense
127,526
130,023
14,530
25,700
40,230
42,815
83,045
46,624
129,668
36,354
33,538
69,892
Interest
Expense1
46,537
37,271
7,218
8,491
15,709
8,287
23,996
6,806
30,802
7,128
8,838
15,966
Depreciation
19,980
23,722
5,402
5,248
10,650
5,410
16,059
5,115
21,175
5,608
5,550
11,159
Amortization
41,226
49,955
10,660
8,629
19,289
8,287
27,577
9,524
37,101
8,387
8,791
17,178
FX
Hedge Gain
(89,402 )
-
-
-
-
-
-
-
-
-
-
-
Gain
on sale of divested business
-
-
-
-
-
-
-
-
-
(7,710 )
(4,651 )
(12,361 )
EBITDA
419,287
574,353
38,557
53,456
92,013
178,643
270,656
195,814
466,470
154,795
145,689
300,485
Contingent
Consideration
12,255
2,541
(366 )
(1,931 )
(2,297 )
(58 )
(2,355 )
(9,873 )
(12,228 )
(7,447 )
(58 )
(7,506 )
Goodwill
Impairment
-
-
-
92,416
92,416
-
92,416
-
92,416
-
-
-
Acquisition &
Integration Expenses2
49,554
7,138
-
-
-
-
-
-
-
-
-
-
Legal
Contingency Costs
-
-
115,000
-
115,000
-
115,000
-
115,000
-
-
-
Adjusted
EBITDA
481,096
584,032
153,191
143,941
297,132
178,585
475,717
185,941
661,658
147,348
145,631
292,979
1 Includes write-off of deferred debt origination fees of $3.8M in fiscal 2023
2 Includes lease impairment charge of $16.4M in fiscal 2023
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v3.26.1
Cover
Apr. 29, 2026
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Entity Registrant Name
TETRA
TECH, INC.
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Entity Tax Identification Number
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Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
3475
East Foothill Boulevard
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Pasadena
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CA
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