Dan Batrack, Chairman & CEO Steve Burdick, Executive VP & CFO
WATER
ENVIRONMENT
SUSTAINABLE INFRASTRUCTURE
Forward Looking Statements &
Non-GAAP Financial Measures
Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, such as those related to fluctuations in the Company's quarterly operating results and stock price, and the other risks detailed from time to time in the Company's SEC reports.
To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. We provide these non-GAAP financial measures because we believe they provide a valuable perspective on our financial results. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation and are not in accordance with, or a substitute for, GAAP measures. In addition, other companies may define non-GAAP measures differently which limits the ability of investors to compare non-GAAP measures of Tetra Tech to those used by our peer companies. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is available at investor.tetratech.com.
2
Q3-22 Results
Net Revenue
$720M
$638M
+13%
Q3-21Q3-22
Operating Income
EPS
$84M
$1.09
$70M
$0.95
+20%
+15%
Q3-21
Q3-22
Q3-21
Q3-22
Q3 results driven by high-end water and environmental consulting services
3
Net Revenue by Customer (Q3-22)
Customer
% of
Y/Y
Comments
Net Rev.
International
35%
+18%
• High Performance Buildings up
•
Infrastructure up
U.S. State & Local
16%
+10%
•
Digital Water up
•
Disaster Response flat
U.S. Commercial
22%
+19%
• High Performance Buildings up
•
Renewable energy up
U.S. Federal
27%
+4%
• +8% Y/Y excluding Afghanistan wind-down
•
Environmental up
4
Performance by Segment (Q3-22)
Segment
Net Revenue ($M)
OI Margin
Comments
(% of NR)
$335
$315
•
Digital Water up
GSG
+6%
13.4%
•
International Development up
•
Disaster Response flat
Q3-21
Q3-22
$385
CIG
$323
•
High Performance Buildings up
13.8%
•
Commercial Environmental up
+19%
Renewable Energy up
•
Q3-21
Q3-22
5
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Tetra Tech Inc. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 20:35:49 UTC.
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.
TETRA TECH, INC. 
