On January 26, 2015, Tetra Tech Inc. announced that the Board of Directors declared a quarterly dividend of $0.07 per share payable on February 26, 2015 to stockholders of record as of February 11, 2015.

The company announced earnings results for first quarter ended December 28, 2014. For the quarter, revenue was $581.1 million against $645,848,000, down 10% compared to the prior year. The declines were primarily due to the decision to complete certain fixed-price construction activities and wind-down the Remediation and Construction Management segment. Operating income was $36.6 million and diluted earnings per share (EPS) were $0.41 against $43,718,000 and $0.42 respectively, a year ago. Cash generated from operations was $5.5 million. Net income attributable to the company was $25,575,000 against $27,315,000 a year ago. Operating income was down slightly from the prior year, and that was due primarily to project-related losses from completing work in its RCM segment. The year-over-year comparisons in revenues were also negatively impacted by the FX rates due to the strengthening of the U.S. dollar. Net revenue decreased to $437 million, also about a 10% decrease for the same reason that its overall revenue decreased. EBITDA was about $49.3 million. EBITDA was driven by the same factors as its operating income, but at a higher percentage as they recognized intangible amortization and depreciation of about $30 million in the current quarter. Net debt compared to the prior year did increase about $56 million to about $102 million.

The company provided earnings guidance for the second quarter and full year of fiscal 2015. The company expects diluted EPS to be in the range of $0.28 to $0.32. Revenue, net of subcontractor costs, is expected to range from $400 million to $450 million.

For fiscal 2015, the company is updating its guidance. Diluted EPS is now expected to range from $1.55 to $1.70. Cash EPS2 is expected to range from $2.30 to $2.55. Revenue, net of subcontractor costs is expected to range from $1.70 billion to $1.85 billion. The company expects to generate operating cash upwards of 25% to 30% more in 2015 as forecast indicates cash from operations to be in the range of about $145 million to $160 million for the year. The company expects spending for the rest of fiscal 2015 to remain as initially forecasted and be in the range of about $15 million to $25 million for the year. This guidance does include intangible amortization of $21 million, which would equate to $0.23 per share for the entire year; an effective tax rate of $0.32 for the entire year for the remainder of the year for fiscal year 2015.