Tetra Tech, Inc. Declares Quarterly Dividend, Payable on February 28, 2020; Provides Earnings Guidance for the Second Quarter and Full Year 2020
January 29, 2020 at 04:00 pm
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On January 27, 2020, Tetra Tech, Inc.'s board of directors declared a $0.15 per share dividend payable on February 28, 2020 to stockholders of record as of February 12, 2020 and also authorized a new $200 million share repurchase program.
The company provided earnings guidance for the second quarter and full year 2020. The company expected diluted EPS for the second quarter of fiscal 2020 to range from $0.73 to $0.78. Net revenue for the second quarter is expected to range from $580 million to $630 million.
For fiscal 2020, the company is updating its EPS guidance and now expects diluted EPS to range from $3.40 to $3.55. For fiscal 2020, the company expected net revenue to range from $2.4 billion to $2.6 billion.
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. 
