Tetra Tech, Inc. announced record results for both the fiscal year and fourth quarter ended September 29, 2024. For fiscal year 2024, the company reported 15% annual revenue growth and 21% annual EPS growth, with total revenue reaching $5.198 billion and net revenue at $4.321 billion.
In the fourth quarter of fiscal 2024, net revenue increased 8% year-over-year to $1.144 billion, and adjusted EPS rose 15% year-over-year to $0.38. The company's backlog reached an all-time high of $5.38 billion, representing a 12% increase.
Tetra Tech's Board of Directors approved its 42nd consecutive quarterly dividend at $0.058 per share, a 12% increase year-over-year. For fiscal 2025, the company initiated guidance projecting net revenue between $4.565 billion and $4.765 billion, and EPS between $1.40 and $1.50, implying 15% EPS growth.
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