Tetra Tech, Inc. Reports Earnings Results for the First Quarter Ended December 27, 2020
January 28, 2021 at 03:23 am IST
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Tetra Tech, Inc. announced earnings results for the first quarter ended December 27, 2020. For the first quarter, the company announced sales was USD 765.104 million compared to USD 797.623 million a year ago. Operating income was USD 66.252 million compared to USD 63.302 million a year ago. Net income was USD 52.436 million compared to USD 47.310 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 0.85 a year ago.
Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.