Tetra Tech Reports Strong First Quarter Results and Raises Full Fiscal Year Guidance - Seite 2

Jill Hudkins, President, stated, “These results demonstrate the value of Tetra Tech’s pure play focus on the water cycle that continues to drive increasing demand for our high-end services. Tetra Tech’s key differentiator is our Leading with Science approach to the water cycle; from client-funded research and development, watershed management, water supply and treatment, to flood protection and marine navigation.”

Leslie Shoemaker, PhD., Chief Sustainability Officer, added, “Tetra Tech is changing lives through science, technology, and innovation. Our goal is to improve the lives of one billion people around the world by 2030, providing sustainable solutions across our water and environment markets by optimizing water management, preserving biodiversity, and mitigating climate change.”

Recent Key Wins

• $5 billion Republic of Ireland water framework contract, improving water quality and enhancing watershed protection for 4 million people

• $800 million U.S. Army Corps of Engineers PFAS remediation contract, preventing future environmental contamination and protecting lives at more than 500 military bases

• $450 million Great Lakes environmental restoration contract, providing environmental restoration of the world’s largest freshwater watershed and improving the lives of 34 million people

• $125 million United Utilities Better Rivers AMP 8 program, reducing wastewater overflows and enhancing watershed quality for 7 million people in North West England

• $34 million USAID Land and Resource Governance contract, protecting land, water, and resources for more than 100 million vulnerable households in developing countries

• $24 Million USAID Biodiversity and Ecosystem Conservation contract, preserving ecosystems and enhancing community livelihoods for 16 million people in Cambodia

Quarterly Dividend and Share Repurchase Program

On January 29, 2024, Tetra Tech’s Board of Directors approved the Company’s 39^th consecutive quarterly dividend at an amount of $0.26 per share, a 13% increase year-over-year, payable on February 27, 2024, to stockholders of record as of February 14, 2024. Tetra Tech has $348 million remaining under its $400 million share repurchase program.

Business Outlook

The following statements are based on current expectations. These statements are forward-looking, and the actual results could differ materially. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release.