Tetra Tech Beats Q4 EPS Estimate as Backlog Grows 13%

Tetra Tech, Inc. (TTEK) reported fourth-quarter fiscal 2026 revenue of $1.34 billion and adjusted earnings per share of $0.49, up 9% year over year and above the $0.47 consensus estimate. Backlog rose 13% to $4.67 billion, per the company's earnings release.

Roger Argus, chief executive officer, said the backlog gives the company confidence in continued revenue growth and further margin expansion. Net revenue was $1.15 billion, adjusted EBITDA was $194 million and the adjusted EBITDA margin widened by 90 basis points year over year. For fiscal 2026, revenue was $5.08 billion and net revenue was $4.35 billion, with EPS of $1.69.

For fiscal 2027, Tetra Tech forecast EPS of $1.65 to $1.80 and net revenue of $4.425 billion to $4.625 billion; first-quarter fiscal 2027 guidance is EPS of $0.36 to $0.38 and net revenue of $1.04 billion to $1.08 billion. The board approved a quarterly dividend of $0.072 a share, up 11% year over year, payable Dec. 11, 2026, to holders of record Dec. 2, 2026, the 46th consecutive double-digit increase. The company repurchased $100 million of stock in the quarter, with $798 million remaining under its buyback program.

Shares of Tetra Tech (TTEK) were up 4.8% in delayed trading at $39.43. The company said it would post a webcast and supplemental financial information on its website on Nov. 12, 2026, at 8:00 a.m. PT.

Recent awards included a $1.4 billion multiple-award agreement for enterprise logistics services for NASA and a $141 million contract for water infrastructure assessment for the U.S. Environmental Protection Agency.