Tetra Tech, Inc. (TTEK) Bundle
A Brief History of Tetra Tech, Inc. (TTEK)
Company Overview
Tetra Tech, Inc. is a publicly traded engineering and consulting firm headquartered in Pasadena, California. Founded in 1966, the company provides consulting and technical services across multiple sectors.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $4.4 billion | $403.6 million | $69.75 |
Key Business Segments
- Water Infrastructure
- Environmental Services
- Energy and Infrastructure
- International Development
- Government Services
Market Presence
Tetra Tech operates in over 100 countries, with approximately 27,000 employees as of 2023.
Stock Performance
| Exchange | Ticker Symbol | Market Capitalization | 52-Week Range |
|---|---|---|---|
| NASDAQ | TTEK | $6.2 billion | $52.55 - $75.11 |
Recent Acquisitions
- Stantec's U.S. federal water business in 2022
- Complete acquisition of Energy Security Solutions in 2023
Environmental and Sustainability Focus
Carbon Neutrality Goal: Committed to achieving carbon neutrality by 2030.
Government Contracts
Holds multiple U.S. government contracts, with approximately 60% of revenue derived from federal and state government work.
A Who Owns Tetra Tech, Inc. (TTEK)
Major Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc | 6,273,966 | 16.23% |
| BlackRock Inc. | 5,192,808 | 13.43% |
| Dimensional Fund Advisors LP | 3,126,670 | 8.09% |
| William Blair Investment Management | 2,845,489 | 7.36% |
Top Insider Ownership
- Dan L. Batrack (Chairman/CEO): 1,271,500 shares
- Steven M. Burdick (Executive VP): 326,500 shares
- Kirsten M. Lauber (SVP/CFO): 161,300 shares
Ownership Distribution
Public Float: 38,628,000 shares
Institutional Ownership Percentage: 89.7%
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 89.7% |
| Insider Ownership | 3.5% |
| Individual Retail Investors | 6.8% |
Tetra Tech, Inc. (TTEK) Mission Statement
Corporate Overview
Tetra Tech, Inc. is a publicly traded environmental consulting and engineering firm headquartered in Pasadena, California. As of fiscal year 2023, the company reported the following key financial metrics:
| Financial Metric | Value |
|---|---|
| Total Revenue | $4.4 billion |
| Net Income | $353.5 million |
| Market Capitalization | $6.2 billion |
| Number of Employees | 27,000 |
Mission Statement Components
Tetra Tech's mission focuses on:
- Providing innovative environmental and infrastructure solutions
- Supporting sustainable development globally
- Delivering high-quality technical consulting services
Key Service Segments
| Service Segment | Revenue Contribution |
|---|---|
| Water Infrastructure | 32% |
| Environmental Services | 28% |
| Infrastructure | 24% |
| International Development | 16% |
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| United States | 76% |
| International Markets | 24% |
Strategic Focus Areas
- Climate change adaptation
- Renewable energy solutions
- Water resource management
- Environmental restoration
Performance Metrics
| Performance Indicator | 2023 Value |
|---|---|
| Earnings Per Share | $4.12 |
| Return on Equity | 15.6% |
| Operating Margin | 8.3% |
How Tetra Tech, Inc. (TTEK) Works
Company Overview
Tetra Tech, Inc. is a global consulting and engineering firm headquartered in Pasadena, California. As of 2024, the company operates in multiple sectors including water, environment, infrastructure, and energy.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $4.48 billion |
| Net Income | $325.4 million |
| Market Capitalization | $6.2 billion |
Service Segments
- Water Infrastructure Services
- Environmental Consulting
- Energy and Resource Management
- International Development Services
Global Presence
Tetra Tech operates in over 100 countries with approximately 27,000 employees.
Key Client Sectors
- Government Agencies
- Commercial Enterprises
- International Development Organizations
- Utility Companies
Technology and Innovation
The company invests approximately $45 million annually in R&D and technology development.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Ticker | TTEK |
| Current Stock Price | $125.60 |
| Year-to-Date Performance | +12.3% |
How Tetra Tech, Inc. (TTEK) Makes Money
Revenue Segments
Tetra Tech generates revenue through two primary business segments:
- Government Services Group
- Commercial and International Services Group
Financial Performance 2023
| Financial Metric | Amount |
|---|---|
| Total Revenue | $3.8 billion |
| Net Income | $294.5 million |
| Operating Cash Flow | $327.4 million |
Government Services Revenue Sources
Tetra Tech provides services to multiple federal agencies:
- U.S. Environmental Protection Agency
- U.S. Department of Defense
- U.S. Department of Energy
- Department of Homeland Security
Commercial Services Revenue Breakdown
| Sector | Percentage of Commercial Revenue |
|---|---|
| Water Infrastructure | 35% |
| Energy Services | 25% |
| Environmental Consulting | 20% |
| Infrastructure Development | 20% |
Global Operations Revenue
International Revenue Contribution: 22% of total company revenue in 2023
Key Service Offerings
- Environmental Consulting
- Water Infrastructure Management
- Clean Energy Solutions
- Infrastructure Engineering
- Program Management
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