Tetra Tech, Inc. announced strong results for the third quarter ended June 29, 2025, reporting increasing revenue, record operating income, and significant operating margin expansion compared to the prior year's third quarter. Net revenue for the quarter was $1.153 billion, and adjusted EPS was $0.43, an increase of 34.4% year-over-year.
The company's adjusted operating income reached $164.9 million, up 27.7% year-over-year. Tetra Tech's backlog stood at $4.277 billion at the end of the quarter. Chairman and CEO Dan Batrack noted that the performance was driven by high-end water, environmental, and sustainable infrastructure services, including increased funding for natural disaster preparedness and response.
Tetra Tech's Board of Directors approved its 45th consecutive quarterly dividend at $0.065 per share, maintaining a 12% increase year-over-year. The company repurchased $25 million of common stock in the quarter, with $648 million remaining under approved share repurchase programs. For fiscal 2025, Tetra Tech raised its adjusted EPS guidance to a range of $1.49 to $1.54.
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